Why Home Buyers will Love the Assquire System and this Mortgage Alternative (MA)

Many home buyers will decide to pay the higher rents (slightly higher payments than a mortgage plus property ownership costs) because they remain competitive with mortgage + property ownership costs (see mortgage comparison tables here for a Queensland first home buyer and click here for a Queensland non-first home buyer).

Also because they are building an equity stake in the property in a safer way and enjoying the lifestyle benefits of an owner, without any mortgage debt or interest rate risk whilst they are in the Mortgage Alternative (MA) occupancy period.

Also because they can choose where they wish to live without being constrained by a new home and the lure of a $20,000 Qld State Government Grant on a narrow selection of home locations that might (for many) be either a long commute from work, or just not offer them the home choice or location choice that the Assquire system and MA does.

And  also  (in the case of first time buyers) because of the special Assquire® Grant that is paid on settlement (as a settlement adjustment) to lower their future mortgage. The Assquire® Grant is explained here.

All the above benefits and yet it costs little more than a mortgage

The mortgage comparison tables in the links above demonstrate a comparison of a Mortgage Alternative contract over a ten-year period vs the forward projected costs involved with owning a home under a standard mortgage with the usual property ownership and insurance costs (a different table will apply in each Australian State for each of first home buyers and non-first home buyers, because of the different stamp duties, first home buyer grants (or duty concessions in the case of Victoria) and assumed minimum deposit requirements in each State). However, at this stage, only properties in Queensland can be used with the Assquire® system.

Clearly no one has a crystal ball on future mortgage interest rates with conventional mortgages over the next ten years, nor for future residential property price movements, so this is an example only, for a $500,000 home today.