New – Home Ownership Policy (1st Home Owners)
Dear members,
The Yinhawangka DMC & Council have approved a one-off Home Ownership Policy. This is available for members who do not already own a property.
The policy covers a deposit of up to $125,000 or 20% of the property price whichever is the lesser amount, for 20 members.
These applications will be reviewed by the DMC & Council prior to an approval being issued.
Offers to purchase a property must be subject to the Applicant being approved for finance to complete purchase of a property within the current financial year OR subject to the applicant having sufficient funds to complete settlement within current financial year, and they can demonstrate this by way of Wealth Creation funds, Wealth Creation assignments (gifting from other beneficiaries) and/or savings.
For complete information on this policy, including the process steps and the application form to be completed by the beneficiary, please refer to the Home Ownership Policy Guide.
by Admin