Yesterday, Federal Minister for Housing Clare O’Neil and Federal Treasurer Jim Chalmers met with Lakewood Co-op Members in Ringwood, Victoria. The Minister and the Treasurer heard firsthand how co-operative housing provides not just a place to live but a thriving community built on affordability, security, and shared responsibility.
The $12.4 million refurbishment of Lakewood Co-operative in Melbourne’s east was completed in early 2024. Jointly funded by the Federal Government and ACHA member, Common Equity Housing Limited (CEHL) — the refurbishment transformed 80 homes, providing Lakewood Co-op Members with secure, high-quality, and affordable accommodation.
CEHL’s Liz Thomas emphasised that co-op housing isn’t about short-term gains — it’s about delivering permanent housing solutions. “Co-operative housing is more than just bricks and mortar. It empowers members by giving them an active role in managing and maintaining their homes, fostering a strong sense of community and housing security.”
A huge shoutout to the Lakewood Co-op members for sharing their stories to help shape the future of co-op housing in Australia!