5% deposit • No repayments for 12 months*
Build now, pay later for your new home in Brisbane, Gold Coast or Melbourne.
Secure a new-build or off-the-plan property with just a 5% deposit and make no repayments for the first 12 months. Built for first home buyers and upgraders who don’t want to wait years to own in Brisbane, the Gold Coast or Melbourne.
- Buy now, pay later structure backed by leading lenders
- 5% deposit on approved properties in Brisbane, Gold Coast & Melbourne
- No mortgage repayments for the first 12 months
- Fast pre-qualification in under 60 seconds
No impact on your credit score to check. Takes less than a minute.
How HomePay style build now pay later works
Move sooner with 5% down and no repayments for 12 months.
We’ve simplified the journey so you can secure a property now and step into repayments later.
1. Get pre-qualified online
Tell us about your income, savings and the area you want to buy in. In under 60 seconds we’ll show if a 5% deposit, buy now pay later pathway could suit you.
2. Choose your property
Access a curated pipeline of new-build and off-the-plan homes across Brisbane, the Gold Coast and Melbourne that meet our build now pay later criteria.
3. Settle now, pay later
Secure your home with a 5% deposit. Move in or lock in your contract today, with no repayments for the first 12 months on eligible structures, giving you breathing room to plan ahead.
Where we specialise
Build now, pay later on the East Coast’s most in-demand markets.
Whether you’re chasing a lifestyle move or capital growth, our 5% deposit structure is built around high-demand corridors in:
- Brisbane – new townhomes and apartments close to key transport and employment hubs
- Gold Coast – lifestyle-led communities with strong rental demand and amenity
- Melbourne – growth corridors and infill locations with long-term upside
Brisbane
Emerging inner-ring neighborhoods with strong infrastructure investment.
Gold Coast
Lifestyle-led projects close to the beach, cafes and light rail.
Melbourne
Family-friendly estates and boutique projects in key growth suburbs.
Who this is for
You might qualify for 5% deposit & no repayments if you:
Exact criteria can vary by lender and property, but as a guide you’ll be in a strong position if you meet most of the following:
Ideal for
- First home buyers with strong income but limited savings
- Upgraders who haven’t sold yet but found the right property
- Professionals expecting income growth over the next 12–24 months
- Investors wanting to secure off-the-plan opportunities now
Typical requirements
- Stable Australian income for at least 6–12 months
- Clean credit history (minor defaults may be considered)
- Minimum 5% genuine savings or equivalent
- Buying an approved property in Brisbane, Gold Coast or Melbourne
Not sure if you fit? Complete the quick check and we’ll map out your options.
Real buyers, real moves
How 5% deposit & build now pay later changed their timelines.
“We were stuck renting in Brisbane and watching prices run away from us. With the 5% deposit and 12 months before repayments, we secured a townhouse we love and finally feel ahead of the market.”
Sophie & Michael · First home buyers · Brisbane North
“Our Gold Coast apartment was due for completion in 2026. The build now pay later structure meant we could lock in today’s price with only 5% down and focus on building our savings over the next year.”
James · Investor · Gold Coast Light Rail Corridor
“We always assumed buying in Melbourne meant a 20% deposit and years more saving. Instead, we moved 18 months earlier using a 5% deposit with no repayments for the first year while we settled in.”
Ana & Mark · Young family · Melbourne West
FAQ
Common questions about 5% deposit & build now pay later.
Every scenario is different. These answers are general in nature and don’t take into account your personal circumstances.
Is this the same as a traditional build now pay later product?
No. While we use the phrase “build now, pay later” to explain the concept in simple terms, these are carefully structured property finance pathways backed by regulated lenders. You’re securing a real property contract with a lower upfront deposit and deferred repayments, not using a retail BNPL app.
Do I really make no repayments for 12 months?
On eligible structures and subject to approval, your mortgage repayments can be deferred for up to the first 12 months. In some cases, interest may still accrue or be capitalised – your broker or lending specialist will walk you through exactly how it works before you proceed.
What’s the catch with a 5% deposit?
There’s no hidden catch, but there are trade-offs. Lower deposits can mean higher loan-to-value ratios, lender’s mortgage insurance (LMI) or slightly higher interest rates. The benefit is getting into the market sooner rather than waiting years to save 20%+ while prices move.
Can I use this for any property in Brisbane, Gold Coast or Melbourne?
Not every property qualifies. We focus on specific projects and price points that meet lender, valuation and risk requirements. Once you’re pre-qualified, our team can show you which homes and areas are currently available.
Will checking my eligibility affect my credit score?
Our initial 60-second pre-qualification does not perform a hard credit check and won’t impact your score. If you choose to proceed with a full application to a lender, they may conduct a standard credit check at that stage.
Next step
Check if you can build now and pay later with just 5% down.
Answer a few questions about your income, savings and where you want to buy in Brisbane, Gold Coast or Melbourne. We’ll outline your options and next steps, with no obligation.
- No impact on your credit score to check eligibility
- Personalised guidance based on your goals and timeline
- Access to a pipeline of BNPL-style properties in target suburbs
Disclaimer: The information on this page is general only and does not consider your objectives, financial situation or needs. It is not financial or credit advice. All applications are subject to lender credit assessment and approval. Buy now pay later style home pathways may not be suitable for everyone.