With PLATYPUS and AffordAssist Deferred Deposit Solution your home ownership/ investment journey could be achieved by:
You:
5%*
AffordAssist Deferred Deposit:
NO INTEREST
15%**
Home Loan:
80%
Property Purchase Price:
100%
*minimum $5,000 - **may vary up to 19%
Together
PLATYPUS is a charity registered with the Australian Charities and Not for Profits Commission (ACNC). Offers properties to purchase with the AffordAssist Deferred Deposit Solution.
Enabling you to achieve home/ investment ownership sooner
Once a property is selected, approval from AffordAssist is confirmed and a 1st mortgage loan approval is obtained, you can then proceed to settlement.
Eaton Vale
121 Eatonvale Road Tinana QLD 4650 (Maryborough)
Click to view project details > Small Lot - House and Land Packages
House and Land packages from: $530,500
Click to view floor plans > House designs - 2 bed and 3 bed
Completion date est.: June 2025
Deferred Deposit Property Sales - Platypus Exclusive:
> Initial part-deposit, from $5,000
> Defer balance, est. 19% deposit ($101,100 - No Interest)
> 80% LVR loan (no LMI)
QLD Gov grant, doubled from $15k to $30,000 - limited time
*Live-in scenario: 6.45% P&I loan repayments $615.41 per week
*Investment scenario: 6.10% Interest only loan, weekly rental $400 and depreciation, estimated cash flow (request PIA): cost $100 per week
AffordAssist
Intending Purchasers apply to AffordAssist for a “Deferred Deposit Agreement” (DDA).
The DDA is an arrangement where purchasers typically pay 10% of the purchase price over 60 equal monthly payments, without interest.
Think of, tap into the equity of property sellers willing to ‘pay it forward’.
This is achieved via an AffordAssist DDA with a willing property vendor whereby they typically defer receipt of 10% of the purchase price over a 5-year term, again without the vendor receiving any interest.
AffordAssist industry leading governance provides a proven system for managing risk, the Deferred Deposit Agreement (DDA), Settlements and the DDA payments. Thus protecting all the stakeholders.
Eligibility
Suitable for applicants with an income but not the full cash-deposit.
Eligibility to secure a Home Loan is based on the applicants annual income and outgoings including payments under the Deferred Deposit Agreement (DDA).
Together with an AffordAssist accredited mortgage broker, AffordAssist may provide approval for a Deferred Deposit Home Loan within a few days.
100% Title Ownership
Once a property is selected, approval from AffordAssist is confirmed and a 1st mortgage loan approval is obtained, you can then proceed to settlement.
At settlement the purchaser becomes the proprietor of the property.
Pay the deferred amount, No Interest, Two options:
1) By ‘lump sum’ PLUS the Shared Equity portion within 10 years; or
2) 'Periodically’ within 120 months. No shared equity. Limited packages available.
Customer Care
Owning your own home can be one of the most rewarding life experiences, made much easier with the right team on your side.
The AffordAssist governance and service process are in place for the protection and interest of all stakeholders. Includes accredited professionals who understand AffordAssist to ensure your successful property purchase.
Right through the entire service process you are assisted by a dedicated AffordAssist customer care team member.
AffordAssist will initially determine your eligibility for the AffordAssist program, with two important forms to complete.
Customer Care
Book a short 10-15 minute Explain Service call, how a Deferred Deposit Home Loan may work for you. Available 7 days, 8am to 8pm. Click here