Coposit, the proptech company transforming how Australians buy property, has officially launched Ammoze—a groundbreaking deposit management platform now available to developers, solicitors, agents, financiers, and property buyers across the country.
Born from industry frustrations, Ammoze was purpose-built to eliminate long-standing pain points around trust account compliance, fraud risk, scam protection and inefficient reporting. Ammoze offers a secure, compliant, and seamless solution for managing all property deposits—whether paid in full or via Coposit’s weekly payment model.
“Ammoze is the product we wish existed 10 years ago,” said Chris Ferris, CEO of Coposit.
“It’s secure, compliant, and eliminates the friction and risk that’s long plagued deposit management in our industry. We’re setting a new standard—one that gives developers, solicitors, financiers, and buyers a platform they can trust. We were shocked to learn that deposits are only invested on behalf of developers and purchasers roughly 50 per cent of the time, this was leaving money on the table for both developers and purchasers.”
“Solicitors and agents—the two groups most often responsible for holding deposits—are finding it increasingly difficult to manage, report and invest them. Ammoze solves this by letting them focus on what they do best: legal work and selling.”
Ammoze has already been adopted by leading property stakeholders and is operational across a number of off-the-plan projects. Ammoze trust accounts are already established with leading banks—Commonwealth Bank, NAB, and Westpac—giving developers flexibility and security in who holds their funds, while ensuring all deposits are fully protected and promptly invested at market leading interest rates.
Key features include:
Scam and fraud protection: Encrypted transactions direct to regulated trust accounts
Multiple payment methods: Including BSB transfer, PayID, credit/debit card, and Apple Pay
Real-time stakeholder notifications: Transparency at every purchasing milestone
Monthly deposit reports for all stakeholders ensuring complete and ongoing oversight of all deposits
Forecasted interest earnings: Realise a new revenue stream with first of its kind deposit-interest forecasts projected to settlement
AML/CTF/KYC compliance: Built-in digital ID verification and automated checks
“This is about enabling better decision-making, project feasibility, and stakeholder confidence from day one,” added Ferris.
“We built Ammoze so the entire property ecosystem can benefit—from the solicitor trying to manage trust obligations, to the buyer who wants peace of mind to the agent who just wants to sell.”
By bringing together deposits across multiple sales channels—including traditional 5 per cent and 10 per cent deposits alongside Coposit’s weekly payment model—Ammoze positions itself as the universal solution for managing project deposits across the full pre-sale lifecycle.
Ammoze launches into a market with $13.3 billion in off-the-plan deposits and $60.3 billion in existing residential deposits handled annually—and a clear appetite for smarter, safer solutions.
Join hundreds of property partners already making the switch to Ammoze.
Visit www.ammoze.com.au to learn more or schedule a product demo.
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