One solution can be co-buying. Combining forces with a like-minded buyer can boost your purchasing g power. The catch is that it can also be a minefield with plenty of potential pitfalls to ruin a relationship.
We talk to the experts to know what to avoid – and the steps to take – to make co-buying work.
Caylum Merrick, team leader of finance at Perthbased Momentum Wealth, says co-buying arrangements are quite rare. “Most people buy property either by themselves or with their partner. However, given the affordability pressures we are seeing, especially in Sydney and Melbourne, it’s possible we may see rising interest in co-buying.”
Where co-buying does happen, Merrick says it usually involves siblings, or parents and an adult child buying together. “Occasionally you will see friends go into a shared investment, but in this case there is usually a development angle to the purchase.”
David Thurmond, mortgage broker and principal of Mortgage Choice in Melbourne’s Berwick, agrees that co-buying isn’t the norm. “It’s generally not something I encourage with my customers. There are a lot of risks involved,” he says.
That said, Thurmond believes co-buying has a better chance of working where it involves family members because “there is more trust, and both buyers have a stronger alignment to future goals”.
ãã®èšäºã¯ Money Magazine Australia ã® February 2022 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Money Magazine Australia ã® February 2022 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Is the public market shrinking?
Australia needs a healthy stock market to give companies access to funds and to allow retail investors to build wealth.
India: three steps to transformation
Massive investment and extensive reforms turbocharge the economy.
The ballet of business
Changing direction, products, models and marketing is a hard task for a business. We chart what it takes to turn a business around, plus profile four successful pivots.
Save money and the planet
Could the high cost of living give us the incentive we need to reduce how much water and energy we use or waste? These eco-friendly household tips will help you do just that.
AI adoption is the new black
Artificial intelligence is set to reshape the commercial world, and small enterprises canât afford to miss the boat.
Spam attack! Murky laws jam our inboxes
Unwanted marketing material is one of the pain points of modern life.
From rags to riches in style
Rich Tran sported a bowl cut until he was 14 years old and had no intention of becoming a hairdresser.
New work deals are killing the 'old' office
The Covid pandemic and the subsequent lockdowns accelerated the trend to more people working from home. It was a mixed experience.
Points taken: the truth about rewards
Can hopping between credit cards really boost your frequent flyer haul and give you cheap or free travel - or is it doing more harm than good behind the scenes? Money puts it to the test.
Shortcuts to own a home
Innovative ideas with a focus on low costs and sustainability could help solve the housing crunch.