Mano Georgopoulos and Louise Oldman are helping their adult children into the property market with a slightly different take on the Bank of Mum and Dad (BOMAD). Rather than acting guarantor on a mortgage or providing the deposit, they have bought two properties that they have negatively geared and where their children live.

They are among a rapidly growing number of parents stepping in to help their children get into the property market as crippling costs of living and rising interest rates push home ownership beyond reach.