THERE’S a new bank in town and it’s growing rapidly – the Bank of Mum and Dad.

Young home-buyers are increasingly turning to family for help with financing their first home. RateCity spokeswoman Laine Lister says almost a third of first-home buyers receive some financial help from family, but there are risks on both sides of the arrangement.
 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email [email protected] or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.