About National Deposit Funding

National Deposit Funding is pleased to introduce Australians to an exciting new concept in real estate investment.

The Dream Deposit™ is a genuine, low cost (with no other interest charges) property loan which can be used in combination with your own equity and/or our preferred bank loans to purchase Approved properties sold by builders and property developers using the Dream Deposit™ system.

When used in combination with our preferred bank loans the Dream Deposit™ can provide you with the ability to use far less of your own cash or equity for the property purchase.

The Dream Deposit™ provides a simple, cost effective way of securing your next home or investment property without the need to spend the time, effort, and money often needed to research and/or negotiate a 'better deal' with a builder or developer.

National Deposit Funding Pty Ltd is an independent Australian organisation and was formed in 2008 to provide buyers with the unique property finance product, the Dream Deposit™. The business is based in Southport on the Gold Coast and was formed through a collaboration of businesses operating in the areas of property development, 'credit' systems, building products and financial services. Each of these businesses has an established track record in excess of ten years in their respective fields and each business has provided both capital and intellectual property to the business to ensure its success.

The business was formed in response to the sweeping changes brought on by the global financial crisis (GFC) and consequent 'credit crunch' of 2008/2009. Property developers, at this time, were searching for new and innovative ways to assist buyers wishing to invest in their development projects while at the same time buyers found themselves facing the prospect of lenders tightening lending criteria. Over this past 18 month period the Dream Deposit concept has been thoroughly Beta tested to determine the most appropriate product positioning. Market feedback from buyers, sellers, finance brokers, banks, real estate agents and financial planners has resulted in a well refined product and as a consequence National Deposit Funding has decided to launch the product nationally in the second half of 2010.

National Deposit Funding’s corporate vision was to create a property financing facility which, in combination with the buyer’s first mortgage loan, would be simple to understand, would improve the buyer’s ability to purchase a property and would cost substantially less than their first mortgage bank loan.

Executive Directors

Luke W. Russell B.Sc., Dip F.S., FAICD
Managing Director

Luke is a Fellow of the Australian Institute of Company Directors, and has a Bachelor of Science degree from the University of Queensland. He has a Diploma in Financial Services from Deakin University, a Diploma in Company Directing from the University of New England, and real estate sales certification from the Real Estate Institute of Queensland.

Luke has over 12 years of combined experience in international and domestic financial services, investment advice and business structuring, and is also the Principal of The Modern Academy of Property Risk Management.

Steven Hermiston
Director

Steve has a wide variety of experience and expertise in the property and investment fields, and has qualifications in advertising and marketing, business, advanced marketing, negotiation, plastics technology and was the 1985 recipient of the Readers Digest National Marketing Award.
 
Steve has a wealth of property related experience including directorships in building product importer AusChina Imports Pty Ltd and Queensland Investment Properties Pty Ltd. He has also been a director of  publishing companies producing tourist and real estate investment magazines for consumption not only in Australia but also the Pacific and South East Asian regions.