Mary Jekki-Acosta
(front) was able to get a brand new home with the help of her parents-in-law
Francisco Acosta and Maria Elena Montaez. Picture: Toby Zerna
Cashed up parents bankrolling their children’s property purchases are fast becoming a formidable force at Sydney auctions.
Real estate agents and mortgage brokers are seeing a
surge in the number of parents providing financial support to help their kids
buy due to a fear of missing out fuelled by rising house prices.
The support from the bank of mum and dad is enabling many young house hunters to become an unstoppable force by having additional cash to fend off high levels of competition for property at the moment.
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