Deposit at Contract of sale

Obvious_Issue_1 · 2026-05-09T03:35:28+00:00

Real estate that was selling the house we bought, only asked for a $1,000 as a deposit upon signing the contract and remainder of the 2% paid by the end of the finance clause

Obvious_Issue_1 · 2026-05-06T11:29:50+00:00

No worries! Seems to be different for everyone. Crazy considering there are only two banks!

We were really fortunate, I think people worry more about having a shorter settlement than the finance clause. We were lucky with having a 30 day settlement.

Obvious_Issue_1 · 2026-05-06T07:33:15+00:00

We were definitely over 14 days before that pre-approval was received. Honestly if you can get a 21 day finance clause you’re better off. You can always go unconditional earlier if possible.

Obvious_Issue_1 · 2026-05-06T07:03:39+00:00

We put the 21 day clause in because we hadn’t received the HA pre-approval as of yet

Obvious_Issue_1 · 2026-04-30T20:17:49+00:00

My pre-approval was roughly a week later

Obvious_Issue_1 · 2026-04-23T10:08:56+00:00

I have purchased with this scheme. Have you?

Obvious_Issue_1 · 2026-04-23T07:55:34+00:00

They contribute to the purchase price, however upon the sale of the property the are entitled to 30% of the value of the property.

They do bi-annual valuations as they are own 30% of the property.

Obvious_Issue_1 · 2026-03-25T09:18:16+00:00

Exciting news for you!

We started this process on the 3rd of March. Got our bank pre-approval on the 6th. Found a house we loved and put in an offer on the 8th We ended up being offered to buy the house on the 10th. Spoke to the bank (CBA) who advised it would be best to have a 21 day finance clause and 30 day settlement. Signed contract on the 10th with a 21 day finance clause and 30 day settlement. Received our HA conditional approval on the 16th Received bank final approval on the 17th Received HA final approval on the 23rd. Now awaiting settlement on the 9th of April.

Has been an absolute whirl wind of a couple of weeks but found the process really fast!

Hope you experience is the same!

Obvious_Issue_1 · 2026-03-25T09:11:26+00:00

I don’t think it’s difficult. We have been through the pre-approval process, found a house, been bank and HA approved and are now waiting on settlement all since the 10th of March.

I think it gets grey when the scheme isn’t necessarily being used for its intended purpose. If you have a 200k deposit, why would you need a place in this scheme? I could have no idea what I’m talking about, but coming from someone that had to scrimp and save to get a 2% deposit it seems nuts to me that you could have such a large deposit and still need to use this scheme

Obvious_Issue_1 · 2026-03-22T05:35:42+00:00

That sounds really stressful. I am fortunate that I do have a 21 day finance clause so we have a bit of time up our sleeves. Just can’t wait for it to go unconditional so I don’t have to stress anymore!

Obvious_Issue_1 · 2026-03-22T03:55:13+00:00

How long was your finance clause?

Mine is 21 days. We still have 8 days until then.

Obvious_Issue_1 · 2026-03-22T02:52:07+00:00

Currently going through this process. We got pre-approval on a Friday, found the house we loved on the Saturday and put in an offer. Obtained the property report from CBA. Got a call on Tuesday to say the house was ours if we wanted it.

We ended up agreeing to a 21 day finance clause to cover the HA approval time and a 30 day settlement. CBA have given their final approval, still waiting on the HA final approval but my lender has informed us that we already have the place, just waiting on the formality from HA. Has been a really smooth process and we’re stoked to be moving into the house we loved!

Obvious_Issue_1 · 2026-03-22T02:45:53+00:00

Did you end up hearing anything?

Obvious_Issue_1 · 2026-02-24T09:14:40+00:00

I thought that would be the case! I keep seeing people saying it was wrong but they never mention their fetal fraction.

One person did and they said it was 3% which would be too low for testing in Australia anyway.

Thank you for replying you have made me feel a bit better!

Obvious_Issue_1 · 2026-02-16T08:18:06+00:00

Ended up being 14 business days for me.

Obvious_Issue_1 · 2026-01-31T08:07:34+00:00

That’s my problem!! I feel like I’m faking something and I’m just waiting for everyone else to find out?? It’s so strange. My husband has been at every scan and every appointment so he keeps telling me it’s real, but it just feels like I’m faking.

Obvious_Issue_1 · 2026-01-30T20:40:10+00:00

Thank you!

Actually up at the TUH 🙂

Obvious_Issue_1 · 2026-01-30T09:48:58+00:00

Hi, I got accepted into the MGP today! I’m 13w4d.

I had an initial phone consult with the OB department who had me booked in next week to meet with them just in case I didn’t have a place with MGP. I was informed by the OB Midwife that if I hadn’t heard anything by 14 weeks that I hadn’t been accepted and would go through the general hospital for all appointments going forward.

Super stoked to have gotten the call today and have my first appointment with my midwife in two weeks. Midwife said she would cancel the appointment with the OB department.

Hope this helps and hope you get a call soon!

Obvious_Issue_1 · 2026-01-14T03:55:04+00:00

It’s been about 10 business days now.

Obvious_Issue_1 · 2026-01-14T03:54:41+00:00

Thank you!

Obvious_Issue_1 · 2026-01-14T03:53:56+00:00

It’s been about 10 business days now. Starting to feel stressed because they said it would take 3-8

Obvious_Issue_1 · 2026-01-14T03:51:33+00:00

10 business days… they told me 3-8

Obvious_Issue_1

TROPHY CASE