Coposit Partners With Commonwealth Bank To Revolutionise Home Buying

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Innovative Fintech Platform and Australia’s Largest Home Lender Team Up to Make Homeownership More Accessible.

In a groundbreaking move set to transform the property market, Coposit, a cutting-edge proptech platform enabling buyers to pay home deposits in instalments, has secured an exciting accreditation agreement with the Commonwealth Bank of Australia (CBA). This landmark partnership is set to reshape the way Australians can fast-track their journey to home ownership. 

As Australia’s largest home lender, CBA’s recognition of Coposit’s project sales as qualified sales highlights the innovative nature of the deposit-taking platform. The rigorous qualification process used by Coposit to assess buyers looking to secure off-the-plan apartments and houses is now validated by one of the nation’s financial giants, making CBA the first bank to endorse Coposit’s ‘pay as you go’ deposit model. 

Founded by visionary brothers Chris and Dan Ferris, Coposit has been making waves in the property industry.  By allowing buyers to secure a home with a minimum deposit of $10,000 and make weekly, interest-free payments during the construction phase, Coposit eases the financial burden traditionally associated with home buying. 

Participants on the Coposit platform are thoroughly vetted to ensure their capability to make weekly payments and complete the purchase at settlement. This stringent process has now been recognised by CBA, providing developers with pre-committed sales that assist in securing project funding. 

Several major developers, including, Frasers Property, Lewis Land Group, Third.i, Mulpha, Creation Homes, and Hirsch & Faigen, have already adopted Coposit. The platform is on track to facilitate up to $1 billion in property sales for its developer clients in 2024. 

Already active across NSW, Queensland and the ACT, Coposit has helped hundreds of first homebuyers enter the market. The company’s portfolio is set to expand significantly by the end of the year, following its groundbreaking deal with CBA. 

With this new exciting partnership, Coposit is making the dream of homeownership a reality for many Australians, setting a new standard in the property industry.

Visit: www.coposit.com.au for more information