Bank of Mum and Dad – how much help is too much?
Parental support for children trying to get a foot on the property ladder is gaining more traction every year but both parties need to be aware of the risks and rewards.
Parents shopping for homes for their children is increasingly becoming the norm. (Image source: Shutterstock.com)
Recently the Bank of Mum and Dad was ranked the biggest player in the Australian property market.
According to Housing Monitor Research, 40 per cent of parents in 2024 aided their first home buyer kids with housing contributions.
The reality is that parental support has been around for a long time, but it’s changed recently.
From pre-nuptial agreements to gifted deposits, the landscape is changing. Legal considerations are also a point of cont…
