The Great Australian Dream has become a "cruel joke" for many young people, with new data revealing Aussies will struggle to get on the property ladder without substantial help from their parents.
Thousands of young Australians are relying on their mum and dad to help them get on the property ladder with almost 20,000 first time buyers a year receiving financial assistance from parents.
Almost one in five first home buyers wouldn't have been able to save their deposit if it wasn't for the help of their parents, Finder’s First Home Buyer Report 2025 found.
Sarah Megginson, personal finance expert at Finder, revealed to SkyNews.com.au that the "bank of mum and dad has become one of the biggest unofficial lenders in the country".
“This is a real shift over the last few years – our r