Our mission to make housing more attainable for essential workers continues to fuel everything we do at HOPE. I’m pleased to share several major milestones from this July – September 2024 quarter, reflecting the progress we’re making together.
Strong Performance and Impact
Our investment strategy for HOPE Fund I continues to achieve better than market results. HOPE Fund I has achieved a 11.2%(A) portfolio asset growth since inception, exceeding the broader Sydney property market’s 7.3% (B) growth calculated for the same period. This performance underscores our commitment to a diversified portfolio of high-quality residential properties that provide stability and long-term value, not just for our investors but also for our essential worker homeowners. This success reinforces the unique strength of HOPE’s model: combining robust financial returns with tangible social impact to benefit those who serve our communities.
Sustainable Plus Certification by RIAA
We’re proud to share that HOPE Fund Management Limited has been awarded the Sustainable Plus Certification by the Responsible Investment Association of Australia (RIAA). This recognition reflects our unwavering dedication to responsible investment and impactful stewardship practices. The RIAA certification sets a high bar, evaluating products on investment processes, stewardship, and transparency that go well beyond typical market practices. We believe this distinction highlights that HOPE’s product brings both the financial strength and social focus needed to make a real, lasting difference.
Advocating for Essential Worker Housing
In a milestone for HOPE’s advocacy work, as we were invited to speak at a public hearing on Essential Worker Housing, organised by the NSW Legislative Assembly Select Committee. This committee is exploring housing solutions for essential workers across New South Wales, with a particular focus on the Northern Beaches. The hearing provided a vital platform to represent the needs of healthcare workers, educators, emergency responders, and others who are essential to our communities. We emphasised the pressing need for improved housing policies and ownership solutions that enable essential workers to stay in the jobs they love and continue to serve our communities that depend on them. It was an honour to share HOPE’s vision and demonstrate how our model is a viable, impactful solution to address this urgent issue.
Looking Ahead
As we look toward the future, our work has only just begun., The need for housing solutions for essential workers continues to grow, and we remain committed to expanding HOPE’s impact. I invite more investors to join us in this journey – every new investment into HOPE Fund II fuels our ability to help more essential workers become homeowners and establish stable lives near their work. Together, we have the opportunity to create a lasting legacy for those who serve us every day, helping them build a future in the communities they care for and call home.
Thank you for your support and shared commitment to HOPE’s mission.
Warm regards,
Tim
Important InformationPast performance is not a reliable indicator of future performance.
Prospective investors should carefully review HOPE Fund II’s Information Memorandum (IM) in full and seek professional advice prior to making any investment decision. For more information about the Fund, please refer to the Investor Disclaimer on our website.
(A)The Portfolio Growth since inception p.a. represents the cumulative growth since HOPE Fund I portfolio inception date of 16 November 2022. Portfolio growth is determined by estimating market value of the properties within the Fund’s portfolio monthly, using CoreLogic IntelliVal (Automated Valuation Estimate) and PropTrack AVM. The change in total portfolio value is indexed from a base value of 100, established at the inception of the Fund’s portfolio, to account for the addition of new properties during the same period. The portfolio growth information does not take into account liabilities or expenses of the Fund and therefore may not reflect overall Fund performance.
(B)The CoreLogic Benchmark is derived using the ‘CoreLogic Hedonic Home Index reports’ for ‘All Dwellings’ in the Sydney market, since the HOPE Fund I portfolio inception date of 16 November 2022. This is the growth of residential real estate in the Sydney market. The detailed methodology of the CoreLogic Hedonic Home Index can be found on the CoreLogic Australia website.
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