Getting into the property market on your own isn’t always easy.
Saving a full deposit.
Managing repayments.
Trying to do it all while paying rent.
For a lot of first home buyers, it can feel like a stretch.
That’s why more people are starting to look at a different option.
Buying together.
Why buying together can make things easier
When two (or more) people team up, the numbers can look very different.
You’re combining incomes instead of relying on one.
You’re splitting the deposit instead of saving it alone.
And your borrowing power increases.
That can open up options that might not have been possible individually.
For many buyers, it’s not about buying something bigger.
It’s about getting into the market sooner.
How co-ownership usually works
Most buyers choose a structure called tenants in common.
This means each person owns a share of the property.
Often it’s 50/50, but it can be adjusted depending on how you’re contributing.
You’ll both be on:
- the loan
- the title
- and the contract
And you’ll both be responsible for the repayments.
It’s a simple structure — especially when there’s trust and clear communication from the start.
What to agree on before you buy
This is the part that makes everything smoother.
Before moving forward, it’s important to have a clear understanding of how things will work.
Things like:
- how repayments are split
- who lives in the property (or if it’s rented out)
- how bills and maintenance are handled
- what happens if one person wants to sell
- how long you plan to keep the property
Some buyers also choose to formalise this with a simple agreement through a solicitor.
It doesn’t have to be complicated — just clear.
Can you still buy with a low deposit?
In many cases, yes.
Co-buyers can still access a range of first home buyer pathways, including low deposit options depending on their situation.
And because you’re buying together, reaching that starting point can often feel more achievable.
For a lot of buyers, this is what turns the idea of owning into something realistic.
The takeaway
Buying with friends or family isn’t for everyone.
But for the right people, it can be a smart way to get started sooner.
Instead of trying to do everything on your own, you’re sharing the load — and moving forward together.
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