Is Your Aussie Holiday Home Costing You More Than It Should?
Owning a holiday home has always felt like the ultimate Aussie dream — a beachside escape you can call your own. But that dream is getting a lot more expensive, and a lot more complicated. Right now, thousands of Australian holiday homes are losing key tax deductions. The ATO's updated stance classifies many privately used properties as "leisure facilities," meaning you could no longer claim interest, insurance, or repair costs unless your home is genuinely earning income. Add rising council crackdowns on short-stay rentals, and suddenly that solo-owned beach house feels more like a financial burden than a lifestyle reward. So what's the smarter move? Brisbane-based proptech founders behind Copay say the answer is simple — stop owning 100% of something you use 10% of the time. Shared ownership is changing the game. Through co-ownership platforms like Copay, four to eight like-minded families can share a single premium holiday home — splitting costs, splitting re...