{"id":23981,"date":"2020-03-04T14:24:59","date_gmt":"2020-03-04T01:24:59","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=23981"},"modified":"2020-03-04T14:25:07","modified_gmt":"2020-03-04T01:25:07","slug":"aussie-bank-sees-26b-lending-spike","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/aussie-bank-sees-26b-lending-spike\/","title":{"rendered":"Aussie \u2018bank\u2019 sees $26b lending spike"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:  Mozo director Kirsty Lamont notes that the Bank of Mum and Dad will only be getting more involved in the property market. Mozo director Kirsty Lamont notes that the Bank of Mum and Dad will only be getting more involved in the property market.<em><em>Source:Supplied<\/em><\/em> <em><em>Source: Supplied<\/em><\/em> <\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\"> <strong>Many first-home buyers are struggling to get onto the property ladder, but there is one major lender that is changing the market, offering unique services and deals that others can\u2019t match.<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether they\u2019re already in retirement, or heading that way, Baby Boomers and some Gen X parents appear to have got a new pastime \u2013 playing the property game on behalf of their grown children.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Contributions from the \u201cBank of Mum and Dad\u201d are up 41 per cent in last two years, with the older generation lending a total of $92 billion in property assistance, according to data from mozo.com.au.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond just the financial support, parents are also literally putting their hand up to help on auction day according to the Real Estate Buyers Agents Association (REBAA).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/a6be3849de038bc73836220f6ff5bc4b?width=650\" alt=\"Rob Bakos bought a home with the help of his parents. Picture: Wayne Taylor\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Rob Bakos bought a home with the help of his parents. Picture: Wayne Taylor<em>Source:Supplied<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/australian-housing-market-bank-of-mum-and-dad-spikes-to-more-than-92-billion-in-property-assistance\/news-story\/0b9c44794acd667ad94e3744b38e17dd\">NEWS.COM.AU<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Mozo director Kirsty Lamont notes that the Bank of<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/aussie-bank-sees-26b-lending-spike\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478108919,478099464,478099519,478098566,478099197,478105764,478098752,478108920,478103355,478108921,478099635],"class_list":["entry","author-data123nz","post-23981","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-aussie-bank","tag-australian-property","tag-australian-property-market","tag-first-home-buyers","tag-first-home-deposit","tag-first-home-loan-deposit-scheme","tag-first-homebuyers","tag-gen-x","tag-mortgage-finance","tag-mozo","tag-rebaa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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