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Ask Michael Anything [Video] – How can I help my child get into the property market?

Every parent wants to give their child the best possible start at life, including ensuring their financial future. 

This week watch Michael explain and discuss the many ways parents can help their children enter the property market, whilst also teaching them to be financially responsible.

This week’s question:

How do I help my daughter get into the property market?   parent money family

I have a 30-year-old daughter with a steady job, but she hasn’t saved much during her working life.

She’d like to buy her first property but doesn’t have sufficient deposit.

And of course, house prices are so expensive today.

How can we help here?

David Harvey

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Australia's leading independent property commentator, brings together leading authorities on the property market. Each week at Real Estate Talk we take a fresh look at the property market so you get all the facts to help you make the right choice.
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'Ask Michael Anything [Video] – How can I help my child get into the property market?' have 2 comments

  1. Avatar for Property Update

    March 31, 2017 @ 8:27 pm Rob

    I discourage parents from using their own home as collateral. If the kids fall behind with their mortgage, the parents will have to cough up or risk losing their home. Not and easy decision to make. My wife and I were asked for help and we had to decline on the basis of their financial illiteracy. Its a no win situation.

    Reply

    • Avatar for Property Update

      March 31, 2017 @ 8:41 pm Michael Yardney

      Rob. I understand your point of view, but teaching your children financial literacy is a parent’s responsibility

      Reply


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