Oct
09
Meet the Parents, Australia’s Fastest-Growing Housing Lender
ByThe kids are alright (until interest rates rise).
Images Of Retirees As Australia’s $1.5 Trillion Pension System Failing
Beset by lending curbs and bubble-esque prices, first-time home buyers in Australia are turning to a rapidly growing source of finance: The Bank of Mom and Dad.
More parents are taking advantage of record-low interest rates to refinance their properties and help their grown-up kids onto the housing ladder amid sky-rocketing house values. Digital Finance Analytics estimates the number of Aussies getting help from their parents has soared to more than half of first-home buyers from just 3 percent six years ago…
Meet the Parents, Australia’s Fastest-Growing Housing Lender
