4.01/Lot 504 Banksia St
Glenside


$525,000

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Property Features


Property ID: 3376337

Floor Area
87.6 m2

From $393,750 with shared equity. Full price $525,000


Glenside Affordable Homes Shared Equity Listing - Apt 4.01

An extra bedroom without the extra repayments.
Glenside offers an enviable lifestyle in an unmatched location. Set in superb landscaped gardens, you'll have the parklands on your doorstep and everything you desire - great shopping, dining, schools and the CBD - just minutes away.

Inside your Botanica Garden Apartment, the lifestyle benefits continue. Architecturally designed, each apartment provides light and space in abundance, plus generous sun-drenched balconies for relaxing and entertaining on warm summer nights.

Complete with quality finishes including stainless steel SMEG appliances, stone benchtops, porcelain tiles in wet areas and semi integrated dishwasher, this apartment oozes style.

Botanica Garden Apartments are currently under construction with completion on track for mid 2020.
Affordable Homes Exclusive - two bedrooms with loan repayments similar to a 1 bedroom apartment.

You could be moving into a new two-bedroom apartment in 2020, but with repayments around the same as a one-bedroom apartment.
How? Well, HomeStart Finance's Shared Equity Option allows you to borrow up to 33% more without increasing your monthly repayments.
You still enjoy all the benefits of home ownership. You share a percentage of future capital gain or loss when you eventually sell, refinance or transfer ownership of the property.

This can increase your borrowing capacity by as much as a third, which means you get more bang, and more apartment, for your buck.
With a HomeStart Loan, if eligible you could reduce your upfront costs:

- First Home Owner Grant of $15,000 could go toward your deposit, fees and charges.
- HomeStart could lend up to 97% of the value of the apartment.
- Don't pay Lenders Mortgage Insurance (LMI) - HomeStart's Loan Provision Charge (LPC)
is significantly less than LMI for most borrowers.

AFFORDABLE HOMES EXCLUSIVE

This property is now available as part of the Affordable Homes Program to provide homes for all South Australians. Purchase is restricted to people who do not own any other property and the buyer must earn under the income limits. Please check your eligibility at www.affordablehomes.sa.gov.au

Finance provided by HomeStart Finance - Australian Credit License 388466. Eligibility criteria, terms and conditions apply. Fees and charges are payable. Loan repayment comparison is based on financing 97% of a $390,000 apartment ($374,420) with a HomeStart Graduate Loan compared to financing 97% of a $515,000 apartment with a HomeStart Graduate Loan of $374,625 plus a $124,875 shared equity option.

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