Property co-ownership – Is it right for you?

Assisted by Natasha Muscat

With reports of today's high residential prices dominating both the Australian media and property market, potential homeowners and investors can be easily deterred from beginning the ascent onto the property ladder. In response to this growing need for affordable real estate, there has been a notable surge in digital platforms offering 'co-ownership' solutions.

Co-ownership agreements offer buyers who otherwise may not be able to afford the purchase of a property the opportunity to divide the costs with others. However, while enticing, co-ownership can carry a multitude of potential risks.

Co-Ownership and the digital world

The increase in demand for co-ownership has led to the development of digital platforms specifically designed for processing co-ownership matters.