She's On The Money - Should You Sell Shares for a House Deposit? (+ Buying Property With Family)

Episode Date: March 26, 2026

V is back in the studio (and yes… she brought Cami along for a very cute cam(i?)o because apparently she couldn’t stay away). If you hear any cute baby noises throughout the episode, this time it isn't Bec! This week we’re getting into two questions that feel very “this could go really well… or really not.” First up, a dilemma we know so many of you are quietly thinking about. Should you ever sell your shares to fund a house deposit? We break down when it might make sense, what you’re potentially giving up, and how to think about the trade-off between investing and getting into the property market. Then, a DM from the community that had us all leaning in. Is buying an investment property with family a smart financial move… or a disaster waiting to happen? We’re talking boundaries, expectations, legal structures and what can go wrong (because let’s be honest, money and family can get complicated very quickly). It’s practical, a little bit spicy, and exactly the kind of conversation you want to have before you make a big financial decision. NEW HERE?: Take our Money Personality Quiz and we will send you free resources based on how YOU actually manage money here.  Ready for more laughs, lessons, and unhinged money chats? Check out our oh-so-bingeable Friday Drinks playlist. Listen here. Join our 400K+ She's on the Money community in our Facebook Group and on Instagram.  Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 451289See omnystudio.com/listener for privacy information.

My name is Natasha Bamblett, I'm a proud First Nations woman, and I'm here to acknowledge country. Tii, gilinyan ganya, nianakaka yao yinbina waka, nianakai nianbina yakarumja, duminyagumiga dumiga ithawakanidawamundamun imalan, mumubangaraboma ininyalan waka, gaunonyakarumja, wutunadanar. Hello beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge and respect the Aboriginal people's land that we're gathering on today. Take pleasure in all the land and respect all that you see. She's On The Money podcast acknowledges culture, country, community and connections,

bringing you the tools, knowledge and resources for you to thrive. She's on the money. She's on the money. Hello and welcome to She's On The Money, the podcast that makes personal finance fun, especially on Fridays. Friday is our favourite day of the week because it's when we get the team together and celebrate you, our incredible She's On The Money community.

Today, Miss Jessica Ricci will be sharing some of our favourite community money wins. Miss Bex Syed will be sharing your broke tips of the week and will be helping to answer a money dilemma that asks the question, should you sell your shares to use them for your house deposit? And a DM that you slid into our inbox with that's all about an offer to buy an investment property with a family member when you haven't bought your own home yet,

which I think all sounds very interesting, but we always like to start our show with a five-star review. Boosts our ego, reminds you guys why you're here, but also you're just so nice. Now, Jess, this review isn't just about you this week. Last week's was. I'm very sorry. I'll power through if I must.

But we've got one. We've got one. It's from Evangeline. She said, I finally could afford the dentist. Oh, hear me out. This might sound strange, but for at least six years or more, I've convinced myself that I can't afford the dentist, which is beyond terrible, I know. But as someone who struggles to save, I've only ever heard stories of people visiting the dentist after years and getting bills of more than $5,000. And for someone who's always had less than $1,000 in her account,

I convinced myself I just couldn't afford it. At the start of this year, I started listening to she's on the money. I signed up to the budgeting course and I have made such big tracks. I went to the dentist on Monday and it ended up costing me nothing. It was covered by my private health. I have $1,200 in emergency funds, $80 in a holiday fund, $75 in shares and I've paid down my debts. I know it's only the start, but I'm surprised with how far I've come in less than a month. I can't tell you how much I appreciate your content and for giving me the power and the education to take control of my finances. P.S.

All your messaging around letting go of the guilt for your past decisions because you didn't have the tools and resources to make the best decision has been a total game changer for the way I approach my finances. That's amazing. Evangeline. That's incredible. Also, your name is beautiful. I love the name Evangeline.

That is incredible. The fact that dental care is not part of Medicare or- It's wild, isn't it? It's wild. It actually makes me angry, but that's a story for another time. That is incredible. that is really incredible and very very good for you I'm just so excited like stories like this they come out of the community and I'm like this is why we do what we do like I'm so excited for

every other financial goal but for people to be able to go I'm not scared of the things I need yeah like you need to see the dentist like the fact you avoided it because of money oh I'm just so excited that that's not your reality anymore that's amazing all right now it's time for question of the week it's that part of friday drinks where you get to ask us one question that you are dying to know it could literally be anything and this week's question comes from carly and she wants to know if you could have dinner with one person dead or alive who would it be and why oh this is so hard i'm thinking for like because i might feel shy or awkward and you're like nobody like yeah this is really silly like realistically because I know it won't happen but if it had

to happen someone was like oh he is a complete stranger you do like this person you may be a fan of this person but it's just you you guys together having dinner and already a dinner situation where you're sitting across the table from someone I don't like it no matter who I'm with I would just pick my girlfriend but if it was if I had to I would and because it was like It would feel so awkward. This is a hard one. I think Amy Taylor from Amal and the Sniffers. What?

That is rogue. I love her. She's so like us, you know. She's so like just chill down to earth. I don't imagine she'd be like, I think I wouldn't have to worry about like spillage or like not putting the fork on the right side of my plate when I'm finished eating. I wouldn't have to worry about these little things. Like she wouldn't care.

So I think it'd be Amy Taylor. This question just really sends me for six because I spiral because I only get one. and then I start going, God, who's the person I want to meet the most? Who is the person who I could learn the most from? And then I just like really like am doggy paddling around in my brain basically. Like there's so many people I would love to meet. I would love to meet Dolly Parton because she does a lot

of charitable stuff. Yeah, she's very cool. She's funded incredible campaigns that bring books and education to children. I would love to meet like a lot of historical women. I think it's very interesting to think about like a Queen Elizabeth or like which i know is so random and it's not because i'm a royalist or anything but it's just it would be so interesting or even like a woman from my ancestry do you know i mean back 500 years

to just see what has changed or like you know there are so many women that have played really pivotal roles in things throughout the years you know like a rosa parks or a i can't remember her name but the woman who wrote the code for finessa yes finessa i was like what is the rocket company There are so many women that have just done amazing, amazing, amazing things. Or Michelle Obama. I would love to meet Michelle Obama. Yeah, I would want to meet a woman. And I just have a long, long list.

Honestly, I can't just pick one. Taylor Swift. I'd love to meet Taylor Swift. I was going to say Taylor Swift. That's a bit vapid, but like, God, I love that woman. I love that word, vapid. I can't pick one. I just can't.

I'm not good with favorites. I really struggle to pick favorite color, favorite food. I can never do it. But anyway. That's an incredible answer. Thank you, VD. That's incredible. Wild card.

I can't wait. I feel like you guys are going to be, like, expecting something from me. Oh, I think I know. Who? Warren Buffet. Oh, my God. Yeah, like, that's what I think you expect. Warren Buffet or, like, Oprah or something.

Yeah. Wild card. I want to have dinner with 60-year-old me. Oh, that's a great answer. That's a gorgeous answer. I want to have dinner with her and be like, what do you think your regrets are? Like, how cool would that be to be like, what do you wish you did more of? Or like, what are you proud of?

Or like, how cool would that be? That would be amazing. Again, maybe that's vapid because I would make my own life better. But I just think that, yeah, I was thinking about it. And maybe I got the privilege of thinking about it longer than you guys because you were like struggling with it, Bec. And so did you, Jess. And I was thinking like, oh, what do I want? And I was like, oh, you know, Michelle Obama.

And then you said it. I was like, yeah, yeah. like Taylor Swift yeah yeah like all of those people would be really cool but I want something that would be impactful and I mean you already said it's not possible so it may as well be the old version of me like yeah so good like is Botox worth it until I'm 60 you know yeah not actually but just you know what was your best spending habit like or what do you regret or like how did life pan out do I want to know that I don't know that's like that question of like if you knew how you were going to die, would you want to know? If someone said, hey, this envelope has the date

and time and circumstances of your death, do you want to read it? No. Would you read it? I think I would want to know. You? Oh, no. This is another one that sends me for a spiral. Don't get it started. I've already had one existential crisis this week. Okay, I'm really sorry, Jess. We're going to move off that because I can't have Jess having another existential crisis. She'll start taking leave and I just can't afford that right now. But if you guys have a question that you want us to answer, please leave it in the comments. We would love to get to it. Now, talking about getting to it, Miss Jessica Ricci, community money wins and confessions. What have you got? All righty. Firstly, this week, I've got one from Ruby who said after six months of her

house being on the market and her being screwed around by the real estate agent, she finally switched agents and her home sold within five hours. Stop it. Wow. Isn't that crazy? Five hours. That's insane. Congratulations, Ruby. That must feel so good. Totally must be nice. You probably thought it was fake. Genuinely, like, am I being punked? Next, I've got a money win from Casey, who said she found shampoo and conditioner in the clearance shelf at TK Maxx. God, I love a little TK Maxx bargain. Then I've got one from Jackie, who said Hoyt sent her a $10 movie ticket because they hadn't seen her in a while, and she got to use that to go on a solo date by herself. Oh, that's really cute. We need to do more of that stuff as women. Just do it.

A little bit of time for yourself, and even better if it's on the house. Next, I've got a money win from Jasmine who said, small one this week, but I got two house keys cut at Bunnings and they were unsure if they would work, so they only charged me a dollar each and then they worked. Oh, money win. How good is that? And then last one I've got is from Iris who said,

she bit the bullet after weeks of thinking about it and she cut her own layers into her hair. She said it came out so... Risky. I know, it came out so nice. It was so easy. She shared a link to the YouTube tutorial she followed. Oh, that's much smarter.

I would have just gone rogue in front of the mirror. Tutorial. Oh, you are a professional. It's fine wavy hair. It was way easier than a blunt cut trim. And she says she's going to do it every three months or so. Bec, you cut your own hair. I do.

I've never, ever been to a hairdresser. That's crazy to me. Do you follow a YouTube tutorial or how are we doing it? No. Safety scissors, kitchen scissors. I do use any scissors that I can find in the house. And then I'll like kind of just because it's like a bit of a mullet. But even before I had a bit of a mullet, I did just kind of like wing it.

Yeah. It's not good. But it's not so bad either, you know? I don't think it's bad. I've never looked at your hair in front. Oh, it's a bad haircut. Oh, my God. Thank you so much.

Neither have I. When you said you'd never been to a hairdresser, I was like, oh, I didn't realize you did that yourself. That's so nice. I didn't. But I haven't thought about it. Maybe you do get some hair skills when you're doing it yourself for 33 years. Wow.

I'm impressed with you. Thank you so much. Good job. Well, thank you for that, Jess. Miss Bex Syed, what broke tips have the community got for us this week? The first one comes from Emma, who says, if you need a pick-me-up, a Macca's soft-serve cone with a flake is the best happiness money can buy for under $2,

which is, I know, a broke tip in this day and age, but it used to be 50 cents. RIP the 50-cent cone. Wasn't it 50 cents? Yeah, don't even. With the flake. I saw a TikTok the other day. How many times do I say that on this podcast?

I saw a TikTok. We need a TikTok segment. Like every week, we just, the TikTok of the week or something. Yeah, but I saw a TikTok and the lady's hook at the very start of the TikTok was, like, follow me because I'll show you how I feed my family for under $200 a week. And I was like, wait, what? That's the new normal?

What do you mean? Like, that's not a flex to, like, it obviously is a flex to feed your family for under $200 a week. But I remember, like, $100 being the, like, feed a family of four for under $100 a week. Yeah. What? Now $200 a week is the flex?

Yeah. It's so wild. It's getting ahead of itself. I know. it's really scary out there this next one comes from hannah who says did you know you can order a cone in a cup and add m&ms on top and it's only 1.75 it's a mini mcflurry which is incredible idea and they don't even mix mcflurries anymore no they don't i'm not gonna lie can someone explain to me the difference between a mcflurry and a sundae i think they're in the same cup now

Are they? I think so. What's the difference? Is it just like the topping? I thought a McLaren was mixed, but you're saying they're not anymore. No, they don't mix them. They just put toppings on the top and there's nothing underneath. It's a cup of soft serve with the topping.

Is that not what a sundae at McDonald's is? I mean, at least for the sundae, they have the good grace to put the sauce on the bottom as well. Oh, I do have the grace. Really, if you get a large. This is true. True. Otherwise, it's only on the top. Well, I ask for a pump on the bottom as well.

Yeah, because you're a smart woman. Yeah, double up on that strawberry sundae. I stand on that. Oh, that's a throwback to 2021 podcasting, Jess. She prefers a strawberry sundae. That is crazy. That is insane. And I took it to Instagram so convinced that everyone would agree with me

and not very many people did. She got humbled. Everyone was like, that's sacrilegious. Yeah, it is quite eye-opening when you realise. In saying that, that was one of my pregnancy cravings. Like I was a feral for a strawberry McDonald's sundae. It was very validating. I was like, do you want a sundae?

She'd be like, why? But who am I to say no? Hey, well, that's it. But the Hungry Jack Storm, it's huge. It's huge. It's like a McFlurry and they do mix it. It's flake. You can get flake in there.

But not the stick as a flake. Flaked flake. Oh, that's even better. You add some Oreo. You add some hot fudge sauce. Oh, my God, it's the best. It is way better than any McFlurry could ever be. I'm going to need to test that out because I'm not going to lie.

Sorry, Hungry Jacks. The burgers are better, but I've never heard about your sundaes. No, their sundae, yeah, I know. And they're so humble about it. I'm like, tell everyone. They're so good. They're so good. Do you know what?

The Hungry Jacks marketing team are like listening to this right now. And they're like, Bec, we do. We tell everybody. Why is it not hitting your ears? If I could just get one free storm, that'd be nice. What else you got? This next one comes from Sierra, who says, instead of paying $16 a month for Spotify Premium,

I cancelled my subscription and bought a Spotify 12-month premium gift card on Amazon for $140. That's a $52 difference. Very clever. That is really, really smart. But yeah, it's one of those things where it's like if you have enough money to pay for a big chunk of time, then you will get discounted, which is very, very nice. But also a privilege.

And also a bit of a privilege. And then you don't have to think about it for the year as well, which is great. And then my broke tip for this week, some of you may know, I'm not too sure, but I quit my job randomly because I'm not very good at regulating my emotions. and now I'm stuck, jobless and poor. But I called my utility company, my gas and electricity, both in the same. And my housemate, who was also my friend who I live with, got a utility relief grant and she said, you can apply for this. And I said, I'm not on Centrelink. I don't have a healthcare card. I don't have a concession card. Are you sure I can do this? And she's like, yeah,

all you have to do is wait for a bill to be overdue and then you call the company and you apply and they help you apply for it. You just have to send either like your bank statements or a letter from your employer saying that you're not working or you're not working as much, whatever it looks like. And then they apply and then you get, I think it's like $600 in credit for utilities. And they keep applying for it until you run out of your money. And so I'm like, that's incredible. So I did it. I applied. I haven't heard back yet, but it was just yesterday. That's a very cool scheme. It's one thing that you can just take off your list of things you've got to pay for.

because energy costs are crazy. So all utilities currently covered. Isn't that crazy? I love that. Money win. That is a genuinely good broke tip. Thank you so much. I love that.

All right, well, let's go to a break because I am very excited to get into the community money dilemma, which is all about selling shares for a house deposit. And then the DM of this week is about investing in a property with someone else before you've actually purchased your own property. So, guys, don't go anywhere. Welcome back, everybody. Let's take a listen to this week's Money Dilemma.

Hi there. Have you got a money dilemma you just can't solve? The She's On The Money team is here to help. Every week, we tackle your dilemmas, both big and small, to answer your most burning money, career and life questions. To get involved, simply head to our website and leave us a short voice recording and you might just find yourself on the show.

Now, let's take a listen to this week's Money Dilemma. Hi, she's on the money. My money dilemma is I currently have $10,000 in shares. I decided to invest my savings one to two years ago when I was single, thinking I could regularly contribute and watch it grow for about five years and then hopefully use it towards a house deposit. Since then, I have found a solid partner who I want a home with eventually. And I also just came into an inheritance of $25,000 from a family member that passed. Suddenly the prospects of a house deposit with my partner looks possible for as early as next year. But I've also since learned the effect of time on my shares from your podcast. And now I'm inclined to use my shares

towards early retirement or another long-term future investment plan. For context, I'm 23 years old, so time is definitely on my side. My partner and I will have enough for our deposit come next year. However, if we contribute my shares as well, it could take a bit of pressure off the monthly repayments as I'll still be a student for the first six to 12 months of the home loan. Should I take this money out mid next year when we're looking to borrow or should I keep it in there as a set and forget long-term investment plan? I feel like that's a good one. Yeah. I'm gonna reserve my comments. Sure. Well I just want to say I'm so sorry to hear about the passing of your family member but I and I know this is not at all what you're asking and if I was in your

position, I would completely disregard everything I'm about to say because I would almost be like, F you for even saying this. But if I could start my life over and I was going to buy a house with someone that I could see a future with at 23, I would probably not do that simply because you don't know what your life's going to look like. I'd be like, there's no rush. Don't rush into that right now. Maybe don't do that step. As far as taking out shares, you're saying there's a lot of time on your hands. I'm like, I would not be doing anything right now. I would just be like still saving. I'll be just like kind of going about my business. I would not be buying a property with my partner at such a young age. I would just be doing me. I'd be thinking about me. I'd be wanting

to get my own property. I would not even be touching anything right now because it all sounds like there's so much time on your hands. You're not in a rush. Don't worry. Fair. Miss Jessica Ruici. Yeah, I think it's kind of a catch 22 because there's an argument to be made for getting into the market early, the sooner the better, et cetera, et cetera. Prices likely to continue increasing, you know, time in the market, all those sorts of things. However, I very much echo your sentiment. Did they say how long they've been with their partner? I don't know. I might have missed it, but I don't think they mentioned it. Yeah. So it's very hard, but like even if you had been with your partner for let's say five years or something, that would have meant that

you'd been together since what, like 18? Am I doing that maths right? And so it's, I don't want of belittle a relationship that just because you're young, because I think people can experience incredible love at all ages. But I also think you are still developing and growing as a person. Just a baby. You are just a baby, my love. And so I just think there's no rush. You said you're a student still as well. And so I wouldn't be looking to undertake a mortgage while I was studying, generally speaking. Especially if you're in your later years, I think, depending on what you're studying, you might have placement or whatever. It sounds just like you've got a lot going on.

And if you're not in a rush, I think exactly as you were saying, like having that money sitting in shares, it's compounding. And historically speaking, the share market has compounded at a greater rate than the property market has increased in value. Is that right? Yes. Thank you. Looking over there, I'm going to be like, is that correct? So it might very well be that the math is mathing in the sense of it's also better economically to leave your money invested in shares. I just think it sounds like you're at a very busy point in your life and maybe you don't need to be making that big decision right now. In a broader scale, can you sell

investments to purchase a house? Absolutely, you can. There are lots of people who do that. It's going to depend on, are your shares in the green or the red? That's a big factor. How much capital gains are you going to have to pay? All those sorts of things factor in as well. And I feel like I'm dancing a little bit around in circles, but I think if I was you, what I'm saying is I probably would not be making this decision right now, even with the hindsight of like, do I kind of wish I bought a property when I was that age? Yes. But had I bought a property at that age, I would have been kind of screwed because we had COVID and all those sorts of things. And I guess not to be all doom and gloom, but it does feel a bit like we're coming towards another time

of significant economic uncertainty with everything that's happening in the world and me, as we all know, being very risk adverse. You're not, are you? I just tend to operate with an abundance of caution. So I would think very deeply about it. But I think continue saving. Save for your deposit and then once you get there, maybe that timing will feel right.

Yes. I love how you talk. Thank you. Beautiful words. I mean, I don't want to assume, but maybe if you're with a male partner, AMAB, Assigned Male at Birth, I'm just saying these situations sometimes aren't as... That's new.

Never heard that one. I've never heard it. Sorry, that's very queer. Every day is a school day. That's true. I can teach you all the terms. I would love all the terms. Absolutely.

I want all of them. I don't know when I'm going to use them, but that's new. No, I just think be very, very careful because someone might be really, really sweet at the start, of course, because they're trying to get a little bit... It's just man, Hayley. She's like, you're going to regret being in a relationship with a man. Disgusting.

I'm really trying not to, but I'm like, Think of how mean someone can be after if things aren't good and then you want to own something with them. Just think about that. Just try and be slower. Just be slow, slow down a little bit. I'll put on my hat and not have an opinion about your relationship. You're going to get married and your life is a fairy tale

and they're the one. As a mortgage-broking girly, go talk to a mortgage broker. Like, go get their numbers. Like, I don't know what your situation looks like. What does your borrowing capacity even look like as somebody who, you know, is still studying with a partner who earns an income. Like, are you actually able to service a mortgage? Like, is it just a good idea? Just because you have a deposit doesn't mean you can service the mortgage that you might want. Talk to a good mortgage broker who can look

into a number of schemes and grants. You might find yourself in a position where you only need a 5% deposit. There's also the 2% deposit scheme that's going around at the moment and getting a really good wrap that might be up your alley if you're purchasing under a certain amount. So you might not even need to sell your shares to get into the property market. You might be able to just sit them there. When you don't sell your shares to purchase property, the bank still sees it as an asset. So it's not something that is detrimental. They go, oh great, she's got 10 grand in shares, like great asset worth 10 grand. So that's not a bad idea, but I'd be literally talking to a mortgage broker who might take you through all the options and then you go, oh,

we don't want a mortgage yet. Or you might be spoken through all the options and it makes perfect sense for you guys to purchase and you've worked out all of the drama of, well, what happens if this relationship doesn't work out? We're fine with that because lots of people in our community do that and then purchase with a partner breakup and they're both amicable and they're like, oh, we're just going to keep the property and lease it out because it hasn't gotten any extra value and we want to sell it once there's value there. So have all those hard conversations as well, but I wouldn't be not talking to a broking professional and I wouldn't be making a decision with my partner about like, oh, Jess, will you sell your shares for a property

when you don't even know your serviceability yet? Because like, what if you do sell your shares and then you talk to a broker and they're like, why'd you do that? Like, you can't get a mortgage at this point because it's getting fickle. And with the cash rate increasing, banks are tightening up as well on who they're lending to, but also how much they're lending. So that's just quite a pickle to be in. So get somebody, get them on your team and they might even go, oh, well, if you were going to be studying for the next 6 to 12 months. Let's line everything up for you to purchase in 6 to 12 months so that you can get it with a full-time income and that will increase your serviceability and get something you actually want. True. So it really depends. Yeah. Just

get a professional on your team. It's free. It's free. We recommend Zella. Oh, 100%. We recommend Zella. Anyway, would you guys like the community DM? Yes, please. That's Campbell trying to join in the podcast recording. Campbell's friend said, Hi, She's On The Money. My boyfriend and I are planning to buy our first home together in the next few years. Recently, he mentioned his brother wants him to go in on an investment property with him and his fiance. The idea is that in one or two years, the brother would buy him out so that we can buy our place. I'm stressed. That timeframe feels short to build meaningful equity, and I'm worried it could impact our eligibility for a first home buyer's grant. I'm also concerned that

if his brother can't buy him out, my partner would be stuck servicing two loans or unable to save for our goals. They already own a home, so they'd end up with two properties while we're still trying to enter the market. How do I raise my concerns, especially if I'm not comfortable taking on a loan with him because of serviceability risk? Don't do it already. I'm just thinking there's no real, just don't do it. How do you raise this? I think read this exact DM to your partner, for starters, because I think you said it all very, very well. Like you needn't say anymore. And if your partner is like, well, I'm still going to do it, then that's insane. But yeah, it would ruin your first home buyer's chances, right? It would ruin his, assuming

it would ruin his. Yeah. If they're buying together. It depends on the bank and how that works. I see. Yeah. It depends if she's in on it because she also said something that makes me think that they're all in it together. Because each individual qualifies typically, right? So So like theoretically, if a couple are buying a house together, you both get your first home owner grant, assuming you each individually satisfy all of the requirements. So if he bought with his brother, he would use it with his brother. So then when the couple purchased, she would potentially qualify, but her partner would not because he'd already used it.

Yeah. Well, I just feel I'm just like, don't do it. It's too risky. It sounds too risky. I can't think of a single benefit other than, like, maybe getting a few extra thousand in two years' time, maybe, potentially. Like, other than that, I mean, maybe I'm missing something. I don't think you're missing anything. I think it's a big catch-22.

Yeah. So, like, if it doesn't increase in value and his brother has saved up enough to buy him out, great, no worries. But what if that property does increase in equity, which is what you want, and then his brother can't afford to buy him out or doesn't want to buy him out at the amount that the property is worth? And then you have to sell the whole thing, which in one to two years, I think is a terrible idea because we should never be buying property with the view to sell it in one to two years. Like that's a long-term asset. Like you're paying stamps and stuff on property. Like that's crazy to me.

I would actually sit down with your partner and entertain the idea. So I'd sit down and be like, oh, hey, like let's pretend it's Jess and I. Hey, Jess, like that sounds like such a good idea that you've brought to the table. Let's actually like map it out, like what that would look like financially for us and what it looks like to buy our own property in one to two years. And I can almost guarantee that without you saying, oh, it's a bad idea, that mapping out process is going to come to the conclusion that maybe it's not a great idea for you guys to achieve your goals. But, hey, I don't know the opportunity. It might end up being a fantastic opportunity.

But, like, sound it out. Talk to a mortgage broker about what's possible and whether that's a good idea or not financially. Work out what your eligibility criteria is on first homeowner grants. like I don't know what your future looks like but if you're buying an expensive property you might not actually get access to any of your first homeowner grants anyway so what do you qualify for what don't you qualify for etc just what would you do as somebody who refused to buy their first home with a partner I'm just not understanding the buying out of it all like I don't understand is it because the brother wants to get into the market and your partner has said

oh like I'll front you the cash I'll pay half yeah and then you buy me out in two years in which case I just think there are better ways to go around that like maybe you could look at a guarantor situation I just the buying out I'm not sure on like it it's just totally a bit sus not sus like I'm not saying he's trying to do anything dodgy but I just am not understanding it honestly the outlook in such a short period of time exactly as you said who knows what the market is going to you the only way that it makes sense in my head is the brother wants to get into the market now he wants to buy this investment property and he can't afford to do it yeah why isn't he doing it but then buy something smaller because you already own a home so like why are you not leveraging your

existing home or just waiting it just doesn't make sense to me like I'm not understanding the upside of it and I just think it's very risky exactly as you said that he might not be able to afford to buy you out or whatever your partner's then stuck in this investment that he maybe did or didn't why I don't know. I just wouldn't do it personally. I can't really explain that much more. I think exactly you said do the numbers and see, but I can't. I wouldn't do it. Fair. Well, we asked the community that exact question. What would you do if you were our community member? 42% said revisit the idea after we purchase our own home. 36% said hard no from me. 20% said only with a strict legal agreement. And 2% of you said, I would support my boyfriend's decision.

Oh, you're a better person than I am. 2%. Would you ever enter into an agreement like this? 50% of you said, no, it's too risky. 32% said, depends on our sibling relationship. And 18% said, yeah, if the numbers stack up. We then said, what's your two cents? And it was similar to our conversations, right? First person said, the boyfriend should consider the impact to the girlfriend and the first home grants they'll lose. Next person said, if they already have a property and this is an investment, it screams they haven't got their shit

in order to do it on their own. Next person said, this sounds like it's 100% a great idea for his brother and 100% a shitty deal for your partner. Hard no. Next person said, I did exactly this. Oh, T, tell us more. Disaster, steer clear for your mental health, finances and your family.

Do not do it. Oh, my God. Okay, there you go. Out of the mountain, babe. Next person said, so many different legal mechanisms to achieve the same result but better outcome. And next and last person said, I'm a lawyer. The slight chance of any issue is not worth it.

Plus family law separation issues don't put you in the best position. There you go. Anyway, that's a good place to leave it. With a lawyer's comment, look at us going to the horse's mouth. Yeah, literally. Professionals. Stuff like that scares me because I'm always like, they always start with the best of intentions but these situations usually favor one person over the

other and when it's like oh i'm gonna get my brother to do this with me because i can't afford it it's you using your brother to get to where you want to be and you're not your brother's not in the best possible position he's just a vehicle to help you get there yeah the potential for things to go wrong it's too high it's too high it's a no from me amen amen well cammy's finally decided to go to sleep so that is a wrap for the show we will see you guys bright and early on monday morning for a money diary till then have the best weekend bye guys bye the advice shared on she's on the money is general in nature and does not consider your individual circumstances she's on the money exists purely for educational purposes and

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