Karalee Community Branch

It all started with people

Karalee is a wonderful semi-rural suburb on the western outskirts of Brisbane. For many residents, community spirit is one of the best things about living there. And with only one shopping centre, spotting a series of familiar faces out and about was an easy task. However, despite all the benefits and convenience of living in a smaller community, residents had long felt the need for easier access to local banking services.

After looking into other options, local community members opted to partner with Heritage Bank to bring a Community Branch to the area. In December 2005, local investors from Karalee-Karana Downs-Mt Crosby’s district raised $200,000 in capital to help set up the Karalee Community Branch. And now, as a joint-venture between Heritage Bank and the local community represented by Community Capital Company Ltd, a share of the profits from the branch are distributed back to the community in the form of Community Grants. These grants are used to support charities, sporting clubs and other local organisations in the branch footprint.

Ongoing success

Since opening, Heritage Karalee Community Branch has invested more than $1.7 million back into the Karalee community including grants. The community grants have enabled local organisations to complete numerous essential projects that may have never been possible if it wasn’t for this mutually beneficial relationship between Community Capital Company and Heritage.

Here are some of the latest organisations we’ve been able to support:

Name of organisation



Colleges United Football Club

New playing jerseys


Karalee Twin Rivers Junior Rugby League Club

Rebuilding flood-damaged club facilities


Mt Crosby State School P & C

Purchase of a trailer for recycling and sporting activities


Mt Crosby Basketball Club

Yearly court hire costs


Community Grants - profits back to the local community

If your community group is from the Karalee area and would like to apply for a Community Grant, please contact your local Community Branch for more information.

Meet the Team

Karalee Community Branch Manager Scott Smith comes from a strong customer service and banking background, having previously worked in high level positions at Heritage branches in Toowoomba and Highfields. Having started at the ground level before working his way up to Branch Manager, Scott understands the intricate nature of banking processes and always seeks to respond to customer enquiries in a timely manner. Scott lives and breathes Heritage's "People First" philosophy, and always looks for ways to look after his valued customers.

Describing himself as "creatively social", Scott enjoys spending time with family and friends and is also a keen photographer. He also enjoys supporting local charities and events and his engaging and affable nature has allowed him to build great rapport with customers, staff and the community alike. Scott and the Karalee team look forward to assisting you with your financial needs. You can visit the team at Karalee Shopping Village or call 07 3282 8833.

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

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