Can my parents and I buy a property together?

Yes — joint applications common. Ownership per agreement; parental income may help serviceability.

My in-laws want to gift us deposit. Will that work?

Yes — gift letter required, 3 months in Australian account.

Two married brothers want to buy a duplex together. How?

Joint loan + co-ownership deed defining shares. All parties liable.

My parents are pensioners. Can they still help?

Yes — via equity (guarantor) or cash gift. Pension income usually not counted for serviceability.

How does multigenerational living work for the loan?

Loan on title-holder names. Other household income depends on loan structure.

Buying Home Refinancing

Who this guide is for

Desi (South Asian) families pooling resources to buy property together — adult children with parents, married siblings buying together, multigenerational households.

Adult child + parents purchasing together for multigenerational living
Two married siblings' families combining for larger property
Parents helping with deposit while child holds title
Joint family investment in income property

The local picture

Family co-purchases are common in South Asian communities but unusual for major banks. Joint applications, ownership structures, what happens if circumstances change — all need careful planning. Cultural decision-making (involving elders) doesn't fit standard banker conversations.

How Mortgagefy helps locally

Mortgagefy works with desi families regularly. We include parents and elders in conversations, structure ownership properly, and coordinate with family lawyers for the co-ownership deed.

Bengali, Urdu, Hindi, Tamil support.

How it works — 4 simple steps

Free family chat

20-minute call including all decision-making family members.

Map structure options

We outline joint loan, parental gift, guarantor, or co-ownership structures.

Application support

We coordinate the loan and refer to family lawyers for the deed.

Settle as a family

Your family moves into the home with structure in place.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Talk to us about desi family home purchase

Free 20-minute family call with multilingual support.

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Buying a Home With Family in the Desi Community Sydney