Rent to buy homes otherwise known as Vendor terms finance homes has been around for many centuries in England. It came to Australia at the first settlement and has been a concept used in the purchase of housing and property for many years until the banks were de-regulated in the 1970s. This method of purchasing houses is still widely used in board room and corporate biddings for properties (hotels, resorts, industrial, etc) in Australia, especially in the higher echelon of the business system.Unfortunately for the general public, very little of what is known as Rent to Own homes or rent to buy homes is understood. Many have been led to believe that the only way in which one can purchase property is by getting a loan from a bank, which has its downside of high interest and costing extra hundreds of thousands of dollars in interest over 30 years, etc. In the old days (Actually not quite that long ago) farms were all bought and sold using Vendor Finance terms (rent to buy), in fact, farms are still being sold in this manner throughout Australia.
Rent to Buy or Rent to Own houses in Perth Western Australia as well as in the rest of Australia has regained in popularity with over 20% of all house sales in the Eastern States of Australia being Rent to Buy. It is fast gaining popularity in Western Australia, as an easier and more friendly method of getting into the Property Market since the financial collapse of the GFC 2009.
IMMIGRATION
