{"id":18084,"date":"2019-04-13T12:51:09","date_gmt":"2019-04-13T00:51:09","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=18084"},"modified":"2019-04-13T12:51:09","modified_gmt":"2019-04-13T00:51:09","slug":"buyers-still-relying-on-the-bank-of-mum-and-dad-to-get-into-the-property-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/buyers-still-relying-on-the-bank-of-mum-and-dad-to-get-into-the-property-market\/","title":{"rendered":"Buyers still relying on The Bank of Mum and Dad to get into the property market"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Buyers are still struggling to get the money for a deposit.\u00a0<span class=\"image-source\"><em>Source: Supplied<\/em><\/span><\/strong><\/p>\n<p>Less and less first home buyers are relying on their parents for financial help, but it\u2019s clear the \u201cThe Bank of Mum and Dad\u201d is still well and truly open for business.<\/p>\n<p class=\"description\">Since the Royal Commission into banking and the slowdown of the property market, the proverbial belt has tightened, making money harder to come by for first-home buyers.<\/p>\n<div class=\"story-content\">\n<p>There is one lending institution, however, that is rethinking its model to stay in the game.<\/p>\n<p>Coined \u201cThe Bank of Mum and Dad\u201d, this unofficial financial organisation has an estimated $30 billion currently on loan, placing it in the top 10 of lending institutions in Australia based on APRA\u2019s (Australian Prudential Regulation Authority) latest figures.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/sydney-nsw\/buyers-still-relying-on-the-bank-of-mum-and-dad-to-get-into-the-property-market\/news-story\/579a497089fa6bfb533c783736ae977d\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Buyers are still struggling to get the money for<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/buyers-still-relying-on-the-bank-of-mum-and-dad-to-get-into-the-property-market\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":18085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478103092,478098512,478101130,478098521,478099368,478098566,478098542,478098519,478098535,478098522,478098543,478098513,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478099581],"class_list":["entry","author-data123nz","post-18084","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-apra","tag-australia","tag-australian-prudential-regulation-authority","tag-australians","tag-bank-of-mum-and-dad","tag-first-home-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-mortgages","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-royal-commission"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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