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.
If you’re new to Kohab, you’re probably wondering what we’re all about. The answer: We’re a growing community of buyers, sellers and experts in co-ownership.
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?
In Australia, we're obsessed with property. It’s in our DNA. The expectation to own our own home like our parents did is a dream shared by everyone- but in 2018, it’s a dream under threat.
There is almost universal agreement that housing affordability is a significant issue for many young (and plenty of not-so-young) Australians. Especially in our key capital cities.
Dreaming of a holiday home to escape the city on weekends, Ollie Lum and four friends bought a holiday home 3.5 hours north of Sydney in Seal Rocks.
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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.