How can I help my children buy property?


As house prices throughout Australia continue to rise, many parents are helping their children get into the property market. You may be able to help yours by:

  • encouraging good money habits―get your children to start saving early with the help of a budget planner or first home saver account.
  • contributing financially―you may be able to gift money for a deposit or sign the home loan agreement as a co-borrower
  • using the equity in your own home―some lenders will allow you to use your own home if you want to act as the guarantor on your child’s loan or provide a family pledge
  • educating your children―help your kids understand all that’s involved in preparing to buy a property.

Parents want the best for their children and while the idea of helping children into the property market can be appealing and may work well for your family, there may be risks for you and your children as situations change.

It’s important to think as far ahead as possible and speak with a financial adviser about the possible consequences before helping your children.


Budget planner calculator (spreadsheet)

Use our Budget planner calculator to help you assess your current financial situation and the amount you may be able to invest.

Download the Budget planner

Important information

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It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.

This information is provided by AMP Life Limited. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.