House prices going up faster than you can save for your deposit?

 

Additions to the family and need to upgrade but house prices are too expensive?

 

Are you tired of renting?

 

If you answered yes to any of these questions we may be able to help you.

 

Platypus have introduced a unique Shared Equity structure to assist people into home ownership where they may be short on the deposit or where the monthly income restricts the borrowing capacity.
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For example, you have a 5% deposit but can only borrow 80%. Therefore the shortfall of 15% makes it impossible to proceed.

 

Platypus' Shared Equity may provide the 15% equity the difference at NO INTERESTS or MONTHLY REPAYMENT OBLIGATION at settlement so you can complete the purchase and move in.

 

Also available to investors and SMSFs.
 

You simply enter into a ten year agreement with Platypus with the following options:

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• increase your equity during the term,

• buy out Platypus at the end of that period,

• roll over the arrangement into a new agreement or

• sell or refinance the property.

 
The concept provides the opportunity to buy your own home and move in, and enjoy living in your own home while you continue to save. 
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This facility is currently available on preselected properties in Sydney and Queensland with the intention of expanding into Melbourne, Canberra and Brisbane.
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This opportunity is available to owner-occupiers, first home buyers, investors and SMSFs subject only to meeting Platypus’ borrowing criteria.