NAB develops mortgage for ‘world-first’ co-ownership platform

The major bank has developed a new mortgage product in partnership with a co-ownership platform, positioning the product as a potential solution to Australia’s housing affordability crisis. Launched this week, Kohab is an online marketplace for co-ownership of property and helps potential buyers in three ways: by co-living (whereby one or both parties choose to live in the property), by co-investing in property and by co-lifestyle — facilitating two or more parties to share a holiday home or second home. The platform, which the group is calling a “world first”, helps like-minded buyers purchase a home together, connecting them with property, real estate agent, legal, mortgage and insurance p

Property industry confidence hits record high

Confidence across Australia’s property industry has surged to its highest level in the six year history of the ANZ/Property Council Survey according to results for the June 2018 quarter. The survey is the largest of its type and measures the views of more than 1,000 property industry professionals across the country. It provides valuable insight into sentiment in the property industry which employs 1.4 million Australians and supports the wages of more than one in four Australians. ‘Given the economic significance of the Australian property industry, the results from this survey are cause for optimism,’ said Ken Morrison, Chief Executive of the Property Council of Australia. ‘Getting the pol


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