4. Move in & build up deposit
Once you have been matched with an investor and property, you will pay a 1.1% Kickstarter Fee to PublicSquare to lock -in the deal, plus a standard rental bond.
After that you'll be able to move into your new home as soon as construction is complete. For house and land packages, that usually takes around 6-9 months giving you ample time to finish your existing lease and plan for the move.
After moving in, you’ll begin making additional 50% contributions on top of your weekly rent. This extra amount goes directly toward building your future deposit. For example, if your rent is $600 per week, you’ll contribute an additional $300, making your total weekly payment in Year 1 $900.
The rental portion of your payment may increase over time—just like regular rentals but capped at a 4% increase per annum—however, your contributions will remain fixed throughout the term until you purchase the home.