The Queensland government has announced the first two locations for interest-free loans designed to help eligible Queenslanders secure private tenancy and avoid debt associated with payday lending. The Set-up and Rent Sustainment loans will be be available first at Cairns and the Gold Coast. The loans will be available up to the value of $2000, are interest and fee-free and repayable over 18 months. In particular the loans will be targeted to those with net incomes less than $45,000, young people leaving care, women escaping domestic violence, people from culturally and linguistically diverse backgrounds, homeless people, and seniors. The loans will only be available through the initial Queensland Good Money Stores located in Cairns and Southport with a planned future rollout across the state. For more information, visit the Good Money website.
