Supposed halves: is common equity systems the answer around…

Sean and Beth McElhenny’s group of four has just bought a beneficial about three-bed room household from inside the Sydney’s northern something they don’t consider they will be able to pay for to possess more than 10 years.

And instead of spending $6,800 thirty days when you look at the mortgage repayments the couple, who work as instructors, pay only half of that amount.

However, according to him somebody qualified to receive the fresh design manage benefit

The fresh new hook is, officially they merely individual 1 / 2 of the house the other half try belonging to good nonprofit that they’ll purchase away any time.

Your house are ordered included in a contributed equity system, where in fact the regulators or nonprofit buys a fraction of a property and you can an individual or few possess others.

Such as plans try growing for the popularity around the Australian continent, and can provide a base up into the housing market having individuals who don’t have the advantage of adult riches. Read more “Supposed halves: is common equity systems the answer around australias high priced assets industry?” →