Your First Years Mortgage on Us Terms & Conditions



Eligible Sales:

This Promotion applies to all Qualifying Sales of Promotional Stock in R&F’s Brisbane 1 project (‘Participating Development’) during the Promotion Period.

Promotion Period:

The Promotion period commences at 9am AEST on 1 June 2020 and ends at 5pm AEST on 31 July 2020 unless extended in writing by the Developer at its absolute discretion.

Qualifying Sales:

This promotion applies only to sales that:

  1. Are of Promotional Stock in a Participating Development;
  2. Occur during the promotion period;
  3. Are new sales;
  4. Do not relate to nominee sales;
  5. Are to a natural person or persons that are resident in Australia; or an Australian Self-Managed Superannuation funds; and
  6. The Purchaser or Purchasers agree to be bound by the terms and conditions of this Promotion with the exception of Self-Managed Superannuation Funds.

This promotion excludes sales that:

  1. Are not of Promotional Stock in a Participating Development;
  2. Occur outside the promotion period;
  3. Are not new sales;
  4. Relate to the purchase of nomination stock;
  5. Are to corporate or incorporated entities with the exception of superannuation funds;
  6. Are to natural persons that are non-residents of Australia;
  7. Form part of a bulk deal;
  8. The Purchaser or Purchasers refuse to agree to be bound by the terms and conditions of this Promotion.

Eligibility Criteria for Qualifying Sales:

To be eligible for the promotion Qualifying Sales must satisfy the following additional conditions:

  1. The unit purchased must be designated ‘Promotional Stock’ by the Vendor of the Participating Development. Each Vendor shall maintain a ‘Promotional Stock Register’ during the promotional period containing the details of all units to which the Promotion applies. This register may be updated or varied by the Vendor of the Participating Development at its absolute discretion at any time during the Promotion Period.
  2. The Purchaser/s must purchase the Promotional Stock as an owner occupier. R&F reserves the right to require Purchasers to sign a separate agreement, acknowledgement, statutory declaration or other documentation confirming this to R&F’s satisfaction in its absolute discretion;
  3. The Purchaser/s must sign an Expression of Interest and pay a holding deposit of $2,000 within the Promotion Period.
  4. Within 14 days of signing the Expression of Interest and paying the holding deposit, the Purchaser/s must exchange a fully and properly executed Contracts of Sale with the Solicitors for the Vendor (details to be provided by the Vendor in the Contract of Sale);
  5. Pay the balance of the Deposit by the date required by the Contract of Sale;
  6. Complete the Contract by its scheduled Settlement Date / due date for completion nominated in the Contract of Sale. Contracts which do not settle for any reason or which do not settle on the date nominated in the Contract of Sale shall no longer be eligible for this Promotion;

The Promotion:

R&F will pay the Purchaser/s of Qualifying Sales of Promotional Stock sold in a Participating Development during the Promotional Amount on account of their first year’s mortgage over the Property acquired. The Promotional Amount will be calculated and quantified as 4% of the Purchase Price of the Promotional Stock acquired by the Purchaser/s. This amount will be paid to the Purchaser/s nominated bank account by the Vendor or another member of the R&F Property Australia Group within 45 days of the Settlement of the purchase of the Promotional Stock by the Purchaser/s, subject to the criteria for Eligible Sales and Qualifying Criteria being fully satisfied as determined by R&F in its absolute discretion.

Additional Conditions of Promotion:

  1. R&F Property Australia Pty Ltd has and shall exclusively and finally determine:
    • Whether any Sale occurring during the Promotion Period is eligible for this Promotion;
      • This includes:
        • Whether the sale occurred during the promotion period;
        • Whether the sale was a Qualifying Sale;
        • Whether any exclusions apply to the Sale;
        • Whether the Purchaser has complied with the conditions of the Promotion.
    • What the Purchase Price applicable to the Promotion is, which shall be the Contract Sum exclusive of GST and before any settlement adjustments
  2. The amount of the payment to be made by R&F pursuant to this Promotion will not increase if the Purchaser’s Mortgage Interest Rate increases following the submission of an Expression of Interest to R&F nor will it decrease if the Purchaser’s Mortgage Interest Rate decreases after the submission of an Expression of Interest to R&F.
  3. R&F reserves the right to extend or terminate this promotion early at any time at its absolute discretion.
  4. The Purchaser/s agree to disclose the existence and terms and conditions of this Promotion to any bank or other financial institution from which they are seeking finance for the purchase of Promotional Stock and agree to indemnify R&F and the Vendors from any liability arising from their failure to disclose the existence or terms and conditions to your bank or other financial institution.