Property details
Land size:
158m2
Frontage:
6m
House size:
19sq
Orientation:
North
Low deposit finance options
| Solution name | Afford Assist | Bricklet | Coposit |
|---|---|---|---|
| Summary | AffordAssist is a housing programme created especially for first-time homebuyers. It is a business solution provided in conjunction with government programmes with the singular goal of boosting first-home ownership in Australia. The requirement for the full cash deposit is replaced by AffordAssist. You can purchase something today with a partial down payment and pay the remaining balance, often over the course of 60 months, always interest-free (fees and chargers will apply to access this solution) | Property Funds will purchase 20–40% of the equity in your house. You pay the participating lender your mortgage payments for the share of the house that is yours. You pay the investor an occupancy charge for the portion of the house that the investor owns. You no longer need to put aside the conventional 20% down payment thanks to this solution. There may be certain properties that require no deposit at all. Bricklet collaborates with financiers, real estate developers, and investors to make the process simple for you as they walk you through it. You will continue to have the bulk of the property's ownership and control rights. Both the market rental rate to the investor on the fraction they own and the mortgage payments on the component you own will be paid by you. The investor will get their share of the earnings if and when you decide to sell the property. | Secure your property with a preliminary payment of as little as $10,000 with Coposit, then pay the balance off in weekly instalments (which we refer to as "coposits") until it is ready. |
| Eligibility | 1. Your eligibility to secure a loan is based on your (and if applicable that of your property purchase partner) annual income; 2. AffordAssist collates the information including the Pre-qualification and Fast-Track Readiness forms and determine whether you are eligible for the AffordAssist program; and 3. It is essential you work with suitably trained AffordAssist service professionals who understand the AffordAssist process and Deferred Deposit Agreement (DDA) to ensure your successful property purchase. Our approved professionals includes: lenders, mortgage brokers, developers, property consultants, agents and the AffordAssist program governance solicitor. 4. Developer/Seller/Vendor acceptance of the AffordAssist program | Have an appropriate income to service their loan, to purchase residential property as an owner-occupier. The home loan is provided by AMP Bank. Dveloper/Seller/Vendor acceptance of the Bricklet program | Have an appropriate income to service their loan, to purchase residential property as an owner-occupier. Dveloper/Seller/Vendor acceptance of the Coposit program |
| Approved properties | Off the plan Brand new or previously lived in | Purchase any property as your home with this equity share model so long as the bank will provide the mortgage on the property as they may have their own criteria. | Off the plan |
| More info | https://www.affordassist.com/ | https://bricklet.com.au/ | https://coposit.com.au/ |
Home guarantee schemes
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Home grants & concessions
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