Lee and Kerry are local emergency workers with a newborn child on the way. They are currently renting a 2 bedroom/bathroom townhouse in Toowoomba for $750 per week in rent, with $30,000 in savings.

Like many others, their rent has increased 30% over the past 24 months and they are fed up. Lee and Kerry are eager to enter the housing market and having been looking for an affordable, responsible and transparent path to home ownership.

Lee and Kerry hear about H2O and find their dream 3 bedroom, 2 bathroom and 2 car garage property in the H2O Property Portfolio. This property is listed for $625,000, but they do not have the standard 10-20% deposit saved.

Lee and Kerry are in luck!

H2O provides Lee and Kerry with the opportunity to move into their dream home today and they only need a 2% deposit upfront of $12,500. Lee and Kerry are introduced to their personal mortgage broker who will support them through their journey towards home ownership.

Lee and Kerry agree to enter into the H2O Contract Suite, enabling them to secure housing security whilst building their deposit throughout the rent-to-own journey, with the goal to successfully settle within 24 months and finally own their own home!

Lee and Kerry contribute their 2% deposit into a Regulated Trust Account and move into their dream home.

Over the next 24 months, Lee and Kerry pay $900 per week in rent and make instalment contributions of $130 per week into a Regulated Trust Account. Lee and Kerry's first son is born and he quickly settles into the family home in Toowoomba!

Fast forward 24 months and Lee, Kerry and their 18-month-old son are loving their life in Toowoomba and the security of a roof over their head. Through making rental payments and instalment contributions for a 24 month period, Lee and Kerry have built proof of deposit, proof of serviceability and proof of financial stability. Lee and Kerry are ready to truly own their own home.

Lee and Kerry receive pre-approval from the bank for their mortgage. Lee and Kerry are also potentially eligible for the Regional First Home Buyer Guarantee (RFHBG) concessions. Settlement day comes and Lee and Kerry have secured their bank loan for the remainder of their purchase price and any applicable stamp duty.

Lee and Kerry have achieved their dream of owning their own home through H2O and we couldn't be any happier to have been a small part of their journey!

Now here's the bit everyone loves.

H2O doesn't just provide the opportunity for Lee and Kerry to achieve housing security and a path to affordable home ownership. H2O incentivises Lee and Kerry to succesfully settle and truly own their own home.

Through our Contract Suite, Lee and Kerry are entitled to their Contract Completion Incentive upon succesful settlement, equivalent to 50% of the rent they've paid throughout their rent-to-own journey. This equals approximately $40,000 over a 24-month period. So at settlement, not only do lee and Kerry get to use their upfront 2% deposit, the balance of their instalment contributions and any additional savings, they are also entitled to their Contract Completion Incentive equivalent to 50% of the rent they've paid throughout their rent-to-own journey. This incentives reduces their purchase price of $625,000 down to approximately $585,000!

Don't take our word for it. Explore the interactive calculator on our site and see for yourself, how you can buy your own home now and forget about the FOMO!