What is Coposit? | Allam

    9 April 2024

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    9 April 2024

    What is Coposit?

    Coposit is a groundbreaking property payment platform that enables buyers to secure their dream home with a deposit as low as $10,000. Allam offers a diverse range of homes, from those in the early stages of construction to off-plan properties, which seamlessly align with Coposit's flexible weekly payment plans.

    Coposit makes it easy with these 4 simple steps.

    1. Search and Connect

    The first step is to consult with the Allam Sales Team to explore Coposit-eligible homes that match your preferences. After that, you can use the Coposit calculator to determine your personalised weekly payment options.

    2. Get Coposit Qualified and secure your home

    Once you've selected your ideal home, place a $1000 reservation fee to hold the home while you become Coposit Qualified. Coposit will help you understand your weekly payment capability and future mortgage capacity. Once qualified you can then secure your new Allam Home with a minimum deposit of at least $10,000.

    3. Own while you save

    During the construction phase, you can easily manage your weekly payments through the Coposit app and slowly accumulate the full deposit.

    4. Collect your Keys

    As your home nears completion, so does your deposit, culminating in a smooth transition to settlement. When your home is ready, it is time to arrange your mortgage and make the exciting move into your new home.

    Discover Coposit, the revolutionary property payment platform that empowers you to own your dream home with ease and flexibility.

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    Find out more about EasyBuy.

    We make buying your new home easy - that's why it's called EasyBuy. There are no progress payments while your new home is under construction and we take care of all planning and building approvals. Our homes are all turnkey, both inside and out, with nothing more to do.

    • No Progress Payments
    • No Interest
    • Fixed Price
    • No Contract Variations
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