What owning your own home has come to in Australia. This is a partnership offer to drive up the cost of housing, or a 3rd party acting in combination like a Muslim bank who can’t charge interest because they are unlicensed. Are they investment partners really and/or landlords who charge rent instead? Something current banks aren’t prepared to do. What they are saying is go find a surrogate parent or angel, it’s not our problem.
Would-be homebuyers teaming up with private investors to stump up a deposit has been floated as a possible model to ease Australia’s housing crisis.
Source: Co-purchasing homes flagged as fix for housing woes – Michael West