For most Australians, the answer to this question has always been no.
The conventional property purchase model requires the full deposit, typically 10% of the purchase price, to be paid at or shortly after exchange of contracts. Until that deposit is assembled, the purchase cannot proceed and the home cannot be occupied.
That model works for buyers who have the deposit ready. For renters who can manage a weekly housing payment but cannot produce a lump sum at a single point in time, it has historically meant years of saving before anything can happen.
That has changed.
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The deposit serves two purposes in a conventional property purchase. It demonstrates the buyer's financial commitment to the transaction. And it provides the vendor with security that the buyer intends to complete.
For off the plan purchases, the deposit is typically paid at exchange and held in trust during the construction period, often 12 to 24 months. The buyer then arranges a home loan to cover the remaining purchase price at settlement when construction is complete.
For established property purchases, the deposit is paid at exchange and settlement typically occurs within 30 to 90 days.
In both cases, the deposit must exist before the purchase can proceed. The buyer cannot move in before paying it.
Unrent by Coposit is a home ownership pathway specifically designed for renters who want to move into a home before the full deposit has been accumulated.
Under the Unrent by Coposit model, an eligible participant makes an upfront payment, the amount varies by individual circumstance and property, and moves into a completed home provided by one of Coposit's property partners. They do not need to have the full deposit assembled before moving in.
Once they are living in the property, their weekly rent payments accumulate toward the deposit rather than going exclusively to a landlord's equity. After approximately 12 months of rent accumulation, sufficient deposit has been built to proceed to settlement. The participant then arranges a home loan and takes legal ownership of the home they have been living in.
The home is completed. It already exists. The participant moves in from day one. The deposit accumulates while they are living there.
Unrent by Coposit | A New Home Ownership Pathway for Australian Renters
Unrent by Coposit is not a way to move into a home with no financial commitment. The upfront payment is required before moving in, the amount is assessed individually based on financial position and the specific property.
It is not a rental arrangement with an option to buy at some future point. It is a structured pathway to ownership where rent accumulates toward the deposit on a specific home that the participant intends to purchase.
Legal ownership transfers at settlement once the deposit has been accumulated and finance has been approved. Not before.
Coposit does not charge an options fee on top of the weekly payment. No interest is charged on the accumulated amount. The property price is the same whether purchased through Unrent or bought outright.
For buyers who are open to off the plan rather than completed properties, Coposit's deposit instalment model addresses a related version of the same question.
Through Coposit, eligible new properties under construction can be secured with an upfront payment from $10,000. The remaining deposit is paid through weekly interest-free instalments during the construction period. The buyer does not need to have the full deposit assembled at exchange, they build it progressively while construction proceeds.
The buyer does not live in the property during construction. But they have committed to the purchase and locked in the price before the full deposit exists, which changes what is achievable for buyers who are ready to commit but cannot produce a lump sum at exchange.
Unrent by Coposit | A New Home Ownership Pathway for Australian Renters
If you want to move into a completed home now and have your rent accumulate toward owning it, Unrent by Coposit is designed for that situation.
If you want to lock in an off the plan property now and build the deposit progressively during construction while continuing to live elsewhere, Coposit's deposit instalment model is designed for that situation.
Join the Unrent by Coposit waitlist to find out what completed properties are available when locations are confirmed.
Browse current off the plan listings on the Coposit projects page, download the Coposit app, or contact the Coposit team to understand how the deposit instalment model works for specific projects.
This article is general information only and does not constitute financial or legal advice. Always seek independent advice before making any property decisions.
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