We're here to make co-ownership simple
At Faction, we believe co-owning a property should be straightforward. Whether you’re familiar with shared ownership or new to the concept, we are here to help.
We streamline the process by making co-ownership easy to grasp.
Explore our Learn section to discover the benefits of co-ownership. Let us guide you every step of the way.
Co-ownership overview
Co-ownership of homes in Australia is an innovative way to own property, allowing multiple parties to share the costs and benefits of a single home.
This model makes holiday home ownership more accessible by dividing the financial burden, reducing individual costs, and allowing owners to enjoy the property without the full commitment of a traditional purchase.
Co-ownership is particularly appealing for holiday homes, where multiple owners can share the use of a property throughout the year, maximising enjoyment and investment value.
Steps to buying through Faction
To purchase:
Explore
Browse Faction's curated selection of holiday homes that best suits your needs to create wonderful memories with family and friends.
Talk
We're thrilled to provide you with all the information about our available properties. If you're unsure which option fits your lifestyle best, we'll walk you through the distinct features and locations of each home to help you choose.
Tour
We'll provide all the details you need, but nothing beats seeing it for yourself. We can set up a virtual or in-person tour or send you a video tour.
Choose
Decide what slice of ownership you would like (you can buy 1/8th 1/4 or 1/2) of the property based on your budget and how often you'd like to use the home. 1/8th gives 44 days of usage.
Finance & Purchase
Organise financing through our team of trusted, reputable lenders - experts in co-ownership arrangements. Secure your ownership by purchasing your share of the property, giving you legal ownership and usage rights.
To own:
Turnkey design
Show up to your fully furnished holiday home with gorgeous designer furniture, high end decor and amenities.
Management
We fully manage every aspect of your home from maintenance to billing, so it's always ready for you to enjoy
Scheduling
Effortlessly and fairly book stays in the owner app and your home for up to 44 days per year for every 1/8th share that you have purchased
Resale
You are required to keep the share for a minimum of 12 months but after that time you can sell your share at a time and price that works for you.
FAQs
What are the financial benefits of co-owning a home?
Home co-ownership involves multiple parties purchasing a share of a property together. Each co-owner holds a percentage of the property, and usage rights, costs, and responsibilities are shared according to the ownership agreement.
Is co-ownership new?
Co-ownership is not a new concept, but it has gained renewed popularity in recent years, especially as property prices have risen and traditional homeownership has become less accessible for many people.
Is this the same as a timeshare?
With a co-owned home, you own a portion of the home (not only the right to use time there). You actually own a share of the home’s equity, and you can benefit from any appreciation in the value of the underlying real estate over time. By contrast, with a timeshare, you own only the right to use the property, typically for a fixed period of time each year.