When money is coming from the ‘Bank of Mum and Dad’, a recent study found parents and adult children can have very different assumptions – which they rarely discuss.
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Helping adult children buy homes is risky, especially because what begins as a loan can turn into an unintended gift.
It’s now common knowledge loans and gifts from family are a large part of breaking into the housing market. But how is parental financial support being used in other areas?
Those whose parents own a home are able to take advantage of a wider set of opportunities than others.
Top contributors
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Senior Lecturer in Sociology, University of Newcastle
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Ronald Henderson Senior Research Fellow, The University of Melbourne
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John Curtin Distinguished Professor, Curtin University
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Associate Professor of Sociology, University of Tasmania
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Emeritus Professor of Housing and Housing Studies, RMIT University
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Senior Research Fellow, The University of Melbourne
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Senior Lecturer in Law, University of Newcastle
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TR Ashworth Professor in Sociology, The University of Melbourne