Although most people aspire to own their own home, the great Australian dream may be out of reach for some. But if you’re prepared to team up with a close friend, colleague, relative or partner, co-ownership could be one way to get your foot on the property ladder. And plenty of savvy sellers are pitching properties designed for “dual living”. So, how would joining forces could help you buy a home?
Real Estate Institute of Queensland CEO Antonia Mercorella talks about co-ownership and how to overcome the risks, warning it is essential to get legal advice before taking the plunge.