GREAT LOCATION BRAND NEW APARTMENT
The Shared Start Scheme is a West Australian State Government initiative to assist YOU achieve YOUR dream of home ownership.
Properties available under this scheme are offered for sale under co-ownership arrangements with the Department of Housing. An eligible Buyer can purchase 70% of a property, with the Department of Housing retaining the matching 30% share in perpetuity. You pay no rent or interest to the Department of Housing for their 30% share of the property. The price quoted is 70% of the value of the apartment.
Properties cannot be sublet or leased to other parties and the private co-owner can never acquire the Department of Housings share.
Properties may be sold at any time, but only to the Department of Housing using a Market Valuation process to determine the current value of a co-owners share.
For further details or a property viewing please phone Mark Gidvani on 0439 487 174.