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: 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
Families may:
- Build dual living homes or granny flats
- Renovate for privacy and access
- Purchase duplex-style or adaptable layout properties
Financing options:
- Construction loans for new builds
- Equity release or cash-out refinancing for renovations
- Secondary dwelling loans compliant with council regulations
Flint brokers ensure serviceability, LVR, and co-borrower approvals are handled correctly for construction or renovation projects.
Real-World Example
The Smith family combined resources to purchase a property with a granny flat for elderly parents.
With Flint’s guidance, they:
- Structured the loan under Tenants in Common
- Used a shared offset account to manage repayments
- Accessed a lender experienced in multi-borrower policies
This approach preserved borrowing power, minimized risk, and enabled a smooth transition for all family members.
📞 Ready to Finance a Home That Grows with You?
Multigenerational living offers flexibility, connection, and shared wealth-building — when finance is structured properly.
Flint’s expert brokers:
- Understand complex ownership and family lending needs
- Help secure funding aligned with shared goals, serviceability, and exit strategies
- Provide guidance on long-term loan health, LVR, risk appetite, and flexibility
Speak with Flint today and finance a family home that works for everyone under one roof.
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