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<\/p>\n
Another 47 per cent said they were considering it.<\/p>\n
Of those already lending money to children or grandchildren, the vast majority were reportedly in a sound financial position and rarely worried about meeting bills.<\/p>\n
Ms Browne said some older Australians were in a position to support their children into homeownership but urged people to be mindful of costs in retirement.<\/p>\n
“Health-wise, people need to make sure that they have enough money to secure aged care, for example,” she said.<\/p>\n
She warned gifters and lenders to consider the full implications of their actions.<\/p>\n
Reverse mortgages, for example, can be useful but often come with high interest rates.<\/p>\n
Sky-high rents have been further adding to home buyer pain by making it harder to save up a deposit.<\/p>\n
But fresh numbers from REA Group show advertised rents were unchanged in all capital city markets apart from two in the December quarter of 2024.<\/p>\n
Brisbane and Canberra were the only capitals to record rent increases over the past three months.<\/p>\n
Median advertised weekly rents in Sydney ($730) and Melbourne ($570) flatlined for six months, with rents growing at their slowest pace since late 2021.<\/p>\n
The relief comes at a time when housing affordability in Australia continues to deteriorate, as households buckle under the strain of cost-of-living pressures.<\/p>\n
The figures were good news for renters, REA Group senior economist Paul Ryan said.<\/p>\n
“We’re seeing, broadly, the market come back into a bit better balance between renters and landlords in a bit more rental availability,” he said.<\/p>\n
“More investors are responding to higher rents by purchasing rental properties and making them available.”<\/p>\n
– WITH AUSTRALIAN ASSOCIATED PRESS<\/p>\n","protected":false},"excerpt":{"rendered":"
Many Australians are turning to the Bank of Mum and Dad to get a foothold on the property ladder, though as many as one in 20 parents could be risking a financially stable retirement. About six per cent of parents have gone into debt to help their children or grandchildren, with about two per cent […]<\/p>\n