We know that home ownership is important to many Australians. Only 37% of Indigenous Australians own their own homes, compared to 70% of non-Indigenous Australians. NAB is undertaking a range of initiatives to promote Indigenous home ownership in partnership with Indigenous Business Australia (IBA).
The Indigenous home lending market presents both social and commercial opportunities for NAB. While the commercial benefits are modest, the social benefits are high, therefore Indigenous home lending will continue to be a priority for NAB well into the future.
We have developed programs to increase Indigenous access to home loans by:
• building financial capability, through NAB’s Indigenous Money Mentors Program;
• refinancing IBA customers into mainstream banking products;
• establishing split home loan options in partnership with IBA; and
• investigating a Social Impact Investment funding solution.
Learn more about how NAB supports Indigenous Australians