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The Bank of Mum and Dad Is Now Indispensable

A new study has laid bare the extent to which first-home buyers in Western Australia — and, by extension, much of the country — depend on financial help from their parents. The research found that the “challenging economic environment” for accessing first homes is “weighing heavily upon parents who find themselves playing an indispensable role in their children’s home-buying journey.” The findings raise a further question that many families are grappling with privately: what expectations, spoken or unspoken, come attached to parental generosity of this magnitude?

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