Mother and daughter buy $700,000 home together as family property purchases grow more common
Rising house prices are pushing more New Zealanders to buy property jointly with family members as an alternative path to homeownership.
A mother and daughter have purchased a home together for $700,000, unable to afford one individually. Mortgage advisers say this practice of buying property with family members has become increasingly common as people seek creative solutions to get on the property ladder.
Covered byStuffNot covered byRNZNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe SpinoffBusinessDeskinterest.co.nz
Coverage across the news outlets we track, as at publication.
What outlets are saying
Stuff
They couldn’t afford a home alone; so this mother and daughter bought one together for $700,000
Mortgage advisers say the practise of buying with family has become more common, as people find creative ways to get on the property ladder.