/ 23 June 2023

The bank of mum and dad prefers boys

Image source: Getty
Image source: Getty

About 2 in 5 young Aussies rely on their parents for a financial leg-up to get into the property market, but according to new research from the Australian Housing Monitor, sons are more likely than daughters to get a handout. The report – which surveyed more than 4,200 people – found that 47% of male first-time home buyers got some cash from their parents or their partner’s parents over the past decade, compared to 30% of women. And over the past 20 years, daughters have received about two-thirds of what their brothers are getting from their folks. Housing researcher Matt Lloyd-Cape reckons that stacks up with the evidence that sons often get more in inheritance from the parentals as well. Emma Dawson from think tank Per Capita says the “gender gift gap” further disadvantages women in a housing deck that’s already stacked against them.

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