seller financing australia

Seller financing in Australia is essentially the seller acting as the bank, letting the buyer pay off the purchase price over time instead of upfront. This can be a lifesaver if the buyer’s bank says "hard pass". It usually involves a formal contract outlining the repayment schedule, interest rates (often higher than banks), and consequences of default. It’s popular in real estate and sometimes for vehicles or business sales. However, it’s a jungle out there—buyers should watch out for hidden fees and sellers for dodgy credit risks.

Consult legal advice and platforms like Tradingpost or CarShowroom for typical contract templates and market rates.