PHOTO: 123RF Almost two-thirds of young people said they would feel bad asking their parents for help and more than half said it would make them feel less independent.
Almost a quarter of young people say the older generations should help first-home buyers into the property market, a new survey shows.
Westpac NZ polled 1000 people about their opinion on parents assisting their children into their first homes.
It found widespread acceptance of the idea: More than half the parents said they would loan money interest-free and only 38 per cent would expect it to be paid back.
More than half would also be willing to act as a guarantor.
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