Typical Cashback: $15,000 to $30,000
When you purchase an eligible offtheplan or new build property through Cashback Property, you can expect to receive between $15,000 and $30,000 back at settlement. Here is how it works and what you can do with your savings.
How Much Can You Save?
The cashback you receive depends on the purchase price and the commission structure of each project. Typically, buyers receive between $15,000 and $30,000 at settlement.
| Purchase Price | Typical Cashback (Up to 50% of Commission) |
|---|---|
| $800,000 | $20,000 |
| $850,000 | $21,250 |
| $900,000 | $22,500 |
| $950,000 | $23,750 |
| $1,000,000 | $25,000 |
| $1,100,000 | $27,500 |
| $1,200,000 | $30,000 |
What You Can Do With $15k to $30k
- Cover stamp duty (which can be $20,000 or more in some states)
- Pay legal and conveyancing fees
- Buy new furniture and appliances
- Cover moving costs
- Pay down your loan principal
- Improve your cash flow and yield
- Fund property improvements
- Cover holding costs during vacancy
Commercial Buyer
- Fund tenant fitouts
- Cover marketing and leasing costs
- Purchase equipment
- Reduce your capital outlay
Downsizer
- Cover moving costs
- Set up your new home
- Fund renovations or improvements
- Reduce your mortgage
Real Buyer Examples
Sarah,
First Home Buyer, Sydney
Purchase Price: $850,000
Cashback Received: $21,250
Used for: Stamp duty and legal fees
James,
Property Investor, Melbourne
Purchase Price: $950,000
Cashback Received: $23,750
Used for: Paying down loan principal
Mark,
Commercial Buyer
Purchase Price: $1,100,000
Cashback Received: $27,500
Used for: Tenant fitouts and marketing
Rebecca,
Downsizer
Purchase Price: $800,000
Cashback Received: $20,000
Used for: Moving costs and furnishing new home
How Much Can You Save?
The cashback you receive depends on the purchase price and the commission structure of each project. Typically, buyers receive between $15,000 and $30,000 at settlement.
Our service is completely free for buyers.
We are paid by the developer's marketing budget, not by you.
Frequently Asked Questions About Cashback
Is the cashback guaranteed?
The rebate is subject to the successful completion of the contract by the developer and full commission received by Cashback Property. We confirm your rebate amount in writing before you purchase.
Does the cashback affect my mortgage or valuation?
No. The rebate is paid after settlement and does not affect your purchase price or bank valuation.
When will I receive my cashback?
Within one week of settlement, once we have received the developer's commission.
Do I have to pay tax on the cashback?
We recommend you seek independent financial advice regarding any tax implications of your rebate.
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