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AN increasing number of Gold Coast parents are putting their own homes at risk to help their kids get on the property ladder.
New figures released by the Mortgage and Finance Association of Australia show parental guarantee loans, where the borrower uses the equity in their parents’ home as security for their mortgage, are making up one in every six loans written by many brokers.
READ MORE VIA GOLD COAST BULLETIN
An artist’s impression of a Gainsborough Greens home in Pimpama. Picture: Adenbrook Homes