DEMO: Joint Residency – Terrace in Surrey Hills, Sydney

Hi! I’m Dan, currently living in Surrey Hills, Sydney. I love where I live but not the rent. I really want to get a foot in the door in the property market without compromising my lifestyle. I definitely prefer a terrace home over an apartment.

• Age: Mid-20s, recently started a stable, well-paying job

• Savings: Limited, currently saving $5–10K per year

• Living: Renting in a share house in Sydney, paying $450/week

• Lifestyle: Social, active – love cricket, enjoy travel and events

• Capacity: Pre-approved for a ~$500K loan at 5.34%

• Thinking: Co-invest in a $1.5M terrace with 2 others, hold for 5–10 years, build equity, and eventually buy his own property

Looking for in a Co-Investor

• Similar life stage: Young professionals in their 20s–30s

• Stable income and ability to service a $500K loan

• Values:

  • Interested in co-ownership as a pathway into the property market

  • Preference for living in a terrace-style home in Surry Hills

  • Open to flexibility (e.g. travel, renting out a room, adapting as life changes)

• Mindset:

  • Long-term thinkers (5–10 year investment outlook)

  • Collaborative, responsible, and communicative

  • Willing to enter a formal co-ownership agreement to manage shared responsibilities and define exit strategy