Posted in joint mortgage

In today’s competitive property market, more first-home buyers are teaming up with friends or family to purchase property. Recent NAB research shows joint mortgages have surged by over 33% in just one year, with the biggest increases in Victoria, South Australia, and NSW.If you’re considering co-buying, FinancePath can help you assess whether this option suits your personal and financial circumstances and guide you through the process with expert advice.BOOK NOWPros of co-buying a home1) ...

BackgroundChris, a long-term FinancePath client of over 15 years, first approached us at age 28. At the time, Chris had a reasonably good-paying job early in his career but only $10,000 in savings. Renting in inner-city Melbourne and travelling overseas meant saving for a deposit felt impossible — especially 15 years ago when government support for first-home buyers was limited.“I realised that I probably needed to start to plan for the future.”The ChallengeThe biggest hurdle was raisin...