- nabtrade will donate $184,000 to Good Shepherd’s new affordable housing project for older women at risk of homelessness.
- Donation comes as NAB and Good Shepherd celebrate 20 years of working together, making it the bank’s longest running community partnership.
- Partnership expanding from No Interest Loans to affordable housing solutions to tackle major issue.
A new affordable housing project for older women at risk of homelessness will receive a $184,000 boost from nabtrade – NAB’s online trading platform – following its 7th annual Charity Trading Day.
The donation will be made to help Good Shepherd Australia New Zealand (Good Shepherd) build the Marrickville Affordable Housing Project and comes as the two organisations celebrate a 20-year partnership.
Due for completion in mid-2026, the $40 million housing development will provide approximately 40 dwellings for women aged over 55 in Sydney’s inner west. It is being co-designed with women of culturally and linguistically diverse backgrounds who have experienced homelessness or housing vulnerability.
NAB Group CEO Ross McEwan and Good Shepherd Chief Executive Officer Stella Avramopolous took part in a panel discussion on nabtrade Charity Day about the importance of affordable housing.
Mr McEwan said the partnership’s focus was expanding to affordable housing at a critical time.
“There is a crisis in affordable housing that we can solve if we work together. We’re proud to be supporting the Marrickville project through our charity trading donation and by helping Good Shepherd finance the site purchase,” Mr McEwan said.
“We want to do more to help more Australians access affordable housing including through financing and supporting community partners who work closest with people in need.
“The two-decade relationship between NAB and Good Shepherd is the bank’s longest running community partnership and is entering a new chapter with a focus on affordable housing.”
Good Shepherd’s Ms Avramopolous said the project was prioritising support for some of those who were most at risk and often overlooked in the housing crisis.
“Good Shepherd helps women, their children and their families and there are over 400,000 senior women in Australia today at risk of homelessness,” Ms Avramopolous said.
“We’re responding to that by working collaboratively with other sectors to design and deliver affordable housing solutions where we can look at and address women’s financial wellbeing as well as a place for them to live.”
“We’re co-designing this project with women of culturally and linguistically diverse backgrounds who have experienced homelessness or housing vulnerability, with women from the local community, and will include wrap-around health, support and wellbeing services.”
NAB and Good Shepherd are celebrating 20 years of working together and helping close to one million people at risk of vulnerability access $480 million of safe and affordable credit through No Interest Loans.
“NAB and Good Shepherd already offer microfinance for housing and rental assistance which is helping address housing vulnerability, while we also broaden this support and partnership to a new affordable housing project which can assist more vulnerable groups,” Ms Avramopolous said.
- nabtrade’s 7th annual Charity Trading Day on 31 October 2023 donated a total of $230,000 to Australian charity causes.
- As part of the annual nabtrade Charity Trading Day, 80% of the day’s revenue has been donated to Good Shepherd’s Marrickville Affordable Housing project. The remaining 20% to ASX Refinitiv Charity Foundation supporting a range of Australian-based charities.
- This year’s final donation amount included support from partners JBWere, FNZ and SecuritEASE.
- More information on nabtrade’s annual Charity Trading Day is available at nabtrade.com.au/charityday.
- Since 2017, nabtrade has focused on making a real difference to the future of vulnerable and disadvantaged people by donating a day’s brokerage on Charity Trading Day. nabtrade has raised more than $1.730 million for charities and organisations to make a real difference to Australians and the community.
- In 2020, nabtrade joined forces with partners at the ASX to form the Annual Markets Day for Charity to make it an industry wide event to have a greater impact and support more Australians in need.
- nabtrade is NAB’s multi-award winning online investing platform, launched in 2012 providing domestic and international trades from $9.95 per online trade (plus FX for international). nabtrade offers access to a broad range of investment options including domestic and international shares, ETFs, bonds and managed funds. nabtrade has been awarded five stars for outstanding value in online trading from CANSTAR for seven years in a row.
- No Interest Loans are available to people on lower incomes, who can often find themselves excluded from mainstream credit and provide them with safe, fair and affordable access to credit for essential goods and services without the stress of high interest loan repayments, charges or late fees.