The life-altering effect of a $100k gift from the bank of mum and dad

Two equally talented, ambitious and hard-working lawyers graduate in 2025. By the age of 65, one is $1.4 million richer. This is why.

The bank of mum and dad can clear many hurdles. In 2025, that can be a life-changing advantage. Bethany Rae

Lucy DeanWealth reporter

Aug 18, 2025 – 5.01am

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Meet Sarah and Adam. They’re two 24-year-olds who will graduate from university with law degrees in 2025. They’re driven and talented young people, and both land well-paying jobs offering them $97,000 a year.

Both live in Sydney, the epicentre of Australia’s housing crisis, but only one has access to the nation’s most generous lender: the bank of mum and dad.

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Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom.