Essential Report

Funding home purchases

Nov 1, 2016

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.

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