Saving a deposit for your first home has become one of the greatest financial hurdles for Australians. It's a challenge that has made co-buying—teaming up with a sibling, family member, or friend—an increasingly popular and effective solution.

By pooling resources, co-buyers can enter the market sooner, access properties in better locations, and share the financial burdens of ongoing maintenance and rates. Government initiatives, such as the First Home Guarantee, further sweeten the deal by allowing eligible pairs to purchase with a smaller deposit and without paying Lenders Mortgage Insurance (LMI).