Saving a deposit can take years while prices keep climbing. Springboard Homes helps you buy now, with little or no deposit saved, through our unique community-fund arrangement.
We’re not a bank, a broker, or a financial adviser. We’re facilitators — we check that you qualify, then connect you with our licensed broker team and our community fund to make the purchase happen.
How it comes together
- The community fund covers your deposit and upfront costs — including legals and stamp duty. You don’t need savings.
- A normal home loan from an accredited lender covers the rest, arranged through our licensed broker team.
- You move in and make repayments for five years — a bit above what you’d pay in rent.
- After five years, you refinance and the community fund is repaid — leaving you owning your home.
Who it’s for
- First home buyers stuck behind the deposit wall.
- A fresh start — after a separation, a business chapter that’s closed, or a past credit event now behind you.
You’ll need a combined income of around $150k, steady employment, clean credit, and to be an Australian citizen. Savings aren’t required. Available Australia-wide.
How it works · Am I eligible? · Talk to us
Springboard Homes provides general information only and is a facilitator — not a lender, mortgage broker, financial adviser or financial planner. This is not financial or credit advice. Consider your own circumstances and seek advice from a licensed professional before making any decision.