MyBond partners with the Founder and Chairperson of Hope for the Homeless
To celebrate International Pay It Forward Day today (28 April 2022), MyBond has partnered with the Founder and Chairperson of Hope for the Homeless, Dean Evers, by paying his rental bond forward.Dean was recently featured on ABC ‘Coffs Harbour homelessness advocate facing rental struggle of his own’, and shared his personal experience and struggle with finding a suitable rental property in the current circumstances. Rental affordability and accessibility have been affecting many Australians this year. The crisis is hitting hard in regional areas like Coffs Harbour and neighbouring Port Macquarie, with vacancy rates in the state at just 0.8 per cent, according to the REINSW Vacancy Rate Survey for December. Skyrocketing demand and short supply have led to soaring median rental prices. According to realestate.com, the median weekly rent for a Coffs Harbour house is $560, with units at $420.A community champion, Dean, has dedicated much of his working life to advocating for the homeless. Still, after years of campaigning, he was faced with his rental market struggle to find a new home. “The continued knockbacks because there are so many people applying for properties, and just how soul-destroying that is to keep doing that day after day.”Hope for the Homeless works to assist people in crisis find long-term rental accommodation, furniture, and white goods for those struggling to make ends meet. “MyBond and Hope for the Homeless share the same passion for putting the community first. Dean’s advocacy and commitment align with our mission to make a tenant's life easier by providing various products and services and, ultimately, a solution.” Ray Dib, CEO and co-founder of MyBond, believes that “small acts like this that have real outcomes that can literally change the individual, their circumstance and have a ripple effect in the community.”“Being in the rental market and having to move house can be very expensive. Apart from moving costs and having the house cleaned professionally, there is a huge consideration of the bond. While the Department of Fair Trading holds your existing bond, you need to find several thousand dollars for your new bond. This is where MyBond can assist.” stated Dean Evers. “Forming a partnership between our charity and MyBond I know will help many individuals and families. I’m so glad I trusted them to look after me. I know they will look after you too” - Dean Evers.MyBond is a social enterprise that is enriched by its collaboration with local services and non-profit organisations such as Hope for the Homeless to assist individuals and families who have been victims of domestic abuse or displaced as a result of homelessness in settling into a new life by offering a new method of paying the initial bond. Furthermore, MyBond has developed a program whereby the tenant only pays MyBond's fee of one week's rent over 10 months interest-free, fee-free.MyBond is dedicated to outcomes rather than outputs on improving families' lives and finances while supporting our diverse Australian community. “Overall, MyBond is committed to improving families' lives and finances while supporting our diverse Australian community. But, ultimately, it's all about giving people flexibility and choice in paying and managing their rental bond and allowing someone to control where they want to live and when they want to live there.” - Ray Dib.
About MyBond MyBond is disrupting the Australian rental market with a first-of-its-kind in-the-world service that helps tenants pay for the rental bond. An alternative to paying rental bonds with a single fee of just one week's rent with no interest, no repayments and no credit checks. MyBond’s vision is to be the preferred and trusted partner throughout a renter's life, and since the company’s launch in March 2021, it has funded millions of bonds and has helped over 1500+ Australians move into their dream dwelling in NSW, VIC, & QLD. We are the fastest growing FinTech, with a growth rate of 25% month of the month and have plans to expand and scale-up.About Hope for the HomelessHope for the Homeless - Coffs Harbour Inc., a not-for-profit organisation (a public company limited by guarantee) ABN: 93871390505 and registered with the Australian Charities and Not-for-profits Commission with Deductible Gift Recipient Status. We act in response to the needs of our community's most vulnerable members: the homeless, those at risk of becoming homeless, victims of domestic violence, and the working poor. Over six years, we have helped 1,000’s individuals and families.