Stay updated with breaking news from Ben Arrowsmith. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The bank of mum and dad started off with cash gifts or going guarantor. But the housing crisis has prompted more parents to take matters into their own hands.
The buyer outbid a mix of upsizers and downsizers for the three-bedroom house, which sold for $400,000 above the reserve price.
The vendors were wary about rising interest rates and the cooling market and felt apprehensive about sellin...