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Bank of Mum and Dad makes comeback as house prices jump

Want to help your offspring into their own home? Lender offerings with fewer twists could help out.

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The Bank of Mum and Dad is making a comeback as anxious parents help their children into the property market amid concerns a recovery will price them out.

Anna Hacker, of Australian Unity Trustees, says to make sure any gifting of deposits is carefully documented. 

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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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    Original URL: https://www.afr.com/wealth/personal-finance/bank-of-mum-and-dad-makes-comeback-as-house-prices-soar-20191016-p53170