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HomeStart
In reply to the Hon. S.C. MULLIGHAN (Lee) (25 November 2020). (Estimates Committee B)
The Hon. R.I. LUCAS (Treasurer): I have been advised the following:
HomeStart holds data about customers who it is estimated may be able to get regular bank finance at the time of settlement, and subsequent loan discharges.
In 2019-20, 159 loans were discharged where it was estimated at the time of settlement (since 2016) they could have possibly obtained finance elsewhere.
The below multi-year analysis shows that for loans older than three years, on average 55 per cent of those customers who could have possibly obtained finance elsewhere at the time they sought finance from HomeStart have already discharged their loan.'
| Year of Discharge | |||||||||
| Year of settlement | Total settled | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | Total discharged | % discharged |
| 2016 | 155 | 8 | 22 | 24 | 15 | 15 | 5 | 89 | 57%* |
| 2017 | 181 | 5 | 31 | 29 | 36 | 15 | 116 | 64%* | |
| 2018 | 236 | 7 | 24 | 56 | 16 | 103 | 44%* | ||
| 2019 | 212 | 8 | 45 | 21 | 74 | 35% | |||
| 2020 | 211 | 7 | 13 | 20 | 9% | ||||
| Total discharged | 8 | 27 | 62 | 76 | 159 | 70 | 402 | ||
* Average = 55 per cent