Stepping Stone: Navigating the Property Market as a Parent-Child Team

It's not uncommon for our clients to want to assist their children to get into the property market. Particularly in our major capital cities, we all know that prices are at levels that make it very difficult to accumulate an appropriate deposit and be able to service the level of debt required.

Usually, parental assistance in the property market is achieved through a gift, or a lump sum of money to supercharge the deposit. Sometimes, parents might go guarantor on a loan, with all the risk this entails.

Recently I've been working with some clients who have a slightly different take on how they would like to help their kids. In the medium term, they do want to be able to assist their children to get into the property market. But in the short term, their priority is about helping them transition from living in the family home to becoming independent adults.

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