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. 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
Build equity faster, together
But let’s be clear—this is still a business decision. You need more than enthusiasm. 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)
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. Call me for a recommendation to a professional 0410 335 654
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.
Thinking about co-buying?
Let’s talk. Call me 0410 335 654.