The Bank Of Mum & Dad
She's On The Money
00:00
How to Track Your Parents' Financial Security
60% of first-time home buyers are getting financial help from their parents with parents contributing an average of $92,000 in 2021. That's enough for a 20% deposit in most parts of Australia. And it is more than what actual lenders like the Bank of Queensland, HSBC, AMP, the Heritage Bank, Beyond Bank, and the Greater Bank currently have in outstanding loans.
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