From a group chat to a signed agreement.
Nobody sets out to be defeated by paperwork. But buying with friends means agreements you have never drafted, contributions nobody is tracking, and schemes whose rules shift depending on how many of you there are. Here is exactly how CoHomed gets a house through it.
One person starts the house.
Name it, set what the group is aiming to spend, and record what you personally expect to put toward the deposit. Two minutes, and it costs nothing.
- Pick a name everyone will recognise — the suburb usually works
- A rough target price is fine; it only drives the estimates
- You get a six-character code at the end. That is how everyone else gets in
Bring in the people you are buying with.
Share the code. Each person makes their own account, joins the house, and enters their own income and deposit contribution. Nobody enters anybody else’s numbers.
- Two to four people per house
- Add names before they join so the house shows who you are waiting on
- Everyone in the house can see everyone’s figures — that is how a split gets agreed fairly, and the app says so before you type anything
The split works itself out.
As contributions come in, ownership shares recalculate in proportion. Everyone sees the same figures at the same time, which turns an awkward conversation into a screen you can point at.
- Shares derive from deposit contributions by default
- Pooled deposit and remaining balance update live
- Estimates only — not an assessment of what anyone can borrow
Find out where you actually stand.
Four Queensland schemes, each with its published criteria checked against what your house has entered, and a link to the official source for every one.
- First Home Owner Grant, First Home Concession, Boost to Buy, First Home Guarantee
- Applicant caps flagged against your house size — a scheme capped at two cannot cover a house of four
- A self-assessment against published rules, not a determination
Every document, prepared from your own figures.
Once everyone has joined and completed their details, the pack unlocks. You pay once, six documents are generated from what the house entered, and every member signs electronically.
- Regenerate and re-download for the life of the account
- One fee per house. Not a subscription
- Intended for independent legal review before anyone signs
Six documents, and a reason for each one.
Co-Ownership Agreement
The core document. Who owns what share, how decisions get made, what happens if someone wants out, and how a departing owner is bought out.
Household Expense Agreement
Rates, insurance, repairs, and who pays what. Written down before the first bill arrives rather than after the first argument.
Mortgage Contribution Deed
Repayment shares, and the position of anyone on the title who is not on the loan. Often the gap that causes trouble years later.
Statement of Position
One per member. Income, savings and contribution set out in a form a lender will recognise.
Lender Presentation Pack
The whole house compiled into a single document you take to whichever broker or lender you choose. We do not name one.
Grant Application Packs
Pre-filled data sheets for each Queensland scheme you self-assess as being worth applying for.
Take it to a solicitor. Then a lender.
The pack is the start of professional advice, not a substitute for it. Co-ownership has consequences that outlast the purchase, and a template cannot know your circumstances.
Have the agreements reviewed by a Queensland solicitor before anyone signs. Take the lender pack to whichever broker or lender you like the look of. CoHomed does not recommend either and receives nothing if you use one.
See where your house stands.
Setting up, entering details and checking the schemes are all free. You only pay when you want the documents.