Parents are helping their children purchase property sooner.
Parents are increasingly doing the heavy lifting to help their kids get into the property market – and for many, that means dipping into their own savings.
According to Mozo’s ‘Bank of Mum and Dad’ 2025 report, the average parental gift towards a home deposit is $74,040. Most of that is coming straight from the bank account – with 54% of parents using savings, 29% relying on their income and 19% trimming back expenses.
A small number are taking on riskier strategies, like borrowing or using credit cards, to provide support.
The money is also increasingly given without any expectation of repayment. In 2021, just 33% of parents were offering deposit help as a gift. Now it’s 75%.
With property prices still climbing and deposits edging towards $200,000, the next generation of first-home-buyers is depending more than ever on family support.
About the author – Alex Veljancevski is a Sydney mortgage broker with Eventus Financial, which assists first home buyers, investors, upgraders and borrowers seeking to refinance to a better deal on their home loan.