"I would rather see them put the money into a home deposit. I think the security of their own home should take precedence over a big, flashy day," Frances tells Paul Clitheroe.
bank of mum and dad
22 results tagged bank of mum and dad:
You've been saving up for a house deposit and it feels like you're getting nowhere. If you're fortunate, your parents might help you out. But you need to know the risks.
Should Mary give her son the money to avoid stamp duty, she asks Paul Clitheroe, or put the property in her name and lose the part pension?
Gina Rinehart has topped the AFR Rich List for the fifth consecutive year. Her $40.6 billion wealth is 40,000 times that of the average Aussie household.
Think being gifted a house deposit would solve all your problems? Borrowing from the Bank of Mum and Dad comes with its own risks.
"They work but they seem to prefer to spend their own money on holidays and eating out, then approach my wife when there are bills to be paid," Bryan tells Paul Clitheroe.
Skyrocketing rents and high living costs mean younger Aussies are staying in the family home longer. Here's how to make it work for everyone.
This week, Paul Clitheroe advises Chris and her husband who bought their single-mum daughter a house and now want her to take over the mortgage.
Looking for a high-interest savings account? Not all are created equal. Here's how to find the right one for you.
From hitting up the bank of mum and dad, to purchasing property with a friend, not having a 20% deposit doesn't have to stop you from buying a home.
