We don’t need to tell you that Australian housing affordability is a real problem atm – y’know, if you don’t own one.
Former Treasurer Joe Hockey (in)famously advised would-be home owners last year to “get a good job“, while just this week Malcolm Turnbull joked that wealthy parents should “shell out” to help their kids get on the property ladder.
Spoiler: it wasn’t a joke. That honest-to-god might be the only way to ever buy your first home, with research by ME finding that 26% of people who bought their first home over the last five years did so with financial help from their fam.
Sadly, calling Turnbull “Daddy” is highly unlikely to convince him to help you buy that $2.7 million penthouse with harbour views, but there’s no research to say it won’t, either. Consider it an option.
Photo: Getty / Stefan Postles.