There’s more evidence today of Australia’s woeful housing affordability forcing first home buyers (FHBs) to resort to unconventional means to secure a home, with Fairfax reporting a big rise in the number of FHBs using financial assistance from their parents to obtain a mortgage:
National Australia Bank says the proportion of first home buyers signing up for loans with the bank who have the backing of a family member has lifted to 6.7 per cent from 4.8 per cent in 2010…
