Desmond Maruri never imagined owning property would happen so soon.But thanks to an innovative approach to home ownership, that dream is now a reality.Desmond is one of the newest buyers at East + Cowper in Granville, a modern development offering 260 apartments right next to the train station and shops.
With property prices in Sydney continuing to climb, Desmond’s story is a hopeful sign for first home buyers across New South Wales.And it’s all possible because of a new way to buy off the plan using Coposit.
Buying off the plan has traditionally required a large upfront deposit.But for Desmond, his one-bedroom apartment came with a much more accessible entry point — starting from $550,000.Two-bedroom apartments begin at $730,000.
Instead of needing the full 10% deposit upfront, Desmond secured his property with just $10,000 using Coposit.The rest of the deposit is paid in weekly instalments during the construction period.For his apartment, that means around $400 a week for two years.
This model removes one of the biggest barriers to home ownership: saving the full deposit before securing a property.
Coposit is an Australian platform designed to make property ownership more accessible.It allows eligible buyers to secure new properties off the plan with only $10,000 upfront.The remaining balance of the deposit is paid in manageable weekly payments while the building is under construction.
The funds are held in a regulated trust account, giving both buyers and developers peace of mind.If the project is cancelled or doesn’t proceed, all payments are refunded to the buyer.
This is not a loan.There’s no interest and no hidden catches.Just a smarter, more flexible way to buy property in Australia.
Coposit isn’t just about easier payments.It’s also about ensuring buyers are supported throughout the journey.Before anyone starts their deposit journey, Coposit runs an eligibility check.This helps determine if the buyer can comfortably afford the weekly payments and meet the settlement terms when the property is complete.
The system has been designed to work with the realities of today’s market, especially for those buying their first home.
Granville is fast becoming one of Sydney’s most attractive suburbs for buyers looking for affordability, access to transport, and lifestyle amenities.With the East + Cowper development situated near train lines and local shops, it’s a prime example of convenient urban living in Western Sydney.
For first-time buyers like Desmond, it's the perfect location to take the first step into property ownership — without the pressure of a full deposit upfront.
Off the plan developments often provide better prices, customisation opportunities, and time to organise your finances.Coposit makes this even more achievable by letting you pay the deposit in instalments while the project is being built.
Whether you’re looking for your first home or building a portfolio, Coposit gives you a new way to enter the market — one that fits today’s financial realities.
With developments like East + Cowper showing what’s possible, now’s the perfect time to consider buying property with Coposit.Explore available projects, calculate your weekly deposit, and discover how $10,000 could be your key to owning a brand new apartment.
Visit coposit.com.au to learn more and start your journey toward owning your first home.
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