{"id":23163,"date":"2020-01-16T11:26:13","date_gmt":"2020-01-15T22:26:13","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=23163"},"modified":"2020-01-16T11:26:26","modified_gmt":"2020-01-15T22:26:26","slug":"bank-of-mum-and-dad-aussie-adults-relying-on-parents-for-housing-costs-and-everyday-expenses-survey-finds","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/bank-of-mum-and-dad-aussie-adults-relying-on-parents-for-housing-costs-and-everyday-expenses-survey-finds\/","title":{"rendered":"\u2018Bank of mum and dad\u2019: Aussie adults relying on parents for housing costs and everyday expenses, survey finds"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:  More than half of Australian parents are providing financial support for their adult children. <\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">The \u201cbank of mum and dad\u201d is helping adult children with not only housing costs but everything from fuel and phone bills to holidays, a new survey shows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More than half of Australian parents surveyed subsidise the lifestyles of their adult children, with almost 40 per cent letting them live rent-free and about the same proportionpaying for their groceries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">About one in three parents help pay for mobile phones, internet or other bills, according to a survey by comparison platform Finder, while one in five pay for some or all of their children\u2019s holidays.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another 15 per cent lent or gifted money for a home deposit,&nbsp;15 per cent charged lower rents,&nbsp;5 per cent went guarantor on a home loan and 4 per cent helped with mortgage payments.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" data-src=\"https:\/\/res.akamaized.net\/domain\/image\/upload\/t_web\/v1567404995\/iStock-494352940_ubanbd.jpg\" alt=\"About a third of parents are helping their adult children pay for their mobile phones or other bills.\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><figcaption>About a third of parents are helping their adult children pay for their mobile phones or other bills. Photo: Getty Images<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/bank-of-mum-and-dad-aussie-adults-relying-parents-for-housing-costs-and-everyday-expenses-survey-finds-920638\/\">DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: More than half of Australian parents are providing financial<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/bank-of-mum-and-dad-aussie-adults-relying-on-parents-for-housing-costs-and-everyday-expenses-survey-finds\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478099368,478098824,478098746,478098566,478099197,478105764,478099206,478108405],"class_list":["entry","author-data123nz","post-23163","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-bank-of-mum-and-dad","tag-first-home","tag-first-home-buyer","tag-first-home-buyers","tag-first-home-deposit","tag-first-home-loan-deposit-scheme","tag-home-deposit","tag-property-owenership"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Bank of mum and dad\u2019: Aussie adults relying on parents for housing costs and everyday expenses, survey finds - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/bank-of-mum-and-dad-aussie-adults-relying-on-parents-for-housing-costs-and-everyday-expenses-survey-finds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Bank of mum and dad\u2019: Aussie adults relying on parents for housing costs and everyday expenses, survey finds - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: More than half of Australian parents are providing financialRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/bank-of-mum-and-dad-aussie-adults-relying-on-parents-for-housing-costs-and-everyday-expenses-survey-finds\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News 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