If your struggling to save deposit for your home, then you may wish to consider this fantastic opportunity.

The property is brand new to the market and WILL NOT last.

You will need to have a secure income, credit history, supply proof of consistent and secure income.

Purchase – Option 1: Rent to Own

* Proposed sale price: $469,000
* Option length: 4 years
* Minimum deposit: $15,000
* Balance: $454,000
* Base interest rate on balance: 7% p.a. variable
* Net weekly repayment on balance: $611.15/week (interest only) or $696.57/week (interest & principle)
* Council rate, water rate (including usage) and building insurance: $66.5/week
* Total weekly repayment: $677.65/week (interest only) or $763.07/week (principle & interest)
* At the end of the option period, the tenant buyer may purchase the property at the fixed price. The deposit and the principle portion of weekly repayment will be credited towards to sale price.

Purchase Option 2: Instalment Contract (Own from Day 1)

* Proposed sale price: $469,000
* Minimum deposit: 10% – $46,900
* Balance: $422,100
* Base interest rate: 7% p.a. variable
* Refinance at any time
* Net weekly repayment on balance: $568.21/week (interest only) or $647.63/week (interest and principle)
* Council rate, water rate (including usage) and building insurance: $66.5/week
* Total weekly repayment: $634.71/week (interest only) or $714.13/week (interest and principle)
* When the property is refinanced, the initial deposit and the principle portion of weekly repayment will be credited towards the sale price.

Benefits to an immediate purchaser:

* Fix the purchase price now today and reap capital growth for tomorrow.

* Opportunity for excellent capital gain in the short term.

So imagine after 4 years, the price is likely to increase substantially, yet the purchase price is fixed.
* It will be significantly easier to secure finance from a funder/bank/lender when the market value will be much higher than the purchase price paid, which makes good investment sense.

* The vendor will allow quality cosmetic renovation to the property, which will further enhance the value from day one.

The property must be kept in good repair and with improvements will potentially increase the properties value from day 1.

* The vendor will allow the property to be re sold by the purchaser at the end of the 4 year term and pocket any capital gain.

The next step is, get on the phone and arrange a mutually convenient time to inspect!

N.B. Photo’s are for illustration purposes and do not include furnishings

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