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

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

Majority First-home buyers use ‘BOMAD’ -Domain.com.au

Majority First-home buyers now use ‘Bank of Mum and Dad’ according to domain.com.au The majority of first home buyers now borrow from the ‘The Bank of Mum and Dad’. Accounting for more than $20 billion in property loans, the Bank of Mum and Dad shot 25 per cent higher in the past year. Source: domain.com.au […]