Hi ,

Triggered by the Covid-19 pandemic, the housing market crisis in Queensland has caused people to look at fresh ways to get into homes. The 'Afterpay' style 'buy now, pay later' launched in Queensland, amid a housing shortage so chronic, it has sparked calls for build to rent to be extended to suburban houses. 

This includes a rent to own scheme backed by the Commonwealth Bank, with a call to extend the government's build to rent scheme to fringe suburbs to provide housing for key workers.

OwnHome, a technology backed start up, was founded to make homeownership accessible to everyone, by allowing approved middle-income buyers to save for their home whilst living in it. The initiative was created for 'the forgotten middle', who did not qualify for government help but couldn't save enough for a deposit.

You're probably wondering, how do the payments work?! 3% of a home's value is to be paid, a third of which goes into your security deposit; 65% of fortnightly payments go to rent, rates, taxes, maintenance etc. The rest builds a security deposit.

Looking to buy your next home? Give Chamberlain Property Advocates a call on 03 9686 2288 today. We are here to help. We offer a free consultation, so why not call today?