Money magazine Comments - The pros and cons of buying property with friends Buying real estate with friends can help you get a foot on the property ladder, but how do you protect your friendship and your finances? https://www.moneymag.com.au/feed/latest?story=179791529 Tue, 22 Mar 2022 21:53:38 +1100 Tue, 22 Mar 2022 21:53:38 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - The pros and cons of buying property with friends https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Marg R ()

With the story of buying between an aunt and niece, where would you start asking how this could be achieved - a normal bank or a broker or a solicitor?

The parties would need to be separate as far as the loan is concerned. Also the first home buyer grant would need to be approved. There are many steps before purchase is achieved. Thank you for the article - it is very topical.

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]]> Marg R () Tue, 22 Mar 2022 21:53:38 +1100 Comment by Irene O ()

Hi - with an aunt and niece buying property together, and the aunt owning 31%, would capital gains tax on the sale be payable by the aunt, since she is not living there. Also would the owners pay expenses in proportion to ownership, and would the aunt charge rent? There are so many questions to this situation but it seems to be one answer to ownership.

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]]> Irene O () Wed, 23 Mar 2022 14:17:33 +1100