1/3 of first home buyers going to ‘Bank of Mum and Dad’
New report finds Bank of Mum & Dad is nation’s fifth biggest lender, ahead of ING DIRECT and Suncorp
29% of Australians aged under 34 are reliant on their parents to provide a deposit for a mortgage, a new survey has revealed.
A further 26% of first home buyers said they were waiting on inheritance to help them buy.