Partnership breaks down barriers to home ownership
In a first for the Gold Coast, home buyers purchasing off the plan will be able to secure their new home with just a $10,000 initial deposit thanks to a new partnership inked by Lewis Land and Australian proptech platform Coposit.
The Gold Coast's largest active masterplanned community, Harbour Shores by Lewis Land, is the latest major project to throw its support behind Coposit.
This month, Lewis Land unveiled its anticipated Palm House collection – a release of 60 two- and three-bedroom apartments immersed in a wellness precinct rivalling five-star resorts.
Coposit chief executive and co-founder Chris Ferris said the partnership would break down barriers to home ownership.
'Coposit is helping more Australians to access property by paying off the deposit for their new home or apartment while it's being built,' he said.
'It's about empowering buyers and helping projects get out of the ground sooner.'
Coposit enables qualified home buyers to purchase off-the-plan properties with an initial minimum deposit of $10,000.
Weekly, interest-free payments enable the buyer to pay the balance of the required deposit during the construction phase and finalise settlement through traditional financing channels upon completion.
Mr Ferris said demand for Coposit was rising, with major banks including CBA and NAB, as well as top non-bank lenders, now accepting it as a qualified pre-sale.
'Coposit has demonstrated incredible success across the market, onboarding 100 projects along Australia's east coast over the past three years, with a combined end value of $9bn,' he said.
'Investors account for more than 40 per cent of buyers, followed closely by first home buyers, and then downsizers.
'Interestingly, Coposit is also being embraced by luxury property buyers who want to keep their deposit funds in their accounts for longer.'
Mr Ferris said home buyers were not charged any fees or commissions. Instead, developers pay a one-off fee on sales facilitated via Coposit.
In August, the Commonwealth Bank announced it had agreed to accept pre-sales secured through Coposit in residential development projects funded by the bank.
The 16ha Harbour Shores will deliver the Gold Coast's first 6 Star Green Star community for 4000 future residents. The first residents are on track to move in by late 2026.
A 25m lagoon style pool, tennis court, yoga studio and lawn, and community park are some of the world-class amenities provided to residents in the Palm House collection.
Lewis Land chief executive Brett Draffen said Palm House was immersed in recreational amenities exclusive to the residents of the South Shore precinct.
'Palm House is the vibrant heart of the South Shore precinct and is centred around resident lifestyle and wellness experiences,' he said.
'The clubhouse will become a social hub, with indoor and outdoor entertaining options including a lounge, entertaining kitchen and dining spaces, alongside function rooms, a co-working space for those who work from home, a games room, and meeting room.
'It's very much a space for people who value wellness and sport as part of their lifestyle, balanced with the relaxed waterside living experiences this precinct celebrates.'
Located opposite Harbour Town Premium Outlets, the 16ha Harbour Shores masterplan will deliver a 'village of villages' where neighbourhoods are connected by landscaping, green spaces and pedestrian networks, including a 1.2km waterfront boardwalk, 1ha community park, and retail.
Harbour Shores will deliver more than 2000 homes over the next 10 years.
HARBOUR SHORES
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ABC News
33 minutes ago
- ABC News
Australia's solar waste piles up
Isabella Higgins: Australia's rooftop solar boom has been a runaway success, slashing household power bills and cutting emissions. But there lies a growing problem. The industry is warning of a looming tsunami of solar waste, with millions of panels being ripped out and no national recycling scheme in place. This story from national business reporter Rianna Whitson. Rhiana Wilson: Australia now has more than 4 million solar powered homes. Add in commercial sites and that's an estimated 150 million panels across the country. But they can have a limited lifespan. Jake Warner: So sometimes it can be workmanship, maybe an older system can fail. It's also increased technology. Rhiana Wilson: Solar panel installer Jake Warner says new federal battery subsidies are speeding up the transition and the waste. Speaker 4: I think post July 1 we'll see another uptick of those who have been looking into a complete solar and battery system from scratch. Rhiana Wilson: The Smart Energy Council says about 4 million panels are decommissioned every year, a figure set to double based on solar uptake alone, let alone batteries. Jake Warner says Australia is unprepared to handle the waste. Jake Warner: Right now the challenge is that we don't really have these recycling facilities ready at scale, like what I think we're going to need in the next 10 years or so. Rhiana Wilson: Currently, only about 10% of solar panels are recycled. The rest stockpiled, sent overseas, and to landfill. Darren Johannesson is from the Smart Energy Council. Darren Johannesen : In a solar module, there are metals that are in short supply, copper and silver. And in fact, the silver that's contained inside solar modules equates to, in its totality, Australia's biggest silver mine. So landfilling these modules is wasting critical resources. Rhiana Wilson: Darren Johannesson says it's costly for both the environment and the economy. Darren Johannesen : By 2035, there'll be a 30% shortfall in globally in copper. And so the IEA, the International Energy Agency, is recommending that all countries adopt a regulatory policy framework that encourages recycling, so that we can use urban mining to bridge that 30% gap. Rhiana Wilson: That'll require federal government action. Darren Johannesson says the industry has been waiting almost a decade for a mandatory stewardship scheme. That could involve a levy and manufacturers taking some responsibility for what happens to decommissioned panels. Darren Johannesson says without one, recycling solar panels doesn't stack up economically. Darren Johannesen : There's a sense of general optimism that the government will act. And so investors are still prepared to invest. But for how long they'll stay in the market is anyone's guess. Nine years is a long time to be waiting for a national scheme. The time to act is now. Isabella Higgins: Darren Johannesson from the Smart Energy Council, ending that report from business reporter Rianna Whitson. And in a statement, the federal government has acknowledged the importance of saving critical minerals from landfill, but hasn't said when a stewardship scheme for solar panels will be in place.
News.com.au
an hour ago
- News.com.au
Jacqui Felgate buys $4.35m luxury Mornington Peninsula retreat
Jacqui Felgate has joined the Mornington Peninsula elite, snapping up a $4m-plus eco-luxe estate with husband Michael and their two daughters. Property documents confirm the couple purchased the over-7ha property earlier this year, finalising the sale in February after a month-long campaign. The 3AW Drive presenter, former 7News anchor and now prominent digital commentator referred at the move on her Instagram page, telling followers she had 'finally bought' while posting a series of images tagged to the Peninsula, including a cosy shot of herself in front of a striking two-way fireplace. The home, built with blackbutt and silvertop ash timber, wraps around the fireplace and showcases sweeping views through double-glazed windows. A sundeck runs the length of the home, with the open-plan kitchen and dining zone finished in high-end stone, a Falcon range, and a butler's pantry. The estate also has a separate wing with three bedrooms, another fireplace, and a designer bathroom with a luxurious bathtub. The home's eco credentials are boosted with a solar and battery system, while the rich Mornington Peninsula soil profile makes it suitable for a vineyard or primary production. An industry source familiar with the sale said the home offered 'exactly what high-end buyers are chasing right now, privacy, lifestyle, and a low-maintenance architectural design that blends into the landscape'. 'The market in that part of the Peninsula has held up well. Quality homes like this, especially with acreage and strong sustainability features, are still commanding attention,' the source said. Records show the property was listed with $5.3m-$5.6m price hopes, before selling for $4.35m. The listing agent declined to comment on the sale. The new home offers a peaceful escape minutes from some of Victoria's best restaurants, wineries and walking trails.
News.com.au
an hour ago
- News.com.au
Sprint sensation Gout Gout's ‘crazy, big-money' sponsorship sacrifice to stay in Australia
Gout Gout has turned down massive sponsorship offers because they required him to move away from Australia. All of the biggest sporting companies around the globe have come calling for Australia's schoolboy sprint sensation, flashing big-money deals but with strings attached. These included moving overseas to high-end training facilities in places like Jamaica, the home of the world's fastest man Usain Bolt. But Gout's manager James Templeton has repeatedly knocked back the advances, preferring to leave the 17-year-old around his family and current support system with coach Di Sheppard in Ipswich. After breaking Peter Norman's 56-year-old national 200m record in December at the Australian All-Schools Championships, Gout signed one of the biggest deals in Australian athletics history with Adidas. 'JT (Templeton) told me how much they were willing to pay to get me on their side,' Gout told GQ. 'It was crazy. The number kept getting higher and I realised how much these companies think I'm worth. 'But that sponsorship really helps you get to the next level because obviously you need the money to travel and to train. Especially since I'm at school, so I don't need to go and find a job at Maccas or whatever to put fuel in my car. It definitely helps a lot.' Gout, who lives at home with his six brothers and sisters and parents who fled South Sudan 20 years ago, says he hasn't splashed out with any of his new-found riches yet. 'Long term, I'd like to set myself up and set my family up,' he says. 'I've saved a lot and I bought myself a new car when I got my Ps, so that's probably the biggest purchase I've made so far. I haven't gone crazy.' He describes the attention he's received since his breakthrough performances last year as 'crazy'. 'People asking me for photos and things of that nature, it's definitely surreal. It's crazy to think how far I've come. But it's given me perspective to see how far I can actually go, as well.' His next big race is in Europe during the July school holidays where he'll compete in the U/23 Diamond League event in Monaco before setting his sights on the world athletics championships in Tokyo in September. The full interview with Gout is in the June/July issue of GQ out on Friday.
