BATTLE OF BRITAIN ‘LACE’
There are few positives that come from conflict, but the creation of the RAAF Veterans’ Residences Trust stands as an enduring exception. The Trust’s origins trace back to a remarkable episode during the closing months of the Second World War.
On 16 November 1944, an RAAF Sunderland aircraft from No. 10 Squadron played a crucial role in the capture of the German merchant vessel MV Rostock in the Atlantic. By locating and shadowing the vessel, the crew coordinated with nearby naval forces, leading to the successful interception and seizure of the MV Rostock.
Following the war, the Commonwealth Government made a forward-thinking decision: the RAAF portion of the proceeds from the sale of the captured MV Rostock—amounting to approximately $458,000—would be used to establish a welfare trust for RAAF veterans. This vision became reality when, in 1953, the Australian Parliament passed the RAAF Veterans’ Residences Trust Act. The purpose was clear and noble: to provide safe, affordable housing for RAAF veterans and their families facing hardship.
Air Marshal Richard Williams chaired the Trust’s inaugural meeting in November 1954, setting a standard for stewardship and service that continues to this day.
Unlike many government-owned charitable organisations, the RAAF Veterans’ Residences Trust operates as a self-funding entity. Its ongoing activities are primarily financed through rental income and investment income, supplemented with donations for housing upgrades, ensuring long-term sustainability and independence. The Trust is officially registered as a charity with the Australian Charities and Not-for-Profits Commission and enjoys deductible gift recipient endorsement, making donations tax-effective.
Governed by a dedicated group of voluntary Trust Members, the organisation maintains a lean operating model. This approach keeps administrative costs—and consequently, rental charges—to a minimum, allowing the Trust to maximise its support for veterans in need.
Over its seven decades of continuous operation, the Trust has steadily expanded its housing portfolio. Today, it owns and manages residential complexes in key Australian cities:
- Sherwood and Chermside in Brisbane
- Elizabeth Park in Adelaide
- Ashfield and Campsie in Sydney
- South Hobart in Hobart
- Sandringham in Melbourne
The Trust’s properties comprise 75 mainly 1-2 bedroom, partly furnished apartments. These homes offer comfort and security to veterans and their families, with the rent set on a sliding scale according to tenant income—ensuring affordability for those on limited means.
The Trust’s commitment to supporting veterans extends beyond housing. It works closely with organisations such as the RSL and Air Force Association, and is an active member of the Homeless Veterans Forum. These partnerships play a crucial role in identifying eligible tenants and ensuring ongoing support for veterans facing financial hardship.
As the RAAF Veterans’ Residences Trust marks over 70 years of service, its mission remains as vital as ever: to honour the sacrifice of Australia’s airmen and women by providing them with the dignity of safe, affordable housing. Born from the adversity of war, the Trust continues to embody the values of compassion, resilience, and mateship that define the Air Force community.
Further information about accessing Trust accommodation can be found at: https://raafvrt.gov.au/