bank of mum and dad

If you were told, as a teenager, that you would grow up to open your own bank, you'd probably start picturing mansions and Maseratis. But if you were then advised that your bank would give out countless interest-free loans with little hope of any repayments ... More

When should adult children move out of home? This is a question that parents often grapple with. There are many reasons why adult kids are living at home longer than any other generation. Even before COVID-19 "boomerang" adult kids were returning to ... More

The Bank of Mum and Dad is often only discussed in terms of what it can do for its children looking to buy a home. In fact, Mozo research repeatedly finds the Bank of Mum and Dad to be the fifth largest home lender in Australia. But this bank's local ... More

Children have a view about whether their parents are fair or not from an early age. If their siblings are overly favoured, they will let you know. It always surprises me when one of my kids has calculated - often to the dollar - what I did for their ... More

The bank of mum and dad is under threat. Ranked as one of the top 10 lenders in Australia, based on figures from the regulator APRA, reliance on the bank of mum and dad (BOMAD) became widespread for first home buyers in a rising market. A year ago as ... More