The prospect of buying property right now is causing many people to step back in these uncertain times.
However, for those who take a long-term view and have a secure job, this might be the perfect time to enter the market. Interest rates are low and the competition for property is low, making it the perfect time to negotiate.
Mortgage Mates, original idea of ??the founders Daisy Ashworth and Jess Vesely, aims to further facilitate the entry of Australians into the real estate market, by associating like-minded people so that they can buy properties together; live or for wealth-generating purposes.
"Entering a range of preferences, including location, property type and price, Mortgage Mates matches 3 people based on their profile choices," shared co-founder Daisy Ashworth.
It also allows people to take their first steps in the real estate market, but with "less financial risk and increased protection," she says.
Two ways are proposed – "buy" and "build". While the "buy" component allows people to pool their resources towards an established property that they can select on a third-party real estate platform, the "build" side allows them to buy land and develop a property.
Ashworth explains that this agreement may include "the subdivision of the property and the construction of two separate properties so that each party can live there; build an investment property; build one or more properties on their land that meet their needs (that is to say, suitable for people with disabilities); or build a “cohabitation” property where all the owners live on the property and share resources and amenities ”.
Mortgage Mates allows buyers to enter the market in less time, but it also allows them to buy in a place where they most want to live, or one that is most suitable for their give a strong return on investment.
"By partnering with another user who shares your housing aspirations, you can afford to buy a house to live in, a building plot or an investment property with less financial risks and increased legal protection, ”adds Ashworth.
"The parties are strongly encouraged and are more likely to establish a legally binding co-ownership agreement to ensure that if a party wishes to sell its share or is unable to meet its repayment requirements, a set of rules is defined before buying the property to guide what happens in this case. »
Top suburbs:
whyalla
,
dulwich hill
,
Alexandria
,
redcliffe
,
st marys
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in a property, it is important to make sure that you not only have the lowest available rate you can get, but
Just fill in a few details here below and we will then arrange a local mortgage broker to contact you and determine the features or types of loans that are right for you. Needs. We will even help you with the paperwork. In addition, an appointment is free.
We value your privacy and treat all of your information seriously – you can check
our privacy policy here
