bank of mum and dad

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

Empty nests may soon be a thing of the past as younger generations find it ever more difficult to secure their own home. The Reserve Bank of Australia (RBA) recently lowered the official cash rate by 25 basis points to a record low 0.5% to support the ... 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