How Society Benefits
Housing complexity, like poverty, is manmade, resulting from extensive laws that create predictable outcomes. As times change and society requires new outcomes, new systems and tools are required for real change to be enforced.
Without affecting what already is, the guardianship housing system is a system based on contract law where the rights and responsibilities, and the values and call options, are all agreed to prior to the property share being purchased.
Being able to be used on existing properties, property guardianship can be integrated within various societal frameworks without the need for disruptive changes. It offers a flexible, adaptable solution to the persistent problems of housing scarcity and affordability and furthermore, it empowers individuals by granting them a new form of ownership and stability which is crucial in fostering a harmonious and prosperous community.
By reducing the financial burden associated with traditional housing models, the guardianship system paves the way for a more equitable distribution of resources. It benefits not just those who are directly involved in the housing market, but also the broader society. With this system in place, families can enjoy a secure living environment, while the government can allocate funds more effectively, addressing other pressing societal needs.
Market Benefits
Entering the Guardianship market, new strategies and various investment opportunities open up that are beneficial to landlords, investors, guardians and renters. This system can generate specific outcomes for different needs—social, institutional, and personal—benefiting all parties involved.
The Guardian Right is considered personal property since it is not titled, meaning the property mortgage over land remains unaffected even if fixtures attached to the land are used or owned by another party (leased or sold with a right to retrieve them).
For Vacant Land: When land enters the guardianship system, a Guardian Right is created, allowing new development possibilities on the land without altering its ownership. This approach can make housing costs more manageable, particularly for first-time buyers or long-term renters, as they can initially purchase just the house without the land cost, which can be acquired later depending on circumstances.
House and Land: Transitioning away from acting as a rental to a Guardianship property, allows landlords to opt for receiving a lump sum instead of weekly rent. This could be advantageous for landlords requiring work on their property, address policy changes, pay off debt, or utilize equity more effectively.
Mum and Dad: Parents often use the equity in their homes to assist their children in purchasing property. While banks consider interest-bearing loans low risk due to their dominance in the financial property market, Guardian Rights present an alternative investment with low risk, aiming to protect mum and dad interests and benefit families.
No Deposit Loans: Unlike property mortgages that require a deposit, personal loans do not, and to manage loan risks, we provide repayment guidelines. These guidelines are capped at market rent should the property revert to a rental. This system can drive down housing costs and create benefits for owners, guardians, investors, developers, and the government, not only in monetary gains but also in security and privilege.
A Shifting Awareness
Australia’s need for safe, affordable, and stable housing is a recurring theme in political campaigns before elections. However, post-election, old patterns reemerge, and little seems to change due to departmental bureaucracies holding firm to their agendas. To address this issue effectively, inclusivity education would align these departments, allowing new systems like Guardianship to be introduced as a viable solution.
The concept of Guardianship offers a permeable solution to these persistent housing problems. By promoting inclusivity and bridging departmental divides, it can pave the way for more effective housing policies that benefit all Australians. This shift in approach is crucial for creating a sustainable and equitable housing market, where safety, affordability, and stability are not just election promises but tangible realities.
Adding a property to the Guardian Right Registry creates a contractual obligation between the Landholder and the Guardian which stays in place until one party owns both portions of the property, at which point the obligation ends if the property exits the system formally.
Freedom is what guardianship offers. Freedom from tenancy woes and restricted tenancy use, freedom from responsibility which lands back with the property user, and freedom from excessive debt and property costs such as stamp duty.
Expert in the Making
Developed through buying and selling, renting, developing, and subdividing properties, understanding ballot conditions, contracts, special conditions, vendor terms, overlays, rights of way, easements, existing leases, taxes, trusts, valuations, different borrowing criteria from banks, solicitors and vendors, provided the knowledge to build a more advanced and robust housing model that could benefit all.