If Mum and Dad were a bank...they'd be the fifth biggest lender to new homeowners in New Zealand
If Mum and Dad were a bank...they'd be the fifth biggest lender to new homeowners in New Zealand
28 April 2022
New Consumer NZ research has found they've given out 22.6-billion dollars in loans...and are ranked number five behind ANZ, ASB, Westpac and BNZ
Fourteen percent of families surveyed financially supported their kids to buy a property, with an average contribution of 108-thousand dollars.
Three out of five parents don't expect to be repaid.
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