HOW R-T-O WORKS
1. PRE-APPROVAL
At XPANDECO, we understand that financial and employment circumstances are crucial factors when it comes to making important decisions. That's why we make it easy for you to get the support you need. Our pre-approval process is quick, taking only around 5 minutes of your time, and does not impact your credit score. We'll ask you a few questions to assess your situation and provide you with the best options available. Once you're pre-approved, we'll connect you to one of our friendly Application Managers who will guide you through the rest of the process, ensuring a smooth and stress-free experience. We're committed to helping you achieve your goals and are eager to assist you every step of the way.
2. YOUR NEW ECO-HOME
After successfully obtaining full approval, you're now equipped to embark on the exciting journey to a new eco-home that aligns with your financial capabilities. With this crucial step, you can utilize your buying power to its fullest potential. Once you solidify that the property meets your requirements, you have the opportunity to secure it swiftly and confidently. By making a 2.5% jumpstarter contribution, you can ensure that the home of your dreams does not slip away. This contribution acts as a solid guarantee, setting you on the path to homeownership and marking the beginning of a new chapter in your life.
3. WE’LL BUILT IT FOR YOU
XPANDECO is committed to providing an exceptional customer experience in every aspect of property development. When you choose a property with us, you can rest assured that we will handle all the necessary steps, from the initial stages to the final settlement. Not only will we build the property of your choice, but we will also take care of all settlement and transaction costs, including stamp duty. We understand that every individual has specific requirements and preferences, which is why we give you the opportunity to decide on certain design features and the interior look that suits your needs. Our dedicated team will manage all negotiations and conveyancing to ensure that you get the best possible starting price for your dream property. At XPANDECO, we are committed to making your home ownership journey smooth and enjoyable.
4. MOVING IN & OFFSET
At XPANDECO, we strive to make the home buying process as seamless and affordable as possible. With our unique offering, you can move into your new home immediately after construction is complete. We understand that purchasing a new home requires careful financial planning, which is why we have developed a rental model that supports our customers' journey towards homeownership. In this model, 60% of your weekly debit is considered rent, enabling you to enjoy the benefits of living in your new home. The remaining 40% is accumulated into your purchase offset, allowing you to build equity and take steps towards eventually owning your dream home. Our goal is to see our customers build up around 5% purchase offset in their homes each year, through a combination of contributions and equity uplift. Moreover, to provide even more ease and convenience, all bills and utilities are covered under your fixed weekly payment amounts. We are committed to helping you make your new house a home without the financial burdens typically associated with homeownership.
5. BUY OR SELL
At XPANDECO, we offer a unique opportunity for homeownership with a base price that appreciates at just 3.3% per year. This rate is less than half the national average between 1993-2018, making it an enticing proposition for potential buyers. What's more, you have the flexibility to buy the home from us after just 24 months by switching to a regular home loan. This means that you can take advantage of your contributions and equity uplift as your deposit, offering a seamless path to ownership. Additionally, we give you the option of requesting a sale of the property and receiving reimbursements for your purchase offset or even a potential profit, depending on the market's performance. This option can be especially useful if your plans change or if you encounter difficulties in obtaining a mortgage. To fully understand the terms and conditions of our offering, we recommend carefully reviewing our helpdesk articles and speaking with your dedicated application manager. Remember, the first step towards homeownership is to get pre-approved, which only takes around 5 minutes and has no impact on your credit score.