There's a new unique platform— considered the first in the world— that connects friends, family, and other like-minded buyers purchase a home together. Kohab is a digital property portal that helps groups of people looking to purchase a single house by providing the right property, the right agent, and mortgage and insurance providers all in the same place.
Platform partners such as Sparke Helmore and National Australia Bank have been specifically selected by Kohab for their expertise in property co-ownership.
Single property ownership has become out of reach for many. Young people who otherwise want to buy property, are often forced to live with their parents due to rapidly increasing property prices, which have outstripped wage growth.
Kohab Founder and CEO David Dawson says, “We believe that co-ownership is an often-overlooked method of owning property and may hold the key to that dream being reignited, allowing many Australians to take the first step on the property market ladder.”
National Research commissioned by Kohab in February 2018 of over 1,700 Australians, found that of those who currently don’t own property, the challenge of saving enough for a deposit and being unable to afford a property in their preferred location were cited as the main reasons for being unable to accomplish that life goal.
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