Queenslanders buy with strangers to break into property market


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After doing some research, Mr Lowe said he found the ideal property that would give each investor a private one-acre block for holidays, recreation, or even small business ventures for just $1000 each.


Rates, he said, were about $700 per year and the required paperwork, a co-ownership legal agreement, could be drawn up for about $300, meaning a dream of owning property was suddenly very real.


Tenants in common is an agreement different to a joint tenancy: if a married couple under a joint tenancy, for instance, purchases a property together and one dies, the survivor will retain full ownership of the property.


In contrast a tenants in common agreement means each separate title will not be absorbed should an investor default on their loan, decide to sell, or simply disappear.

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