Episode Details
Back to Episodes
Luke Somervell: Renters United President on the renters struggling to save for deposits, first-home buyers seeking financial assistance from family
Published 1 month, 1 week ago
Description
Many first-home buyers are still turning to family for financial assistance to get on the property ladder.
A new survey —commissioned by insurance company OneChoice— has found almost half of respondents are getting help from the Bank of Mum and Dad.
Those who are renting say they feel trapped trying to save for a deposit.
Renters United President Luke Somervell told Ryan Bridge the lack of quality rental properties is making more people wanting to buy their own home.
He says for a lot of people owning a home is the dream, and a way to get out of renting poor quality homes.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.