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Our Equity Booster enables young professional FHBs (singles or couples) to partner partner with institutional capital to access up to 15% of the value of the property as equity.
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Who this product helps?
Designed for ambitious young Australian professionals, our Deposit Booster aids eligible first home buyers by providing funds for their home deposit.
John Smith
Young lawyer
“I knew I was on track for a salary increase in 6 months’ time, but the home of my dreams came on the market earlier than expected. I used a Deposit Booster to buy where I wanted, when I wanted without the stress of buying with a lower amount of deposit savings.”
Angelina Jolie
Engineer
“Mum and dad said that they would help me buy a house, but I wasn’t comfortable having them give me a large amount of their life savings as a gift. Generate Homes Deposit Booster gave me the funds I needed to jump on the property ladder.”
Elon Musk
Designer
“I love where I live, but I can’t afford to rent and save for a deposit to buy the apartment in this area. Knowing I can use a Deposit Booster has given me the ability to start my home-hunt now in the areas that I want to live, while still enjoying my life.”
Product details
Quickly compare how this product relates and compares to our other tailored solutions to help you get into your first home quicker.
Type
Equity Investment
Booster Partner
Generate Home or nominated family member
Funding limit
15% of property value
Term
5 years
Repayment triggers
Refinance of underlying mortgage or sale of property
Repayment options
Repay the Invested Amount plus accrued fees
Minimum deposit provided by you
5% of property value
Fees
A monthly servicing fee of x% is payable each month
Closing fee
A closing fee payable on repayment of the invested amount