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The Money Puzzle

Buying Property With A Mate: Should You?

25 Jul 2023

Description

Perhaps you cannot afford a first property, but if you combined with a mate it might be possible. In today's podcast, a question from a 21-year-old listener who wants to buy in partnership with a friend gets the thumbs up. In fact, the government has recently moved to make it easier for mates to buy together by allowing 'joint' applications for the popular First Home Guarantee Scheme. In today's episode, we also cover: the most promising region for investors nationwide, what would a market with 'rent controls' look like? And the mixed data on whether home prices are softening. Nerida Conisbee, chief economist at the Ray White Group is Wealth Editor James Kirby's guest in this episode.See omnystudio.com/listener for privacy information.

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