We’re excited to announce a new home-buying assistance initiative for key workers
$40,000 towards your home deposit.
When your parents can’t step in, Mum & Dad Co. is here. If you’re a key worker, Mum & Dad Co. provides $40,000 to help you meet the 10% deposit required by big banks and removing the need for Loan Mortgage Insurance (LMI). There are no hidden catches, no interest, and no set repayment deadline, just like the help you’d receive from your own family.
This pilot project, a collaboration between Mum & Dad Co., Foundational Charity, Realtime Realty, and Yolk Property Group, aims to give back to the key workers who serve our communities by making homeownership more accessible.
PILOT PROJECT PARTNERS
HOW IT WORKS
- We provide up to $40,000 towards your deposit to help you meet the 10% bank requirement.
- There’s no interest, no deadline for repayment, and no personal guarantee required.
- You retain 100% ownership of the property, and all capital gains are yours.
- You are responsible for the upkeep of the property and mortgage payments.
- We lodge a caveat on the property title to ensure the funds are repaid only when you eventually sell the property (and only if there is profit after the mortgage is cleared).
- You’ll choose from a selection of pre-negotiated house and land packages, with bank valuations to ensure you’re getting the best deal.
- The first Pilot Project House & Land Packages are available at Watermark Estate in Champion Lakes with homes built by Summit Homes.
- We provide up to $40,000 towards your deposit to help you meet the 10% bank requirement.
- There’s no interest, no deadline for repayment, and no personal guarantee required.
- You retain 100% ownership of the property, and all capital gains are yours.
- You are responsible for the upkeep of the property and mortgage payments.
- We lodge a caveat on the property title to ensure the funds are repaid only when you eventually sell the property (and only if there is profit after the mortgage is cleared).
- You’ll choose from a selection of pre-negotiated house and land packages, with bank valuations to ensure you’re getting the best deal.
- The first Pilot Project House & Land Packages are available at Watermark Estate in Champion Lakes with homes built by Summit Homes.
To be eligible you must be:
- a key worker earning at least $90,000 annually.
- Couples can apply as long as one applicant is a key worker.
What qualifies as a key worker?
Key workers that currently qualify are Healthcare professionals. If you don’t qualify for this pilot project now, you can still register your interest for future opportunities.
List of Eligible Key Workers:
- Optometrist
- Pharmacist
- Veterinary Practitioner
- Audiologist
- Chiropractor
- Midwife
- Occupational Therapist
- Osteopath
- Physiotherapist
- Podiatrist
- Psychologist
- Radiographer
- Registered Nurse
- Sonographer
- Speech Pathologist
- Doctor
- Dentist
- General Practitioner (GP)
WHO CAN APPLY
To be eligible you must be:
- a key worker earning at least $90,000 annually.
- Couples can apply as long as one applicant is a key worker.
What qualifies as a key worker?
Key workers that currently qualify are Healthcare professionals. If you don’t qualify for this pilot project now, you can still register your interest for future opportunities.
- Optometrist
- Pharmacist
- Veterinary Practitioner
- Audiologist
- Chiropractor
- Midwife
- Occupational Therapist
- Osteopath
- Physiotherapist
- Podiatrist
- Psychologist
- Radiographer
- Registered Nurse
- Sonographer
- Speech Pathologist
- Doctor
- Dentist
- General Practitioner (GP)
PILOT PROJECT TURNKEY HOUSE & LAND PACKAGES
Ready to see if you’re eligible?
Fill out the form below with accurate and complete information, and we’ll help you determine your eligibility for this program. Please check your SPAM folder if response email has not arrived with 24 hours.
