Sydney Real Estate Is So Expensive, It’s Time to Get Creative
We all know it—Sydney real estate isn’t just expensive, it’s bordering on absurd.
The median house price is inching toward the kind of numbers that used to be reserved for beachfronts, Bitcoin, or Beyoncé’s wardrobe budget. For solo buyers, it’s tough out there. But before you give up on the dream altogether, consider this:
What if you didn’t have to do it alone?
More and more buyers are teaming up with a trusted friend, sibling, or partner to enter the market together. It might not be what you imagined growing up, but let’s be real: neither was paying $950 a week for a one-bedroom apartment.
Co-Buying: Smart, Modern, and (With the Right Agreement) Very Doable
Purchasing property with someone else can be a brilliant way to:
Share the deposit and the mortgage
Buy sooner instead of waiting for a windfall or wedding
Build equity faster, together
But let’s be clear—this is still a business decision. You need more than enthusiasm and a shared Pinterest board. You need a formal legal agreement in place. Always.
What Should the Agreement Include?
Whether you’re buying with your best mate, your boyfriend, or a family member, it’s essential to outline:
Ownership shares (50/50 or otherwise)
Repayment responsibilities (who pays what, and when)
Exit strategies (what happens if one of you wants to sell, rent out, refinance, or run off with someone charming who already owns in Bellevue Hill)
It’s called a Joint Venture Agreement or Co-Ownership Agreement, and it’s not just “nice to have”—it’s non-negotiable.
Ownership Structures to Consider
There are a few different ways to structure a shared purchase:
Tenants in Common – You each own a set share and can pass it on separately.
Joint Tenants – You own it together, equally, and survivorship laws apply.
Company or Trust – If this is an investment property, these structures can offer more flexibility (and complexity).
This is where a good solicitor or financial advisor comes in. Don’t skip this step.
The Takeaway?
Co-buying isn’t just a workaround—it’s a smart, strategic response to today’s market. With the right agreements in place, it can give you a foot on the ladder and a clear path forward, even if life changes.
So yes—you can buy property in Sydney. You might just have to do it a little differently.
And if you do fall madly in love and want to move in with someone who already owns a rooftop penthouse? That’s what your Get-Out Clause is for.
Thinking about co-buying?
Let’s talk. Call me 0410 335 654.