UPDATE: In a groundbreaking move for family living, siblings Grace and Pierce Roseby have just secured a $1.9 million deposit on a new off-the-plan apartment in St Leonards, Sydney. Their parents, Michele and David Roseby, are also making a significant life change by purchasing a neighboring apartment, creating a unique living arrangement designed to keep family ties strong as the kids transition into adulthood.
The Roseby siblings, both in their twenties, are excited about this new chapter, stating it will allow them to embrace independence while still enjoying the comforts of home. “It will be the best of both worlds,” says Grace, a 25-year-old schoolteacher. She adds that the arrangement will foster greater financial responsibility for both her and Pierce, who at 23 works in tech sales and plays VFL football for the Sydney Swans reserves.
The siblings co-invested in a two-bedroom apartment at the new masterplanned community known as The Collective. “It was a great opportunity to get into the market,” Pierce shared, emphasizing the project’s prime location, which offers easy access to the city, metro transport, and a vibrant array of cafes and shops. The siblings were also supported by their parents, who contributed $50,000 each towards the deposit, highlighting the growing trend of parental financial assistance in real estate.
As the family prepares to downsize from their long-time home in Riverview, this innovative living arrangement represents a shift in how families are navigating urban living. “We felt the development would work out really well,” Pierce remarked, noting the benefits of being close to their parents while still establishing their own space.
This dynamic change in family living situations underscores a broader trend among young adults seeking to maintain close familial connections while also pursuing personal growth and independence. As urban areas continue to evolve, the Roseby family’s decision reflects a practical and emotional approach to modern living.
Authorities and real estate experts are closely watching how this trend develops, as more families may consider similar arrangements to balance independence with support. With construction set to be completed soon, the Rosebys are gearing up for a new lifestyle that promises both togetherness and personal freedom.
Stay tuned for further updates on this evolving story as the Roseby family embarks on this exciting journey together.
