Institutional financing is the system. IGVHOPE doesn't fight the system, it uses it and simply changes who benefits from it.
What IGVHOPE Does Differently
IGV Living takes the benefits offered to property developers and passes them on to new home owners under HOPE. Instead of households taking all the risk of a big mortgage upfront, the HOPE program gives security by:
Move into your new home with secure tenancy, without the upfront deposit and debt.
Time grows the equity in your home, your asset grows while you rent
Homes double in value on average each decade, so you become the owner with less debt and immediate equity boom.
A IGVHOPE Journey Example
We want to give you a practical example that illustrates how time allows equity to build before homeownership begins.
You rent today and secure the option to buy at today’s price, but after ten years:
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a typical home will double in value, but the price you pay is locked in
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your loan and debt ratios (loan to value ratio) are much lower than a standard house purchase
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you win with a decade of growth in equity, while paying rent as usual.
* figures shown for illustration only. Actual outcomes vary
The New Homebuyer
Condo: 2-bedroom, 1-bathroom = 1,074 sq. ft.
Year 1 | Year 10 | ||
|---|---|---|---|
Rent | $2,300 pm | Rent | $3,001 pm |
Max Annual Rental Increase | 3% | Accumulated Rent Increase | 31% |
Agreed Purchase Price | $420,000 | Estimated Home Value | $840,000 |
Average rental increase in BC by decade over the last 80 years is 70%
IGVHOPE buffers you from sharp rent rises with capped and predictable rental rises, less than half the market average. Your consistent rent payments prove to the bank you are mortgage ready, helping clear the debt hurdles that block many home owners.
Estimated Purchase Costs
Property | $420,000 |
GST 5% | $21,000 |
PST 3% | $12,600 |
Mortgage Fee | $2,500 |
Legal | $4,500 |
Appraisal | $1,500 |
TOTAL COSTS | $462,100 |
Loan-To-Value | 55% LVR |
Mortgage Costs P/M | $2,701 |
One of the key requirements for a mortgage is that monthly payments are sustainable. As shown, the estimated mortgage cost is lower than the rent in Year 10, allowing for a smoother transition from tenant to homeowner.