Don't buy into the idea that home ownership is just a pipe dream. More than a third of Aussie properties have mortgage repayments lower than than rental payments.
"Most of my examples of using the Bank of Mum and Dad have been quite negative, not so much from a financial perspective but from an emotional and relationship experience," warns financial adviser Chris Carlin.
High property prices make climbing onto the first rung of the property ladder no easy feat but these new products are giving first home buyers a leg-up.
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