Sally Tindall

And so, for starters, the obvious choice is to potentially, well, to buy with a partner.

But if you're not married or if you don't have that special someone in your life, that's not often possible.

And so, looking to a family member can be an option.

Looking even to friends can be an option.

However,

It doesn't matter who you buy with.

It's really important to sit down and make sure you're both on the same page.

You've got to think through the short-term strategy, the medium-term strategy, but also the long-term strategy for that property and for your plans.

Otherwise, it could get quite messy quite quickly.

Absolutely.

You've got to go and sit down and work out how much you as a combined force can borrow from the bank.

And that's really important.

But it's also really important...

not just to accept what the bank says you can borrow, but to really map out your finances and have a buffer in there to plan for uncertainties.

Like if you're buying with someone that's a friend, you've got to work out who's paying for what when the roof breaks, when the roof leaks, sorry, or the hot water system blows up or strata decide to put up the levees.

You know, there are all sorts of costs that come with a house.

It's not just the mortgage.

It's funny.

It's interesting.

A lot of people want to live where their parents lived and they're looking to buy in a very specific area and they're hoping potentially to buy by themselves.