Terms

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How it works

  • Secure an apartment in North Melbourne, Northcote or Preston with a 3% deposit, or as little as $10,800.
  • Get rewarded for making a larger deposit: the greater your contribution, the bigger the bonus. See below for further details.

Details

  • The initial deposit upon signing the contracts must be a minimum 3% (Minimum Deposit Amount).
  • Purchasers can make one additional deposit any time after signing, for a period of 18 months.
  • Multiple additional deposits will not be accepted.
  • Total deposits cannot exceed 10% of the contract price.
  • For deposits greater than 3%, the purchaser is entitled to a rebate that reduces the balance paid by the purchaser at settlement. The rebate will be calculated as follows:
  • 7% payable on deposited funds paid in excess of the Minimum Deposit Amount (calculated on a per annum basis), for the period commencing on the date the purchaser executed their contract to date that settlement is called in accordance with the contract.
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For a limited time, MAB gave first home buyers exclusive priority access to great apartments, before anyone else, with amazing financial perks.

The current First MAB opportunity has now ended, however, you can still purchase at one of our amazing projects. Alternatively, sign up and we'll notify you when the next First MAB opportunity is available.

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Helping first home buyers get ahead.

How it works

For a limited time only, MAB gave first home buyers exclusive priority access to great apartment developments across inner Melbourne. First home buyers had the opportunity to purchase, before anyone else, with as little as 3% deposit.

The First MAB opportunity has now ended, however, if you would like to be kept in the loop regarding future First MAB projects, please just register and we will contact you.

 

You can still purchase at any of our three apartment projects across inner Melbourne.

Need some advice on buying your first home?

Buying your first home can be daunting. MAB is here to assist and can help guide you through the process. So, if you have a question, just register and we’ll contact you.

But it’s worth doing your own research too, and we recommend checking out the Victorian Government’s first home buyer’s guide.

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