Business Daily Media

The Times


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The ‘Bank of Mum and Dad’ is exposing older Australians to the risk of financial abuse

  • Written by: Julia Cook, Senior Lecturer in Sociology, University of Newcastle

This article is part of The Conversation’s series examining the housing crisis. Read the other articles in the series here.

Young Australians who would have once been locked out of home ownership are increasingly relying on the so-called Bank of Mum and Dad to get a deposit or to guarantee a bank loan.

The Bank of Mum and Dad has become so...

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