Co-ownership - The future of holiday home ownership
Faction offers a simple way to co-own a gorgeous holiday home in Australia, allowing multiple buyers to purchase shares of a property. This model provides the benefits of ownership at a fraction of the cost, with shared usage. Plus, we manage the property making it effortless for you!
What is co-ownership?
Co-ownership is a form of property ownership where two or more individuals share ownership rights and responsibilities of a single property. Unlike a timeshare, each co-owner holds and owns a percentage of the property.
With Faction, you can choose the perfect holiday home, decide how much ownership suits you, and let us handle all the details.
Our markets: Byron Bay & Sydney
listings
The Juliette: Byron Bay
$225,000 1/8th ownership
2 bds 2 ba 1 car
Jonson Street, Byron Bay, NSW 2481
[Available from mid-November. Register your interest now.]
The Beachley: Byron Bay
$665,000 1/8th ownership
3 bds 3 ba 2 car
Paterson Street, Bronte, NSW 2024
[Available from mid-January. Register your interest now.]
Magnolia House: Sydney
$925,000 1/8th ownership
4 bds 3 ba 0 car
Bronte, NSW, 2024
[Available from mid-January. Register your interest now.]
The benefits of co- ownership
Don’t go it alone - co-own an incredible holiday home. Right size the investment you make into a holiday home with how much you actually use it. Through Faction you can own an incredible holiday home, pick the amount you want to own - and leave the details to us.
Shared expenses
Ongoing expenses like maintenance, taxes, and insurance are split among co-owners, reducing the financial responsibility for any one individual and making ownership more cost-efficient.
Affordability
Co-ownership allows multiple parties to share the cost of purchasing and maintaining a holiday home, without the full financial burden of sole ownership.
Democratising home ownership
Co-ownership makes holiday home ownership more affordable by allowing you to still own equity in a home but with shared ownership and costs.
Flexibility and usage
Co-owners can enjoy the property during allocated times, often with flexible scheduling systems in place. When the property is not in use, it can also generate rental income, further offsetting costs.
FAQs | Buyers
-
Faction is currently working with a leading financial services firm to offer this service on the most favourable terms to our community.
-
This is a different concept. Fractional home ownership is a real estate approach in which several people or organisations jointly own and share the rights to a single property.
-
Yes, you can sell your share by putting it back on the Faction marketplace. We will assist by offering a suggested market valuation for your fractional share.
-
The usage schedule is typically organised on a rotational or first-come, first-served basis, depending on the agreement among co-owners. Our platform provides a straightforward system to book your usage days, ensuring fair access for all owners based on their share.
Stay in the loop.
Interested in our properties? Or new market launches?
Join the Faction community and keep up to date with our latest properties.