Developers will be able to secure off-the-plan sales with buyers stumping up an initial as little as $10,000 under a new initiative by Commonwealth Bank to help build more units faster.

The collaboration with property tech platform Coposit allows for residential apartment and townhouse developers to secure up to 10 per cent of their required pre-sales within projects with the small down payment prior to securing funding for the project to be built.

Read full article by the Australian.