Business
Bank of mum and dad may shut for Millennial first home buyers – The Australian Financial Review
Millennials expecting their parents to help them crack the property market might be in for an unpleasant surprise, according to Canstar’s fourth annual Consumer…
The report revealed that mortgage repayment deferrals and government stimulus packages, such as HomeBuilder, to support the property market through the COVID-19 pandemic and related recession are helping consumer confidence, with 36 per cent of respondents indicating they expect prices to continue to grow at a steady pace.
However, 17 per cent of respondents expect prices to either ease or crash at some point, while a further 19 per cent are unsure what will happen to property prices in their state…
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