The dream and reality of home ownership for many Kiwis is unobtainable. We are on a mission to help change that.

Over the last few years you would of read media headlines such as: “Affording Modern Day Property Ownership” “Sky rocketing house prices” “Provincial centres seeing a boom in prices” “First home buyers now locked out of the market” “Auckland’s first $2million dollar suburb” “Chinese buyers coming back to the Auckland market”.

This is not limited to an Auckland problem. Take any metropolitan city in the world where there is great quality of living, thriving businesses and a growing economy. Add jobs, transport, sport, arts & culture and you will find a demand for high priced real estate. The dream and reality of property ownership for many people is unobtainable. With each generation it is becoming less and less obtainable for the average person to own their own slice of property.

We then started to think about our kids – and we weren’t very optimistic. We might be one of the last on mass generations that can fulfil the dream of being able to work and obtain real estate outright. For our kids when they grow up, the ratio of their income to property values will be through the roof (no pun intended). It’s something that will be out of reach for many so we need to do something today.

We thought about our kids which lead onto thinking about our parents and grandparents as well. “How could we help new generations own?  and “how could we help older generations share?  Instead of owning 100% of residential property, why not make property divisible into fractions or percentages. Being able to divide property into smaller ownership fractions of property then creates an opportunity for other people to own shares or part of it, or for existing home owners to sell a portion/share or part of it. In effect, with SiOi you can take a once singular asset, and now give it liquidity and make it a lot easier to share.

We know that some shared ownership models are already used by companies, commercial properties and joint ventures but they can be very complex and expensive to create and operate. Looking at everyday residential property, it hasn’t really been been approached in an on mass fractional way… yet.  So our idea for a solution came about.

We are creating a platform where people can find and connect with others who are also interested in owning residential property together. Once people are connected (which could be friends, family or recently introduced) we facilitate the next steps to help: Share it and then Own it. Nice and Simple.