Meet the real estate agency which directs 100% of profits back into the community

Last week, we were thrilled to officially celebrate the first birthday of our not-for-profit real estate agency, Elevate Residential at the Brisbane Powerhouse.

Elevate Residential is a real estate agency with a genuine community purpose, a game changer in the real estate market. Elevate operates like any other agency with one difference – 100 per cent of profits will be directed back into its charitable partner Brisbane Housing Company (BHC) helping those with housing needs.

BHC CEO Rebecca Oelkers said Elevate would play a key role in helping BHC realise its vision of increasing affordable housing supply in Brisbane and creating better outcomes for tenants.

“Housing supply continues to be an issue across Australia and it is completely unacceptable that we have so many people with complex housing needs homeless or living in unsatisfactory accommodation,” she said.

“BHC wants to continue to do more to address these housing needs but to do this we need to be entrepreneurial in our approach to funding and service delivery.”

Ms Oelkers said Elevate Residential was a licensed, professional real estate agency that was already achieving strong results for landlords and sellers.

“All funds generated by Elevate will help create an investment pipeline for us to be able to deliver a range of services and programs to assist our tenants achieve their potential across all aspects of their lives,” she said.

“These programs respond directly to the needs of our residents, ranging from bursaries for our school children, to services for women and children who have experienced domestic violence and participation opportunities for tenants with disabilities.

“This is the part we are very passionate about, not just providing our tenants with a home but truly helping them make a difference to their lives.”

Read full media statement here