Australia's new Albanese government faces a critical mandate: tackle the housing affordability and supply crisis.

With soaring property prices and homeownership out of reach for many, there's growing pressure for effective solutions. One idea gaining traction is co-ownership, where people team up with friends or family to buy property.

This approach—whether it's siblings, parents helping adult children, or friends joining forces—has become a popular way to enter the market. But is it a genuine solution or just a temporary fix?

Phil speaks with Finance expert Chris Foster-Ramsay, who weighs in on whether co-ownership addresses the root of the housing problem.

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