“Helping Australians Keep the Dream Alive”
If we can’t get you into a home, it simply can’t be done
Owning the First Home or even getting you in the home market for a lot of Australians is becoming close to impossible, especially in recent years.
It seems that the 21st Century discarded many dreams that most Australians held dear by the wayside in the process of just making ends meet.
The Genesis program aims to offer a cost-effective and realistic approach for more Australians to enter the Home and Property. The Genesis Program brings together Australia’s Leading Property Developers and Builders to build a one-stop shop for First Home Owners without a deposit.
- The program is Australia’s leading“NO DEPOSIT HOME LOAN.”
- The program is about helping young Australians “Realise the Dream of Home Ownership.”.
- The Genesis program has been operating for 3 years and helped hundreds of Australians into the property market.
- The program is a Joint Venture between Enigma Property Group and Australian Premier Builders and Developers
Enigma Property Group Consultants are facilitators, We are not Real Estate Agents, we are not Bankers what we do is facilitate the process of home ownership for youthful Australians who do not have a deposit.
The Enigma Property Group has found that it is near impossible for young Australians to get out of the Rental Cycle, saving a deposit while paying rent leaves the door closed to a majority of Australians who wish Realise the Dream of Home Ownership.”.
Enigma Property Group through its Genesis Program works directly with First Homeowners to facilitate the process of Home Ownership. We take the appositive approach to your financial needs. We invest in our own culture, creating relationships that transcend transactions and promote partnerships.
How Do We Do It
The program starts with a positive approach, our consultant’s partner with you to facilitate the process, We realize every client is different, and every client has unique needs. At our first meeting, we discuss the possibilities of you becoming a Genesis Program precipitant. Our motto is “If we can’t get you in a Home, it simply can't be done.”
The Genesis Program is a 6 Step Program
Step 1 – The First Home Owners Grant (FHOG)
Each state government offers First Home buyers access too funding to help you get into the property market. Click Here to find out what you are entitled to do.
To be eligible you must pass the following requirements –
- Never Owned a home in before
- Be an Australian Citizen or
- Permanent Residence Status
- Your Partner has not owned a home before
- Must be a New Home (Never Lived in )
- You must reside in the Home for 6 months after completion
Step 2 – Good Credit Rating
- You must have a good credit rating that means No Defaults
- We provide you with a Veda File on your Status before proceeding
Step 3- IncomeYou must be able to service a loan, the amount you need to earn will depend on your circumstances that is your current debt, your personal details, and your partners' personal details
Our consultants will have your borrowing capacity worked out before we meet with you to discuss homes.
Step 4 – Genuine SavingsMost Banks today will want you to have genuine savings of at least 5%. An average Loan of $450,000 means you need to have $22,500.00 in a Bank account for 3 months to have genuine savings.
For Most Young Australians this is impossible!
The Genesis program works in conjunction with the Westpac Banking Group
Westpac – St George- Rams
The Westpac Group have come up with a very unique inactive that allows you to use your Property Lease as Genuine savings. What this means is if you have been renting a property for the last 12 months for say $450.00 per week, you have paid $23,400 in rent, the bank regards this as genuine savings.
You will need a letter from your Real Estate Property Manager confirming. Please note at this stage Westpac is the only Banks allowing a Rental Ledger to be used as Genuine Savings
Step 5 – ValuationThe property we facilitate for you must value to the cent, the banks will send an independent property valuer to value the House and Land Package. We only work in Estates where we know the land values. The Builders we work with know the sqm rate that bank values use.
All our homes are over 220m2, they are 4 bedrooms, 2 living rooms, and 2 Bathrooms, and we only do total turnkey packages. All our Homes we offer Value to the Banks REQUIREMENTS
Step 6 – Funds to completeWhilst our Genesis programs are 100% finance you will need to put down $1,000.00 for your land, this is paid directly to the Land developer to take the block of land off the market AND WILL COME OFF YOUR PURCHASE PRICE
You will be able to borrow 97% of your Valuation price there will be a 3% shortfall that we finance for you through our own means, the finance provided is Interest-Free over 5 years from a company Called EquitBanx
The EquitiBanx loan interests 3 over 3 years, we organize an Interest only loan from the bank for 3 years that allows you to pay EquitiBanx back at an affordable rate.