Q. Have you ever lent to or borrowed from money to any of the following people to purchase a home?
Have lent to | Have borrowed from | |
Your parents | 9% | 19% |
Your grandparents | 3% | 4% |
Other relatives | 9% | 6% |
Your children | 11% | 3% |
Friends | 11% | 6% |
Your employer | 1% | 4% |
Just over one in ten (11%) Australians have lent money to their children or their friends to enable them to purchase a home. Just under one in 10 (9%) have lent to their parents or other relatives.
Almost one in five Australians (19%) have borrowed from their parents.