Young Australians, eager to stand on their own two feet, are facing the harsh reality of having to rely heavily on their parents to help them buy a home. A survey of 1,006 people nationwide, conducted for non-bank lender State Custodians Home Loans, found one in three respondents who don’t own a home admit they’ll
Parents have helped their children buy homes for generations. Back then, it was often via a cash gift that their child – often newly married – could use as a deposit. Today, many parents are equally interested in helping their children, especially when property prices have made saving a deposit more difficult for first home buyers.