About Cornerstone Housing

We provide affordable housing for all communities. For all people to know Jesus and be integrated into the body of Christ through the vehicle of Christian-based housing.

What’s been happening

A year in review for Cornerstone Housing

526

Number of Tenancies

$151

Weekly Rent

52

New Tenancies

1724

Repair Requests

Who are we?

Established in 1992 as Lutheran Community Housing Support Unit, Cornerstone Housing Ltd is a low-income based housing provider under the National Regulatory System.

We are a registered real estate agency and maintain full not-for-profit charity status with the Australian Tax Office and Australian Charities and Not-for-profit Commission.

The majority of our staff are also qualified and registered Property Managers.

We employ 23 staff members with experience in:

  • Property management for social and private housing portfolios

  • Tenant support

  • Finanancial management

  • Asset management

  • Project development

Our Vision

For all people to know Jesus and be integrated into the body of Christ through the vehicle of Christian-based housing.

Our Mission

Our mission through Christ is to deliver high-quality housing, services, and support for people in need.

Our housing types

We manage nearly 700 properties within metropolitan Adelaide and regional South Australia. Our housing portfolio is diverse, with a range of different housing programs.

Community Housing

What is community housing?

“Community housing is an alternative to public housing and caters for people on very low to moderate incomes, who are or may be in rental stress or face barriers to entry into the private housing market.

 

It provides secure, affordable, long-term rental housing for people with specific needs; including people who have experienced homelessness, the aged, Aboriginal people, people with a disability, survivors of domestic violence, people from non-English speaking backgrounds and low-income families and individuals.

 

Community Housing is managed by not-for-profit organisations and provides a variety of living arrangements depending on the needs and preferences of the tenant household.”

 

Community Housing Council of South Australia

Affordable Housing

What is affordable housing?

“Affordable housing is housing for people and households on incomes ranging from low to moderate, and includes both rental and home ownership.

 

It is priced so that low and moderate-income households are able to meet essential basic living costs, with housing costing no more than 30% of weekly household income, either for mortgage or rent.”

 

SA Housing Authority

Supported Housing

What is supported housing?

“The Homelessness Supportive Housing Program provides accommodation and support for customers with complex needs who require intensive case management and support to maintain their tenancy. Customers must be engaged in case management with a SA Homelessness Alliance or Domestic and Family Violence Alliance provider to access the program.

 

The program is delivered through a partnership between the SA Homelessness Alliances, Housing SA and community housing providers. The Alliances, which involve multiple support providers, include four regional homelessness alliances and a state-wide domestic and family violence alliance.

 

Housing SA and community housing providers make properties available for the program and manage the tenancies and properties.

 

The Alliances assess customers’ eligibility and provide case management and support to customers once they’re housed.”

 

SA Housing Authority

We can manage your property

With over 20 years experience in all forms of property management, we are committed to working with landlords, both new and established, to achieve the best outcomes for both landlords and tenants.

As we are a not-for-profit organisation, we can not only offer professional property management services at competitive rates but the proceeds of our service go directly towards funding affordable housing initiatives.

Incentives

We are able to offer exclusive tax benefits for owners who wish to further support the provision of affordable housing through the following incentives.

Capital Gains Tax Discount

Australian Government’s additional Capital Gains Tax discount for affordable housing

When a property owner sells an investment property that is rented below market value, they may be eligble to reduce their capital gains tax by up to 60% (10% more than the 50% discount).

To be considered for the discount, you must rent your property out for a three-year period (total) at 80% of market rent. See below for more information

Land Tax Exemption Pilot

Affordable Community Housing Land Tax Exemption Pilot

Cornerstone is participating in the Affordable Community Housing Land Tax Exemption Pilot which seeks to provide eligible property owners with ex gratia relief, equivalent to a land tax exemption for the property they rent.

This is achieved when property owners rent their properties out at less than 75% during the financial year; tenant eligibility conditions also apply.

Our development pipeline

We maintain an active development pipeline to help mitigate the federal and state government’s housing crisis.

Reach Out to Cornerstone

If you are wanting to find out more about Cornerstone, fill out your details and we’ll contact you.