According to the 2016 Census, there are 116,000 people whoare sleeping homeless every night across Australia, with another 1.5 millionpeople who are living in housing stress.
While there are many ways you can help, includingsupporting REIWAs Community REInvest program, did you know you can also donate0.1 per cent of the sale price of your home towards helping those in need?
Homes for Homes
Homes for Homes invite residential and commercial propertyowners to take part in a social initiative that will help to end homelessness.Its a simple promise, that when a home sells, 0.1 per cent of the sale pricewill be donated to Homes for Homes.
Homes for Homes pool donations from West Australian sales, withthe funds granted to community housing providers who create social andaffordable housing for those in need.
For example, for a $750,000 home that is a donation of$750, which is tax deductible.
How does it work?
1. Homes registered
When a property is registered with Homes for Homes, they willadd a caveat to the title as a reminder of your promise to donate when you decideto sell.
2. Properties sold
When the property is sold, it remains registered with Homes forHomes, giving the new owner the opportunity to donate when they sell in future.
3. Funds donated
Through the settlement disbursement process, a tax deductibledonation of 0.1 per cent of the sale price is made to Homes for Homes.
4. Money granted
Donations from WA sales are pooled and granted to WA housingproviders.
5. Homes built
The money raised through Homes for Homes is used to build socialand affordable housing to help end homelessness.
