Banking on Mum and Dad for the Great Aussie Dream

Australia Overnight with Clinton Maynard

With around 30% of first home buyers receiving money from the ‘Bank of Mum and Dad’ it is important both parties are aware of the pros, cons and tax implications on 'banking on mum and dad for the Great Aussie Dream’.

Clinton is joined by Michael Sleiman from First National Real Estate, to discuss the advantages, disadvantages, Australian tax implications and the impact the ‘Bank of Mum and Dad’ is having on other buyers.

See omnystudio.com/listener for privacy information.