The Incoming Contribution into a unit is based on the current market value of the unit at the time it is offered. Most recent Contribution for a 2 b/r unit was $265,000. Unlike normal home unit purchases the Incoming Contribution to Merton Village units is free of Solicitor’s costs and stamp duty however you are entitled to have a solicitor look at the contract which would be at your expense. We encourage you to seek legal and financial advice before entering into a contract. A charge of $50 for our contract applies.
The formula is: