Our beloved Sydney has been recorded as the nation’s least affordable housing market (surprise, surprise). Home to over five million people, the past five years has seen median dwelling prices of Sydney increase by an astounding 51%.
So you’ve reached the point where you want to go out and start looking at some potential properties? Fantastic! Naturally, if you’re a first home buyer, you’re excited and blissfully unaware of the hurdles standing in your way.
Searching for property should be exciting, so why does it so often cause us frustration? Whether you’re searching for property together or searching alone, here are our five tips to making the property search easier...
So you’ve found a property that you like? Great! Time to show your partner. You click to share via text message and boom, as you leave the property site you’ve just unknowingly entered into a process designed to confuse and aggravate even the most enthusiastic property buyers.
From 2016 to now, our journey has led us to creating a platform designed to help people discover, discuss and decide on property. Since the dawn of the Kohab journey in early 2016, co-founders David Dawson and Darren Clark had one vision - to see more people in property together.
Owning property has long been described as “The Great Australian Dream.” But it’s a dream that is increasingly out of reach to so many people - particularly young people, and especially in our capital cities, where property price growth has skyrocketed.
Property co-ownership, put simply, is the purchase of a property in partnership with one or more other people. And there are many different scenarios for which co-ownership may be an appealing option.
It’s sobering to think you might never afford a home in the city you were born in, but with Sydney house prices only set to rise (the average house price in Sydney crept over $1.1M in July 2017) property ownership is slipping out of reach for many Australians.
Anyone who aspires to the dream of home ownership, can sometimes feel trapped in a rental cycle, needing to rent in the area for work or lifestyle but can’t afford to buy. So how can you make that leap?
From Our Partners
Your home is your castle, and its contents are your treasure. Protecting it with the right insurance gives you peace of mind that, if you’re burgled or have a fire, storm damage, or other incident, you’ll be covered.