Multigenerational Living: How to Finance a Home for the Whole Family

Christian Stevens, Mortgage Broker

Published November 29, 2025, 9:19  P.M

Finance a multigenerational home with Flint. Learn how to structure co-borrower loans, manage ownership, and navigate lender policies for multi-generational living

Multigenerational Living

Multigenerational Living: How to Finance a Home for the Whole Family

As the cost of living rises and lifestyles shift, more Australian families are embracing multigenerational living. Whether it’s adult children staying longer, elderly parents moving in, or families pooling resources to co-buy property — shared homes are making a major comeback.
But financing a home to suit multiple generations isn’t always straightforward. Here’s how to navigate the lending side with clarity and confidence.

Key Facts

  • Multigenerational living is rising in Australia as families combine finances to buy together.
  • Shared ownership can improve borrowing power and affordability — but structure matters.
  • Lending strategies must consider income distribution, co-borrower roles, serviceability, and exit plans.
  • Flint helps families secure home loans that balance lifestyle needs, legal clarity, and lender approval.

Why Multigenerational Homes Are on the Rise

Multigenerational households are growing in popularity due to:

  • Rising property prices and affordability constraints
  • Aged care costs and desire to keep parents close
  • Cultural values of family support
  • Shared goals for wealth-building across generations

Loan Structures for Co-Buying Families

Choosing the right ownership and loan setup is critical. Options include:

  • Tenants in Common: Each party owns a defined share; allows unequal contributions.
  • Joint Tenants: Equal ownership with survivorship rights.
  • Guarantor Loans: One generation supports another with equity without co-ownership.
  • Family Trusts: For complex financial planning, asset protection, and tax efficiency.

Each structure impacts loan assessment, borrowing power, LVR, serviceability, and exit planning. Flint brokers guide families through co-borrower agreements, credit structures, and lender policies.

Key Lending Considerations

Lenders assess multiple factors for co-borrowers:

  • Income & Liabilities: Each applicant’s profile, repayment capacity, and risk appetite
  • Repayment Management: Joint or separate arrangements
  • Occupancy & Dependants: Full occupancy and presence of elderly family members affect serviceability
  • LVR & Credit Structures: How equity and borrowing ratios are managed

Tips:

  • Formalize exit plans in writing
  • Use a broker to navigate lender policies and co-borrower assessments
  • Consider offset accounts or redraw facilities for efficient joint repayment

Building or Renovating for Family Needs

Real-World Example

📞 Ready to Finance a Home That Grows with You?

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