2.5% is all you need.
We'll bridge the gap.

Yes. The property is registered in your name from the day you settle. Your first lender holds the first mortgage, and HAS holds a registered second mortgage as security for its shared equity facility. You are the sole owner of the property. HAS does not appear on your title or share ownership.

The first three years are your minimum term with HAS. After Year 3, you can choose to refinance or repay the HAS facility without an early exit fee, provided you meet your first lender's refinancing requirements. The HAS facility remains on a fixed, interest-only term for the first five years, giving you greater repayment certainty while you continue building equity. Many HAS customers choose to refinance between Years 3 and 4 as their equity position improves. Speak with your broker or our Customer Support team to understand the right timing for your circumstances.

Only the growth. HAS shares in an agreed percentage of your property's increase in value, not the full value of your home. The agreed shared equity percentage is set when your facility is established and is outlined in your loan agreement. Also, with SmartShare, you only share in growth over 10%.

Yes. The 2.5% is your deposit contribution, calculated as 2.5% of the property's purchase price. You'll also need to budget for purchase costs such as stamp duty (where applicable), conveyancing and legal fees, independent legal advice (required for every HAS loan), building and pest inspections, insurance, and moving costs.

No. HAS is a private arrangement, not a government scheme, and the structure is different. With most shared equity schemes, the government co-owns a share of your home. With HAS SmartShare, you own 100% of the property from day one. HAS holds a second mortgage, not a share of the title, and participates in a portion of the property's capital gain when you refinance or sell.