- Age requirementsHomeowners who are at least 60 years of age in Victoria, or at least 55 years of age in New South Wales (where at least one Homeowner in NSW is at least 60 years of age), at the date of Contract with Homesafe.
- Eligible postcode areasHomes within eligible postcode areas. Homesafe currently covers approximately 90% of metropolitan Melbourne and Sydney postcodes, plus some regional areas.
- Eligible home typesHomes that are:
- free-standing (eg one dwelling on the Title), OR
- if on a Strata Title, there are no more than 6 dwellings on the Title Plan AND all individual homes on the Plan are situated directly on the land.
Please note that we are unable to assist you if you live in an apartment, high rise property, or if there are any properties on the Lot which do not 'sit on the ground'.
- Principal place of residenceThe property is the principal place of residence at the time of exchange of Contracts.
- Minimum land valueThe land value of the property is 60% or greater of the total market value of the home as determined by an Independent Homesafe Panel Valuer.
- OwnershipWhere all permanent residents in the home are shown as property owners (or have an interest) on the Certificate of Title or can be added as required.
- Existing debtIf there is existing debt on the Title for the home, please discuss this with our Team.
Other considerations
- The minimum lump sum available for a first Contract with Homesafe is $25,000. The maximum amount, subject to approval, is $3,000,000.
- The maximum share a Homeowner can sell is 65% of the future sale proceeds of the home.
- Homeowners can enter into additional contracts over time, up to a total share of 65%.
*Eligibility is confirmed on a case-by-case basis. This page is for general information only and does not constitute financial, legal, or taxation advice.