In this segment we chat about Coposit, what is it and what type of service does it offer home buyers for off the plan purchases. Here are the terms of service and use found on Coposit's website: https://coposit.com.au/terms-condition/ Coposit appears to act as an intermediary party providing buyers, an option to purchase off the plan properties where those buyers do not have 10% deposit. A 10% deposit is typically required for any off the plan purchase in Qld and elsewhere and if a buyer is not able to fund the 10% deposit Coposit can assist. Apparently, a buyer needs to pay $10,000 upfront and then pays off the balance 10% weekly to Coposit who organises the contract with the developer. However, I have my reservations and I would strongly suggest any buyer who is interested in using Coposit services to obtain legal advice beforehand. Indeed their own terms of service and use refer to buyers doing just that. Buying off the plan always contains risks, and this option for buyers that is out there may add to these risks. Have a listen!
https://www.youtube.com/watch?v=EsZsJTHxGhM
The show was designed to give back to the community which Despina did in droves. Her weekly radio show was broadcast on the Gold Coast each Thursday on 104.1FM Gold Coast/Tweed & 103.5FM Northern Rivers and had a substantial following since 2020. Despina talked about various hot topics at local, state and federal level, and answered the questions that ordinary Australians want to hear. And the best part, it was free.
In 2024, due to programming changes within the radio station itself, Despina then moved her radio show to being solely online on her Youtube channel: Despina Priala
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DISCLAIMER: The information discussed within the Talking Law videos is general in nature only and is not intended to be comprehensive, nor does it constitute legal or other advice in anyway, and should not be relied upon as such. The information is intended only to provide a summary and general overview on matters of interest and it is not intended to be comprehensive. You should seek legal or other professional advice before acting or relying on any of the content herein.
Posted By Despina Priala
Despina Priala has practised in property and commercial law on the Gold Coast for over 25 years and has extensive experience in this area.
Updated : 10th May 2023 | Words : 183 | Views : 344