Borrowing from the bank of Mum and Dad
If you’re struggling to save for a deposit, or find your dream sooner than reaching your required deposit amount, there may be other options that will get you into your first home faster.
With property affordability getting increasingly tricky for some, many first home buyers are reaching out to their families for financial assistance to help increase their borrowing power. Partnering up can reduce the financial burden and may mean you can afford a better quality property with greater growth potential than if you bought solo.