Co-ownership Benefits




 

The Benefits of Property Co-ownership

By connecting with other investors, people can access property otherwise out of their range. While the most obvious advantage to teaming with others to buy property is the reduction in capital required, there are many other benefits to consider:

  • buy into multiple properties for the price of one, thereby spreading your investment risk
  • afford somewhere bigger, better and sooner than you could alone
  • pay less asociated costs involved in buying a property - government taxes, title search, conveyancing etc
  • split the ongoing costs associated with ownership of a property - maintenance, rates, insurance, tenant entry and exit fees etc
  • increase your chances of higher returns by having access to established purchase locations with proven track records, showing a solid history of growth
  • use your co-ownership equity as a stepping stone to go out on your own
  • avoid having to pay mortgage lender insurance by bringing down the loan-to-value ratio (LVR) below 80 percent
  • escape the rental trap, live in the property if the conditions are right
  • secure your long-term future by investing in the enduring stability of bricks and mortar