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	<title>Money magazine Comments - Bank of Mum and Dad buyers most at risk</title>
	<description>Aussies who borrow money from their parents to fund a property are twice as likely to default on their mortgage within five years, experts warn.</description>
	<link>https://www.moneymag.com.au/feed/latest?story=179795639</link>
	<lastBuildDate>Sat, 02 Jul 2022 14:17:35 +1000</lastBuildDate>
	<pubDate>Sat, 02 Jul 2022 14:17:35 +1000</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Money magazine</copyright>
	<ttl>5</ttl>
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		<title>Money magazine Comments - Bank of Mum and Dad buyers most at risk</title>
		<url>https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png</url>
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		<title>Comment by Rosita Armer ()</title>
		<link></link>
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<p><p>You commence your article about the cost of kindness resulting in children being twice as likely to default, give an example of the Ryde area price drop, but no reason as to why children are more likely to default, so your article says nothing. The reason for the default is that the parents are lending the children money, and thus they are not as vested as the parents and don&#39;t bend over backwards to finance the mortgage. Parents go guarantor and bear the burden and the default if it happens. Assessing the financial future, is a family decision., which should be discussed prior to purchase and include a strategy if anything goes wrong.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Rosita Armer ()</dc:creator>
		<pubDate>Sat, 02 Jul 2022 14:17:35 +1000</pubDate>
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