What it costs

To buy or invest

First home buyers need cash. Investors want to do good with their money. Levridge brings these people together, so everybody wins. Take a look at what it will cost.

For Buyers

In summary, a first home buyer is likely to have upfront fees of approx. $3,000-$4,000.

A detailed description is provided below.

For Investors

In summary, as an investor you will need to have sufficient capital to invest 20% of the value of the property, plus upfront fees of approx. $10,000. Full description is detailed below.

Levridge

Levridge charges both the investor and the buyer a fee equivalent to 1% of the purchase price of the property inc GST for facilitation, matching and establishment of this investment structure. 

The investor pays this fee upfront.

The buyer pays this fee upon sale of the property.

The fee includes: 

  • Receiving and reviewing applications from both first home buyers and investors, and making appropriate matches.
  • Meeting both parties individually and facilitating the meeting between the parties, should the investor choose to do so.
  • Legal documentation to confirm all terms, conditions and exit strategy. This is designed to protect both the investor and the buyer now and in the future. 
  • Guiding and managing both parties through the entire process.
  • Ensuring that both parties criteria and preferences are being met.

We also provide ongoing service and advice as and when required, and are dedicated to ensuring that the long term outcome is a success for both parties. Levridge charges a percentage-based success fee for this service which is 5% of the net capital growth. No profit, no fee.

Legal fees

Generally legal fees will be between $1,500 - $2,000.

Both the first home buyer and the investor are responsible for their own legal fees.

Building report

This is usually between $450-$750.

To make sure your investment is sound and secure, you need a building report for any proposed property. 

The cost varies depending on the property, and it’s shared equally between both the buyer and investor.

Weather tightness

Moisture Reading Report

Expect between $450-$750.

To check there are no water tightness issues with any proposed property, a moisture reading needs to be taken.

The cost varies depending on the property, and it’s shared equally between both the buyer and investor.

Registered valuation

Expect between $750-$950.

To ensure you’re not paying more than the actual value of any proposed property, you’ll need a registered valuation. 

The cost varies depending on the property, and it’s shared equally between both the buyer and investor.

LIM report

Expect between $200-$400.

A LIM report will be ordered by the buyer’s solicitor from the local council and a copy will be forwarded to the investors’ lawyer for review.  This cost for the report is to be paid by the buyer.

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