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Survey reveals the sums wealthy parents give kids for house deposits

The Australian Financial Review (AFR) •
October 21, 2026 • 06:00 PM
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With 65 per cent of Boomers playing bank of mum and dad for homes, degrees and living costs, a survey reveals what’s being gifted – and why advisers say it takes careful planning.

Survey reveals the sums wealthy parents give kids for house deposits

In the Bold family, the bank of mum and dad has been open for years. In fact, the bank of grandad is already at work, too.

At 81, retired high school principal John Bold – a father of five adult children and grandfather of five – has already helped finance house deposits, university degrees and first cars .

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