Ownlea
Rent with Purpose
Get into the details
Ownlea is bridging the gap between renting and owning, so you can secure your dream home without the significant upfront costs.
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This means that while you rent your home you can lower the cost to purchase over time.
Next steps
The following is an overview of the steps to move into a property with Ownlea
How the payments work
Ownlea payments are simple. There are two payments for Ownlea, the first, "Rent Plus" includes your rent, utilities and all building costs wrapped up to maximise savings. The second flexible payment is your "Ownleaship Payment". Ownleaship payments are any amount over your Rent Plus payment and directly lower the cost for you to purchase the property.
Rent
Our rent is an all-inclusive fee that covers rent, utilities and maintenance costs typically incurred by property owners.
The price is based on a fixed percentage of the property's value - usually 3.5%.
Ownleaship
Ownleaship payments are flexible. That means you can pay as little or as much as you would like up to a maximum of 4% of the purchase price per year.
Purchase Price
The purchase price is determined by how much you have paid in your Ownleaship payments.
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The faster you save, the lower the cost to exchange. With Ownlea, we let you ride along with the capital growth of the property with us so you arn't left behind if property prices accelerate.
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How the Property is Valued
When you enter into an Ownleaship Agreement we outline a guide of how much you will pay over that period of time and how much of a discount on the agreed price you might be eligible for subject to meeting your Ownleaship goals.
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Using a $680,000 apartment as an example we will show how a typical Ownleaship agreement is structured and how much you might need to pay to convert the property into a traditional mortage.
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To estimate apartment growth, we will look back at the historic growth for the median Sydney unit price between 2013-2019.
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Past performance is not an indicator of future performance.