The home buyer owns the property outright. In their own name. The Chip In deposit simply helps the home buyer get a mortgage they otherwise could not have secured.

The Chip In deposit will be placed into a 3-year term deposit, earning interest over the period which goes back into your pocket.

Backed by the Australian Government guarantee on bank deposits, a Chip In deposit will be returned after the 3-year period as long as mortgage repayments have been made by the home buyer.