To lock in your selected property, you will be required to pay the Kickstarter fee equalling 1.1% of the Initial Home Value (incl. GST).
Paying this fee demonstrates you are serious about becoming a homeowner. It allows us to prioritize you over other applicants and get to work facilitating the paperwork between you and the participating landlord.
So as an example, if the property you've chosen is $700,000, your total Kickstarter Fee will be $7,700 (Incl. GST)
This fee shall be fully refundable to you within 10 business days if you elect not to move forward with renting-to-buy a property, and, DO NOT execute any subsequent agreements facilitated by us, incl. the Agreement to Lease.
In summary, PublicSquare's 1.1% Kickstarter Fee is a much easier and more manageable amount to save when compared to a home loan deposit which may also require LMI.