New homeowner, a tradie aged 21, says house prices are ‘pretty silly’

You want to buy your first home, but the combined bank of mum, dad and grandparents can’t lend you enough to make up the deficit? Who ya gonna call?

The answer’s easy, according to an increasing number of wannabe owners: Your brother or sister.

Research last year by ING found that nearly half of Australians would consider buying with someone who’s not a spouse or partner to afford to buy a home. Now a new trend has become clear: siblings sharing the splash-out.

“It’s pretty silly how expensive places are these days, and my sister and I both had some money saved up, so we thought, ‘Why not?’” says electrician Logan Lovell, 21, who’s just bought a four-bedroom house in Geelong for under $620,000 with his 20-year-old sister, Ellie.

“We get on pretty well, so we thought maybe it would work