1% deposit assumes genuine savings and eligibility for the first home owners' grant and subject to Keystart home loans lending criteria. Minimum deposit is 2%, of which 1% must be genuine savings, the remainder from FHOG proceeds.
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House and Land Package Pricing
House and Land package pricing per week example is based on the assumption that you contribute 5% deposit towards a house and land package plus all bank and government fees including Mortgage Insurance and Stamp Duty if applicable. This weekly repayment has been based on a loan amount of 95% making principle and interest repayments over a 30-year term with a variable interest rate of 5.00%. If interest rates increase during the loan term this would increase the weekly repayment.