The latest updates and news from Helia.
Helia releases Home Buyer Sentiment Report
3 November 2023 – Pursuit of home ownership remains strong whilst the housing market continues to defy expectations.
The 2023 report explores home ownership in Australia and home buyer sentiment across first home buyers, refinancers and investors.
- Stopping paying rent (51%) is the top reason for FHBs to buy property, followed by ‘the dream of owning property’ (42%) and long-term investment (34%)
- 60% say it’s a good time to buy. But this sentiment is driven by fear rather than optimism, with the top reasons being ‘rent not affordable' (39%) and ‘before prices rise further’ (45%)
- 31% are unaware of alternative pathways to get onto the property ladder
- To save for a deposit, almost a quarter of those surveyed have taken on a second job and are cutting back on health expenses
- Four in five home buyers are likely to use a mortgage broker to obtain a loan for their property.
Helia announces new partnership with Great Southern Bank
14 September 2023 -
Helia has announced a new partnership with Great Southern Bank as the exclusive provider of Lenders Mortgage Insurance (LMI) solutions for the bank's home loan customers. Great Southern Bank will have access to Helia's suite of LMI solutions to accommodate a range of funding options for home loans.
Workplace Gender Equality Agency (WGEA) – Helia's 2022/2023 accreditation
1 August 2023 -
In June 2023, Helia lodged their Workplace Gender Equality Agency (WGEA) compliance report for 2022/2023. Helia is pleased to confirm that it meets all of the minimum standards for reporting organisations against each of the WGEA’s ‘gender equality indicators’. Of particular note is their continued strong female representation at senior management and Board levels, high uptake and satisfaction with our offering of flexible work arrangements and a strong focus on providing leadership on gender equality both within and external to the company.
Unlocking home ownership: deposit gaps, mortgage brokers and money habits
3 July 2023 – Helia release Spotlight pulse survey. Key insights:
More than 90% of first home buyers find it hard to save a 20% deposit
Prospective home buyers are committed to overcoming the deposit barrier
Mortgage brokers are a valued support during the home buying process
Helia announced global winner of Appian Innovation Award
16 May 2023 – Helia wins award for Appian platform innovation
Helia has been announced as one of six global winners of the 2023 Appian Innovation Award at the annual award event held in San Diego (United States). The Appian Innovation Awards recognise and honour Appian customers around the world who are leading exceptional business transformation programs through the Appian platform for process automation.
Home ownership – a reality or a pipe dream?
13 April 2023 – Helia release Spotlight pulse survey. Key insights:
- More home buyers are losing hope in buying their first property
- One in three are having difficulty meeting mortgage payments
- Alternative strategies are poised to grow
- Lenders Mortgage Insurance (LMI) awareness and usage is strong
Helia recognised as a 5-star Mortgage Innovator by Australian Broker
31 March 2023 – Helia wins award for Deposit Comparison Estimator
Australian Broker has announced Helia as a 5-Star Mortgage Innovator 2023.
Our award winning Deposit Comparison Estimator provides insights into home deposit options available and the financial benefits to get people into their home’s sooner.
Helia announces enhancements to LMI for SMSF loans
23 March 2023 – SMSF LMI Announcement
Helia has announced enhancements to LMI for self-managed super fund (SMSF) loans providing more opportunities for the SMSF investor market. The enhancements align to current housing market valuations and increase accessibility given the sector has seen consistent strong performance.
Helia and Habitat for Humanity announce partnership to increase accessibility to sustainable housing for Australians.
22 December 2022 – Habitat Announcement
Helia has announced a new partnership with Habitat for Humanity to create more opportunities for deserving Australian families to access the Australian market.
Helia partners with Resi to launch Monthly Premium LMI
10 December 2022 – LMI made easier pay monthly with Resi
First home buyers who are struggling to save enough for a 20% deposit can now potentially get into a home sooner with the flexibility to pay Lenders Mortgage Insurance (LMI) with a monthly premium solution launched in partnership with Helia and Resi. Mortgage Corporation Pty Ltd.
FHBs look or new pathways for home ownership as affordability gap set to widen.
23 November 2022 - Helia releases First Home Buyers Report 2022. Key insights.
- Affordability remains the top barrier to FHBs entering the property market
- Just one in four FHBs are now targeting a 20% deposit
- Fewer offers of support from the Bank of Mum and Dad
- Adoption of alternative ownership strategies poised to grow.
Household Capital Closes $37.6 Million Raising and Enters Strategic Partnership With Genworth
17 October 2022 -
Genworth has entered a strategic partnership with Household Capital, a leading provider of retirement solutions in Australia. Genworth led Household Capital $37.5m Series C capital raise and joins Legal & General as a strategic investor. Lisa Griffin, Chief Commercial Officer - New Ventures at Genworth, will join the Household Capital board of directors.
Genworth Announces new Chief Commercial Officer – LMI
8 August 2022 -
Genworth Mortgage Insurance Australia Limited (Genworth) has announced the appointment of Greg McAweeney as Chief Commercial Officer LMI, effective 15 August 2022.
Workplace Gender Equality Agency (WGEA) – Genworth’s 2021/2022 accreditation
23 June 2022 -
In June 2022, Genworth lodged their Workplace Gender Equality Agency (WGEA) compliance report for 2021/2022. Genworth is pleased to confirm that it meets all of the minimum standards for reporting organisations against each of the WGEA’s gender equality indicators’. Of particular note is their continued strong female representation. At senior management and Board levels, high uptake and satisfaction with our offering of flexible work arrangements and a strong focus on providing leadership on gender equality both within and external to the Company.
Genworth launches Deposit Comparison Estimator
1 June 2022 -
Genworth today launched the Deposit Comparison Estimator, a new resource which provides insights to the options available to use the deposit available to accelerate home ownership.
There are 6 deposit options available which also display the key considerations based on estimates provided and when each scenario may work.
Genworth recognised as a 5-star Mortgage Innovator by Australian Broker
23 May 2022 -
Australian Broker announced Genworth Australia as an Australian 5-star Mortgage Innovator 2022.
Genworth’s Family Assistance and Monthly Premium LMI products were medal winners as part of Australian Broker's 5-Star Mortgage Innovators 2022.
Family Assistance is a solution for home buyers to access the property market with family support. Family Assistance provides a home buyer with a 15% reduction in the cost of LMI when their family member pays the upfront cost of LMI at the time of settlement. Family members can support home buyers, without the risks associated with the traditional ‘bank of mum and dad’ – that is where parents provide additional funding to help their children to bridge the deposit gap or acting as guarantor for their home loan. This feature alleviates the stress that being a guarantor can cause for both the borrower and guarantor.
In the first ‘pay by the month’ LMI option to be offered in Australia, Monthly Premium LMI provides an alternative to the one-off cost of Upfront Premium LMI, which means that home buyers don’t have to save this additional amount before buying a home, or otherwise have to finance the upfront LMI premium as part of their loan amount. This is a great option for home buyers who have strong serviceability, as the total loan amount can be maximised for use towards the property purchase, enabling them to buy their desired home.
Launch of Family Assistance
1 December 2021 -
Genworth has today launched Family Assistance, a new product designed to help families better support home buyers struggling to enter the property market.
In a market first, Genworth will provide a 15% reduction when an LMI premium is funded by a home buyers’ family member and paid upfront at the time of loan settlement.
Launch of report, The Genworth First Home Buyer Report 2021
28 August 2021 -
A thought leadership report issued by Genworth Mortgage Insurance Australia examines the views of recent first home buyers and prospective first home buyers across Australia in the current property market. The Report is based on a survey undertaken in April and May 2021, of 2,077 Prospective First Home Buyers and 1,008 Recent First Home Buyers across Australia.
Workplace Gender Equality Agency (WGEA) – Genworth’s 2020/2021 accreditation
26 July 2021 -
In July 2021, Genworth lodged their Workplace Gender Equality Agency (WGEA) compliance report for 2020 / 2021. Genworth is pleased to confirm that it meets all of the minimum standards for reporting organisations against each of the WGEA’s ‘gender equality indicators’. Of particular note is their continued strong female representation at senior management and Board levels, high uptake and satisfaction with our offering of flexible work arrangements and a strong focus on providing leadership on gender equality both within and external to the Company.