Upfront Expenses

1 min. readlast update: 12.28.2023

If the property is being purchased on your behalf, PublicSquare or the participating owner will cover all the initial upfront expenses of acquiring the property, including stamp duty, conveyancing, insurance and so on. 

If you choose one of our listed properties, the only upfront expenses you'll need to pay before you move in are the 3% Kickstarter contribution, which you can use towards your deposit when you buy the property, and a legal advice report which is usually around $1,000. 

You do not need to pay a bond (unless otherwise mandated by your state or territory or by some other ruling such as body corporate rules), nor do you have to pay Lender's Mortgage Insurance (LMI) or Stamp Duty, which could save you tens of thousands of dollars upfront. 

However, depending on factors such as your mortgage type and the final purchase price of the home, LMI and Stamp Duty may apply when you switch to a mortgage and complete your purchase of the home.

Was this article helpful?