+ Why should I choose Home2Own?

Home2Own is Queensland’s most innovative rent-to-own model and a solution to the housing affordability crisis.

We are everyday Australians just like you and believe the security that a roof over a person’s head provides cannot be measured in dollars.

We offer an affordable and alternative path to home ownership that can have you in your own home today, with only a 2% deposit upfront.

We incentivise you to secure housing affordability and to stop renting and start living. If you successfully settle within 24 months, you will be entitled to the H2O Contract Completion Incentive, equivalent to 50% of all rent paid throughout your rent-to-own journey.

Who else is doing it like us?

+ How does H2O make its money?

H2O is built on affordability, responsibility and transparency. We make our money through your rental payments and capital growth at settlement.

+ What criteria does H2O use to assess my eligibility?

H2O does not hold a Credit Licence or an Australian Financial Services (AFS) Licence, we do not offer finance.

We will connect you with professional mortgage brokers that will ascertain your financial position and support you on your journey towards home ownership.

+ What type of homes are available?

H2O acquires established homes in South-East and Regional Queensland that are ready for you to occupy today.

+ Can I get a new house and land package through H2O?

Unfortunately, we only offer established homes and not new house and land packages at this stage. We are looking forward to expanding our offering in the near future.

+ Can I choose a property of my own?

No, you can only choose a property within our property portfolio. You can inspect and walk through anything you like.

+ How are the available homes chosen?

The H2O team leverage their deep market insight and historical expertise in the South-East and Regional Queensland property markets to carefully select and acquire each established home. We even physically inspect each property ourselves.

+ How actually owns the home?

H2O is the legal owner and no title changes hands until settlement, once the full deposit is contributed and you are approved for a mortgage. However, you are considered the tenant-buyer. You stop the property clock and purchase the property from H2O under contract on day 1, all by contributing a 2% deposit upfront.

+ How do I know this is legal?

H2O is proud to have designed a Contract Suite which is compliant with the Real Estate Institute of Queensland (REIQ) regulations and the Queensland Property Law Act. The Contract Suite has been independently reviewed by leading Queensland Property Barristers and Lawyers, ensuring it is fair and equitable for all parties.

+ Do you offer finance?

NO. H2O does not hold a Credit Licence and does not offer financing.

+ Do I pay interest or any additional fees?

NO. H2O does not hold a Credit Licence and does not offer financing.

+ What do I need to get started?

You don’t pay H2O anything. To enter into our Contract Suite and occupy your own home, you make a 2% deposit contribution to a Regulated Trust Account.

For the avoidance of doubt, H2O cannot access any funds you contribute to a Regulated Trust Account.

+ What is the balance deposit I need to get started?

2% of the purchase price listed in your Contract Suite. On a property listed for $600,000, you will need a deposit of $12,000.

+ What do I need to pay each month? Are these payments locked in?

Throughout your rent-to-own journey, you make the following monthly payments.

• Rental payments to H2O, at a rate slightly above what you are currently paying.

• Instalments contributions to a Regulated Trust Account (think of these as your forced savings).

These payments are set from day 1 and are locked in. You can calculate your monthly payments and contributions by using our interactive calculator.

+ What if I get cold feet?

The Contract Suite you sign is conditional on you carrying out your due diligence enquiries. You are essentially buying the property and locking in the current price. We do offer a 30-day cooling off period.

Any deposits you contribute are ALWAYS refunded to you.

+ What if my circumstances change and I can no longer rent-to-own?

We are everyday Australians ourselves; we understand circumstances change and the unthinkable may happen. We empathise with you and are here to help.

If you cease your Contract Instalment Suite, you will ALWAYS be refunded all deposit and instalment contributions made.

You will not be refunded any rent paid throughout your rent-to-own journey.

+ What if I cannot settle within 24 months but want to continue renting, until I am approved for a mortgage?

You are able to continue renting until you are approved for a mortgage. You will continue to be required to make monthly rental payments and instalment contributions.

However, you will only be entitled to the Contract Completion Incentive if you succesfully settle within 24 months.

+ You said I am paying more rent. How much more?

Depending on the home you choose, your rental payments may fluctuate between $100 - $300 more than you are currently paying per week.

However, remember, if you are able to succesfully settle within 24 months, you are entitled to the H2O Contract Completion Incentive equivalent to 50% of the rent you’ve paid throughout your rent-to-own journey.

+ Who pays the insurance?

H2O pays the building insurance and you pay for any contents insurance. Same as renting. This changes when the title changes hands at settlement and you become the owner.

+ Who pays Body Corporate fees and utilities?

H2O as the legal owner of the property. Same as renting. This changes when the title changes hands at settlement and you become the owner.

+ Who pays for any repairs & maintenance?

H2O as the legal owner of the property. Same as renting. This changes when the title changes hands at settlement and you become the owner.

+ What if I want to improve the home?

H2O has allocated a signficant capital expenditure budget to each property. Our specialist property management team are ready to go!

+ Do I have to pay Stamp Duty at settlement?

Generally yes, however you may be exempt from paying stamp duty in Queensland as a first-home buyer.

Please note that potential concessions or exemptions may apply in respect of your personal facts and circumstances. See for yourself.

+ Am I eligible for the First Home Owner Guarantee I've heard about?

Unfortunately not, the First Home Owner Grant only applies when you buy or build a new home. The H2O Property Portfolio only includes established, already built homes at this stage.

+ That's a shame. Is there any other government support available to me?

Yes! You may be eligible for the various forms of government support available to first home-buyers. See for yourself.

+ Can you help me get a home loan?

We cannot provide financing. We will connect you with your personal mortgage broker who will guide you through the process and facilitate your pre-approval through a licensed lender.