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Tight lending conditions set to increase first-home buyers’ reliance on bank of Mum and Dad

House

First-home buyers are expected to increasingly rely on the bank of mum and dad to get on the property ladder, despite improving affordability in Australia’s biggest housing markets.

Experts say tighter lending conditions mean more buyers will require parental assistance to buy a home, even though median house prices have fallen in Sydney and Melbourne.

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Reference:  https://www.domain.com.au

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