History doesn’t repeat but it sure does rhyme. The Great Australian Property Bubble is back in full swing, driven in part by the ‘bank of mum and dad’:
Contributions from the “Bank of Mum and Dad” 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.
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).
