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Q: Can I Buy a House with a $10,000 Deposit in Australia?

Yes, with Coposit, you can buy a home in Australia with just a $10,000 deposit. As the only option of its kind, Coposit allows you to secure property without needing a hefty upfront deposit payment (typically a 10% deposit). Coposit enables buyers—from first-time home buyers to downsizers—to get started with a smaller initial amount and make weekly, interest-free payments until settlement. This means you can focus on saving while your property is being built, making homeownership simpler, faster, and within reach for more Australians.

Q: What is the CBA $10K Deposit Scheme?

Coposit is an independent property and fintech startup that enables users to secure off-the-plan properties with as little as $10,000 upfront. Buyers then make manageable, interest-free weekly payments toward the rest of the deposit (typically a 10% deposit) during the construction phase. Coposit has a unique partnership with the Commonwealth Bank of Australia (CBA), in which CBA accepts pre-sale contracts secured via Coposit as part of the developer's pre-sale requirements. This allows developers to meet their project financing conditions and bring housing projects to market faster. This collaboration makes it easier for buyers to lock in property prices at today’s rates while saving gradually and helps address the demand for more affordable housing options in Australia.

Q: How does Coposit make money?

Coposit is completely free for you, the home buyer, to use. Instead, we charge the property developer a fee for listing and utilising our property payment platform. This way, Coposit can be a free tool for fast tracking home ownership, always.

Q: Does Coposit loan me the money to cover my deposit?

We get this question a lot. The simple answer is, NO, Coposit is not a loan for your deposit. Instead, we have flipped the old deposit model on its head, so that buyers can build their deposit whilst their home is under construction, without needing a full deposit upfront. It feels easy because it is.

Q: How does Coposit collect my payments?

All your payments (we call them coposits) are securely collected, tracked, and managed via our app and held in Coposit’s regulated trust account which is audited in accordance with each state’s regulations. Here are the real estate license numbers we operate under: NSW – 10106205 QLD – 4585302 VIC – 088713L ACT – 18403131

Q: Does Coposit own part of my property?

No way. Coposit is not a shared equity scheme. We are here to help fast track your home ownership goals by facilitating property purchasing in a completely different way. Buying with Coposit means you (and whoever you may be buying with) own the new home 100%.

Q: What type of properties can I buy with Coposit?

The secret sauce in our process is actually utilising the construction time on new homes. This works for off-the-plan apartments, townhouses, land registration and house and land packages. Property developers who offer Coposit can be found at our marketplace . If you can’t find the project you are looking for, we encourage you to ask the sales agent for Coposit or reach out to our team directly.

Q: How do I know if I am eligible for Coposit?

Buying a new home is a huge decision. We’ve developed Coposit Qualified to help you buy with confidence. This process will give you an understanding of your capacity to make weekly coposits and your future ability to achieve finance at settlement. We complete the Coposit Qualified process prior to signing contracts.

Q: Is my money safe if the builder experiences financial difficulty?

Your payments are securely held in a regulated Coposit trust account with a Top 4 Australian Bank. It can’t be touched by the property developer (or even us) until both you and the seller issue an order to the agent.

The home deposit is a huge barrier to ownership in Australia. Something needed to change, so we changed it.

How Coposit works

Search and connect

Our marketplace includes a wide range of off-the-plan apartments, land sub-divisions and house and land packages across Australia. Here, you can browse and send enquiries to connect with property developers, home builders and sales agents offering Coposit payments.

Get Coposit Qualified and secure your home

Once you’ve found what you’re looking for, it’s time to get Coposit Qualified. The process is designed to give you an understanding of your weekly payment capability and future mortgage capacity before you commit. Qualified? Then it just got real! Put down your $10k minimum deposit and sign the legal contract of sale, and you have locked it in.

Own while you save

Your weekly payments are securely withdrawn from your nominated account to Coposit’s regulated trust account so that you can simply relax along the journey. Make sure you have downloaded the Coposit app to track your weekly instalments while your home is being built. Find out more about the Coposit app here .

Collect your keys

When construction is complete, so is your full deposit savings. It’s time to arrange your mortgage. Need help with this phase of your purchase? Contact us to request assistance from our in-house mortgage team. Once you have a loan approved, it’s time to collect the keys!

We make it possible to deposit your way.

Want to bring down your weekly Coposit payments? You can do it by starting with more than $10k.Search homes

Try our calculator to work out your weekly coposits.

Coposit Calculator

Property price

750,000

Total home deposit

$37,500

I want to pay upfront

10,000

$10k$37.5K

Secure your brand new property with a minimum of $10k, then pay weekly coposits until it's builtSearch homes

We get it, you must have questions.

These are some of the most common.

Can I Buy a House with a $10,000 Deposit in Australia?

What is the CBA $10K Deposit Scheme?

How does Coposit make money?

Does Coposit loan me the money to cover my deposit?

How does Coposit collect my payments?

Does Coposit own part of my property?

What type of properties can I buy with Coposit?

How do I know if I am eligible for Coposit?

Is my money safe if the builder experiences financial difficulty?

Can't find an answer to your question?

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Think of us as your unfair advantage.