The Bank Of Mum & Dad - Part 2
Consume This
English - May 05, 2022 14:00 - 35 minutes - 80.5 MB - ★★★★★ - 1 ratingGovernment Society & Culture consumer nz new zealand sustainability jon duffy consumer advice sophie richardson climate investigation health education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The Bank of Mum and Dad plays a sizeable role when it comes to helping young home buyers on the property ladder. Consume This research has found the Bank of Mum and Dad (BOMD) has doled out a whopping $22.6 billion in loans. That make it the fifth largest lender after ANZ, ASB, Westpac and BNZ when it comes to owner-occupier loans.
Last time up we heard from the borrowers. In this episode... It's the turn of the bank. Noel Bates & Bob Metcalfe share their efforts to help their children into a home. Brandon Vaaulu reveals his technique for getting ahead with out the bank of mum and dad. Plus Economist Shamubeel Eaqub takes a look at what we could do to make things easier for first-home buyers - and their parents!
You can find out full Bank Of Mum & Dad research report here.
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