Should You Sell Shares for a House Deposit? (+ Buying Property With Family)
3/26/202633 min
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.
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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 - 451289
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Clips
Transcript preview
First 90 secondsNatasha Bamblett· Soundbite0:00
My name's Natasha Bamblett. I'm a proud First Nations woman, and I'm here to acknowledge country.
Speaker 10:05
Ti Glenn yan ganya. Ngaya nak gaka yaw yen beena waka. Ngaya nak gayin yen beena yakarim ja. Dumun ya gumika dumika itho waka nita wamin dumin emalan. Mumubayng gadha bumai yen nyalan waka karnany akaram ja. Wutu-narra-na. 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.
Victoria Devine· Host0:44
She's on.
Bec Sayed· Panelist0:45
The.
Natasha Bamblett· Soundbite0:46
Money.
Victoria Devine· Host0:46
She's on the money. [laughs] [upbeat music] Hello, and welcome to She's on the Money, the podcast that makes personal finance fun, especially on Fridays. Friday is our favorite 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, Ms. Jess Grigi will be sharing some of our favorite community money wins. Ms. Bec Syed will be sharing your broke tips of the week, and we'll be helping to answer a money dilemma that asks the question, should you sell your shares to use them for your house deposit?
Bec Sayed· Panelist1:17
Hmm.
Victoria Devine· Host1:18
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