Since the beginning, the RBWH Foundation has engaged with the community and achieved great things. Madd Loans acknowledged this early on and chose to support their annual Giving Day initiative. 

It’s not uncommon for many brands and businesses to hold annual fundraisers or show their support behind major events once or twice a year. In fact, Madd have long done the same via sponsoring local sporting clubs and the annual Greek Paniyiri Festival – but what if a brand could extend that same support on a daily basis? 

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The Madd Challenge aims to embody this line of thinking via ‘Making A Difference Daily’. Launched in June 2021, owner George Samios and the entire team at Madd Loans are constantly on the hunt for ways to give back and support their local community on a day to day basis. When the opportunity came up to show their support behind this year’s ‘Royal Giving Day’, it was a no brainer. 

What Is The RBWH Royal Giving Day?

Royal Giving Day is an annual twenty four hour event, and allows Queenslanders to show their support behind the Royal Brisbane and Women’s Hospital – or RBWH – to raise much needed funds distributed towards cutting edge medical research, evidence based patient care, education and innovative equipment. 

Today, RBWH is home to around 500 clinician researchers, and is one of the largest research institutions in the world. It is considered a national leader in infectious diseases, cancer care, maternity, trauma and burns care, and is on the Steering Committee for the international ASCOT COVID-19 clinical treatment trial. The brainchild of the RBWH Foundation, since 1985 the RBWH Giving Day Initiative has raised over $50 million dollars. 

Since 1875, RBWH researchers have worked tirelessly to make breakthroughs that have changed the world we live in, such as the cause of Elephantiasis, polio treatment, the first Australian dialysis system, a cure for QFever, and even establishing the link between childhood lead poisoning and kidney disease. When it comes to fundraising efforts, quite literally every dollar counts to ensure that Queensland remains at the forefront of modern medicine on a global scale. 

How The RBWH Giving Day Initiative Works 

Held on June 23 2021, the goal for this year was to raise $600,000 towards research efforts for the Royal Brisbane and Women’s Hospital. Queenslanders were encouraged to get behind the cause as individuals, workplaces and even in RBWH’s own departments via getting active, facing a fear or even breaking a bad habit. 

In 2019, the RBWH Giving Day Initiative raised just over $500,000. With 100% of all funds donating going straight to the researchers, the funds provided the following real world achievements, equipment and research: 

ICU: Antibiotic dosing in critically ill patients – Evaluation of what is called ‘off-label’ dosing of antibiotics for critically-ill patients as standard doses, available from pharmacies, haven’t been tested in ICU situations. 

Burns: innovation in delirium management (Jayesh Dhanani) – Whether we decrease delirium in intensive care patients with the use of clonidine using two alternate delivery methods

Neurology: MEND and MND projects – Investigating the immunometabolic nature of motor neurone disease (MND): a study linking metabolism, inflammation, and clinical outcomes in MND patients

Spinal fellowship – Study into team-based management of all aspects of spinal care, through exposure in the tertiary setting to simple and complex spinal deformity, trauma, and spinal oncology. 

Allied health: Non-surgical management of knee osteoarthritis – Testing a screening instrument to select people with knee osteoarthritis most likely to benefit from non-surgical care.

Ideal catheter to vein ratio parameters for peripheral venous and midline devices – The DIAMETER study: how to determine the right size catheter for a vein to prevent device failure.

Imaging and DNA markers for non-penetrating traumatic brain injury – Can advanced medical imaging and a blood test for DNA markers predict outcome following brain injury.

Measure and map gene activity to determine kidney disease pathways and optimise kidney biopsy assessment – Use of a ground-breaking gene technology, Spatial Transcriptomics, to examine kidney disease and facilitate kidney biopsies.

Video conferencing rooms – The purchase of equipment to upgrade five conference rooms across RBWH to support international conferencing for training, research capabilities/partnerships and functionality through virtual meetings. 

NeoRESQ ‘NeoReturn’ vehicle – NeoReturn is Queensland’s first neonatal service to safely transfer babies and families to a hospital closer to home after receiving neonatal intensive care at RBWH. 

Delta therapy dogs – Therapy dogs are trained to provide affection, comfort and support to patients. 

Patient lounge upgrades – To provide privacy for families to meet and a quiet space for sometimes difficult conversations to be held

Patients in need – Clothing for vulnerable patients admitted to RBWH as a result of trauma, sexual assault or homelessness.

Various individuals, corporate partners, and community groups have made donations to the RBWH Foundation, allowing those behind the fundraising effort to build up a gift matching pool for Royal Giving Day.

Needless to say, all of the above wouldn’t have been possible without the support of Queenslanders and the Giving Day Initiative. The most exciting part? The 2021 Giving Day managed to not only hit the $600,000 target, but raised $637,478 – all in one day. 

With 365 days in a year, the sky’s the limit when it comes to what the team at Madd hope to achieve by “Making A Difference Daily”. While smaller scale events within the community, such as walks, staff events and fundraisers are on the cards, George and the team’s long term vision is to get other businesses involved with initiatives just like the RBWH Giving Day. After all, more brands equal more manpower, which translates to more good deeds on a day to day basis. 

If you’re a brand or business and would like to get involved with the Madd Challenge, get in touch with George, Tia and the team to discuss what you can do for your community today. 

The First Home Loan Deposit Scheme, or FHLDS, is a scheme designed to get Aussies into their first home faster. But, with price caps expanded, what has changed?

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Buying your first property is also one of the first steps of building wealth, as the equity in the home will usually allow you the opportunity to access further loans. If you are looking at – shares, a managed fund, or even a second investment property, entering the market isn’t always straightforward.

Thankfully, this is something that the Australian Federal Government is acutely aware of. As a result, they have taken some significant steps to help alleviate the pressure that first home buyers face in our country, such as grants and funding available through a variety of schemes purposefully released to encourage property ownership, with one of the more recent ones to enter the fray being the First Home Loan Deposit Scheme.

 

What Is The First Home Loan Deposit Scheme?

The First Home Loan Deposit Scheme (FHLDS) was first released on January 1 2020, and is an Australian Government initiative to support eligible first home buyers to build or purchase a first home sooner rather than later.

While buyers are usually required to save a 20% deposit or otherwise pay Lenders Mortgage Insurance, under the FHLDS, eligible first home buyers can purchase or build a new home with a deposit of as little as 5%. How this works is that the government acts as a guarantor for the remaining amount, so that you can get into the property market with a smaller up-front deposit.

In essence, the FHLDS functions in a similar fashion to a traditional family guarantor loan, except it is the government that fronts up to vouch for you, and in turn shoulder the risk. While the scheme doesn’t offer a cash payment, the good news is that you can use it in conjunction with any other government grants, schemes, concessions and waivers you qualify for, with the aim being to get Australians into their first home faster.

In this year’s budget, the government has boosted this by adding an extra 10,000 places to the scheme from July 1 2021 – except this time, it’s for both new and existing homes. The scheme has been boosted to accommodate an additional 10,000 applicants, lifting the total places to 30,000 for those who are able to meet the following criteria:

  • Singles taxable income up to $125,000
  • Couples taxable income up to $200,000
  • Owner-occupied properties on a principal and interest basis
  • Hold Australian citizenship
  • Purchasing your first property

However, one of the major changes to note is an expansion on the property price caps and limits that previously applied to the First Home Loan Deposit Scheme. The move has been welcomed by property market and real estate insiders, who have claimed that the previous caps were not in line with how expensive it can be to buy in our capital cities, considering that the average house price in Sydney has now surpassed $1 million.

Assistant Treasurer and Minister for Housing, Michael Sukkar MP, has commented that the changes to the FHLDS have been designed to ensure that people from all walks of life can still afford to buy a house in Australia.

“We know how difficult it can be to buy a new home or re-enter the housing market, and that saving a deposit is the hardest part of getting into home ownership. The First Home Loan Deposit Scheme has been a landmark success of the Morrison Government since its commencement in 2020. 30,000 First Home Buyers have been supported into home ownership through First Home Loan Deposit Scheme and New Home Guarantee already.”

From July 1 2021, the following increases on the FHLDS property price caps will come into effect.

Table: First Home Loan Deposit Scheme and Family Home Guarantee property price caps

The capital city price thresholds also apply to regional centres with a population over 250,000 and recognises that dwellings in regional centres can be more expensive than other regional areas. Examples of these exceptions include Newcastle and Lake Macquarie, Illawarra (Wollongong), Geelong, the Gold Coast and the Sunshine Coast.

Your Secret Weapon In The Property Market

When it comes to navigating the property world, knowledge is power – so why not book yourself into one of Madd Loans’ free First Homebuyer Workshops? Conducted completely online in a webinar format, George and the team at Madd Loans run participants through the world of finance when it comes to your first home loan. This digital model provides flexibility if you’re trying to work around your employment, and is also conducted in a #CovidFriendly manner.

Since their inception in 2012, Madd Loans have worked tirelessly in providing over 1,700 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, George takes great pride in making the mortgage process both fun and educational – and he has a swag of awards to prove it.

During the free online workshops, George shares his tips, tricks and even his own mistakes along the way to ensure that you get pre-approved the first time and gives participants the tools to fast track them into their dream home. It’s worth noting that attendees are under no pressure to follow the process with the team at Madd – the concept is simply to pass on the Madd financial knowledge to buyers so that they feel empowered throughout their journey into their first home.

If you would like to know more about learning how to save for a house deposit and the other things involved with buying your first property, please contact the team at Madd Loans today to book in your place at the next free First HomeBuyer Workshop.

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