• News
    • Latest News
    • ‘Startup West’ Podcast
    • Interviews
    • Opinion + Advice
  • Events + Awards
    • Events Calendar
    • Event News
    • Startup News Awards
  • About
    • Welcome!
    • Contributors
    • What’s a ‘startup’?
    • What’s ‘news’?
    • Write for Us
    • Editorial Guidelines
    • Contact

//Startup News

  • News
    • Latest News
    • ‘Startup West’ Podcast
    • Interviews
    • Opinion + Advice
  • Events + Awards
    • Events Calendar
    • Event News
    • Startup News Awards
  • About
    • Welcome!
    • Contributors
    • What’s a ‘startup’?
    • What’s ‘news’?
    • Write for Us
    • Editorial Guidelines
    • Contact

New startup helps mates share the mortgage

25 October 2019 Charlie Gunningham
New startup helps mates share the mortgage

// Mortgage Mates is the brainchild of Daisy Ashworth and Jess Vesely, who want to make it easier for people to co-own their home.

Think of it like a ‘dating website for home ownership’, new Perth startup Mortgage Mates is looking to help people with similar housing preferences to co-own property.

It’s been estimated that 6.5 million Australians aged 18-39 are priced out of the home ownership market.

Following 12 years’ experience working within the legal, housing and welfare space, Daisy Ashworth saw a growing gap in the market, with people finding it harder and harder to put a roof over their heads.

In 2017, Daisy and co-founder Jess Vesely met while working in the humanitarian sector and the idea for Mortgage Mates came to life.

Jess had worked in the community development for five years, including in Nepal after the terrible earthquakes there.

Over the past two years, the pair have worked alongside an engineering and software team of three tech advisors to develop Mortgage Mates. 

“Through the use of innovative technological solutions, Mortgage Mates will disrupt the house market, providing all Australians the opportunity to own their own home,” co-founder Daisy told Startup News.

Daisy Ashworth

“Mortgage Mates is a revolutionary website for the Australian housing market, assisting users to enter the property market in half the time.”

Using a ‘unique algorithm’, Mortgage Mates matches two or more users to other like-minded individuals to search for, apply for and purchase housing together. In so doing, the financial risk is lowered and the legal protection is raised, say the co-founders.

The immediate goal is to assist those in the upper level of rental housing to co-ownership of property, stepping them into home ownership for the first time, together.

In turn, this should help free up the rental market and provide downward pressure on rental prices, the co-founders argue.

Mortgage Mates’ 5 advantages of their co-ownership model

Since launching in June 2019, Mortgage Mates has presented at the National Housing Conference in Darwin where the concept of co-ownership and the development of the website was well received.

Last month, the team attended the Pitch@Palace On Tour in Adelaide, where they were shortlisted to attend the Pitch@Palace Australia 3.0 final in Perth.

This has led to heightened interest from third party agencies such as mortgage brokers, real estate agents and others to improve the ‘Match to Buy’ user experience. The user base has doubled over the past month, and team feel like momentum is building.

“Everyone knows someone, who cannot afford to own their own home,” said co-founder Jess Vesely. “By using Mortgage Mates we can turn ‘strangers into mates’ and support every Australian to own their own home.”

Jess Vesely

~~

For more, visit the Mortgage Mates website.

25 October 2019 News Charlie Gunningham
Tags: FintechlaunchMortgage Mates
Previous Post
Innovation Central Perth and NERA forge a WISE partnership
Next Post
Helping startups in the regions
  • Facebook
  • Twitter
  • Google +
  • Linkedin
  • Pinterest
  • Share by email

Author

Charlie Gunningham

Charlie Gunningham

View all posts by Charlie Gunningham →
Former co-founder aussiehome.com, GM reiwa.com, CEO Business News and Accelerating Commercialisation adviser. Charlie has spent 20+ years in Perth's startup scene, as founder, mentor, adviser, writer and investor. There's nothing he likes more than helping early stage tech startups ... and drinking coffee, red wine, playing in a blues band or hitting a golf ball. Email Charlie here.
http://www.damburst.com.au

Related Posts

  • Keeping Santa’s smile sparkling with seamless dental tech

    Keeping Santa’s smile sparkling with seamless dental tech

  • PictureWealth makes its first move overseas

    PictureWealth makes its first move overseas

  • Startup launches to help our towns

    Startup launches to help our towns

  • Mortgage Mates 2.0 launched

    Mortgage Mates 2.0 launched

  • New platform set to make a difference

    New platform set to make a difference

  • Help your iSelf and manage your health insurance costs

    Help your iSelf and manage your health insurance costs

Subscribe FOR FREE!
All of WA's startup news and forthcoming events in one handy end of week wrap...

Startup West Podcast:

49: Freo Startup Fest Panel

Startup West · 49. Freo Startup Fest Panel – VGW, WeMoney + Bunsters

You can listen to all episodes on Soundcloud or search for ‘Startup West’ on your favourite podcast platform.

SEARCH STARTUP NEWS…

Thanks to our wonderful sponsors…







Upcoming Events

Jan 26
All day

Western Australia: Australia Day

Jan 27
5:30 pm - 7:30 pm

Pitch Night #1 – SOLD OUT

Jan 27
6:00 pm - 7:30 pm

Lean Startup First-Timers: Getting Started with Customer Development!

Jan 29
4:30 pm - 6:30 pm

CORE Industry Networking Drinks

Feb 3
7:30 am - 9:00 am

How to become an ISV – Building your start-up on an Established SaaS Platform

View more

Categories

  • 'Startup West' Podcast (49)
  • Events (276)
  • Interviews (85)
  • News (1,094)
  • Opinion / Advice (123)

About Us

  • Home
  • About Us
  • What’s a ‘startup’?
  • What’s ‘news’?
  • Write for Us
  • Editorial Guidelines
  • Complaints Policy

Lets get social!

  • facebook
  • twitter
  • linkedin
  • youtube
  • rss
© 2013-20 Startup News Australia Pty Ltd ACN 625 904 190