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Townhouses and Turnkey builds as your first home

My Mortgage Podcast - Season 1, Episode 8

This episode we talk about townhouses and turnkey builds - what they are, how they’re different from other builds, and how to fund them!

We discuss:

  • The difference between townhouses, duplexes, and apartments, and what turnkey means.

  • How turnkey properties are different from a house and land package or standard build.

  • How you source your deposit, including specifics of the first home grant. How much you’re bringing to the purchase vs how much the bank is bringing, and new build exemptions.

  • Timeframe and sunset clauses - examples of clauses put in place for the benefit of the purchaser, vs the benefit of the developer or vendor.

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