Eager homebuyers still falling victim to shadowy rent-to-buy deals
- Written by Eileen Webb, Associate Professor, Curtin Law School, Curtin University
Those looking to get a piece of the Australian dream of buying a home are still falling victim to the shadow property market of rent-to-buy deals, a new report shows.
In a typical rent-to-buy deal, the buyer agrees to an inflated property price, then pays market rent (or above), an “option fee” to buy the property in several...
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