A rent to own pathway
Don’t have enough for a deposit and stamp duty? We’ve got you covered. OwnHome is a new path to homeownership that means you can live in your dream home now.
Five steps from Rent to Own
Apply for free in minutes
Submit your application online, get qualified and get your home shopping budget. It's free, fast, and won't affect your credit score.
~ 1 week
Find your dream home
Head to inspections to find your dream home—whether that’s with a new kitchen, a pool or both. You'll get help from a dedicated home buying expert who'll guide you through the buying process, and make sure your dream home is in top condition.
~ 1 month
OwnHome buys your home
We handle the negotiation, pay for the home in cash and cover all fees, stamp duty, closing costs and insurance. You make an initial payment of 3% of the selling price with 1% going straight to your security deposit.
~ 2 weeks
Move in and grow your security deposit
Get the keys and make it home, safe in the knowledge that with each payment you build up your security deposit with built-in contributions. Simple!
~ 10 days
Buy back your home
Buy your home for a guaranteed, pre-set purchase price when the time is right. OwnHome is for between 2 and 7 years, but if there's a change of plans, you can also move out anytime and it won’t impact your credit score.
With OwnHome, pricing is simple and straight forward.
To purchase the home, you make a one-time, upfront payment of 3% of your home’s value. 1% of your home’s value goes directly to your security deposit, which you can use to buy back your home at the pre-set price.
For a $1,000,000 home, you’d pay just $30K upfront.
Rent and Security Deposit
It’s simple to build up your security deposit because it’s built into your payments, meaning it’ll grow overtime. About 35% of your fortnightly payments go towards your security deposit.
For a $1,000,000 home, that’s about $500 per week in contributions to your security deposit.
Who’s a good fit for OwnHome?
If you can get approved for a traditional mortgage today, we say to go for it! But if not, OwnHome might be ideal for you.
You could use help saving up for a deposit
Saving up a 20% deposit can take years, even if you’re earning a great salary. With OwnHome, your security deposit contributions will grow over time as they are built-in to your payments. Simple!
You don't have access to the bank of mum and dad
The majority of first home buyers rely on financial support from family. With OwnHome, the path to homeownership starts with a 3% payment, meaning you don’t need to have help from your family.
You want to keep a rainy day fund
Pouring all of your money into a home at once can feel overwhelming. With OwnHome, you get into your dream home sooner and – if life changes – you’re not locked in for 30 years like a mortgage. Who says you shouldn’t be able to try-before-you-buy?
Banks have put you in the too-hard basket
Whether you’re a business owner, on a path to permanent residency or just started a new job (congrats, by the way), we can help get you on a path to homeownership.
You want a more competitive offer
OwnHome gives you the power of an all-cash offer, which is rare for first-time homeowners, and useful when going head-to-head against other bidders. We’re sticklers for rigorous valuations and negotiations too, so we get fair prices.
You've got questions,
When can I buy my home from OwnHome?
How does OwnHome make money?
What’s involved in the application?
Can I choose any home on the market?
Who covers the costs of homeownership?
Am I locked in?
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