PHOTO: HomeStart Finance has achieved a record profit and helped almost 1700 customers into home ownership as it tackles head-on the housing affordability crisis crippling the rest of the nation, the lender’s annual report reveals. Source: Supplied

HOMESTART Finance helped one in six South Australian first homebuyers secure their home last financial year.

The SA Government lender’s annual report, tabled in State Parliament last week, revealed it approved 1674 home loans, worth a total of $432 million, in the past financial year.

This is about a 5 per cent increase on the 1599 loans worth $393 million approved during the 2015-16 financial year.