This will depend on the amount you borrowed, interest rates and your level of repayments.
You may occasionally find it difficult to meet your monthly instalment.
As your circumstances change, you may wish to purchase additional shares in your home.
From January 1996, the department has offered all Rental Purchase Plan borrowers the option to have the building insurance cover on their property paid free of charge.
You have the option to finalise your Rental Purchase Plan Agreement at any time.
For more information on buying your Department of Communities (Housing and Homelessness Services) home with a Rental Purchase Plan.