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  • Money Magazine

    Parental loans run into trouble

    Jul 31, 2019 2 minutes
    Susan Hely

    The bank of mum and dad is under threat. Ranked as one of the top 10 lenders in Australia, based on figures from the regulator APRA, reliance on the bank of mum and dad (BOMAD) became widespread for first home buyers in a rising market.

    A year ago as many as 60% of first home buyers were getting help from their parents, according

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