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The Guardian - AU
The Guardian - AU
National
Jordyn Beazley

Going halves: are shared equity schemes the answer in Australia’s pricey property market?

Sean and Beth McElhenny with their two children at their home
Sean and Beth McElhenny were recently able to purchase their Sydney home with assistance from a not-for-profit scheme. Photograph: Blake Sharp-Wiggins/The Guardian

Sean and Beth McElhenny’s family of four recently bought a three-bedroom home in Sydney’s north – something they didn’t think they would be able to afford for more than a decade.

And instead of paying $6,800 a month in mortgage repayments the couple, who work as teachers, only pay half that amount.

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