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Bank of Mum and Dad

HomeInsights

Bank of Mum and Dad.


The average price of a home in NSW is $1,184,500, the highest in the country. Canberra is next at $948,500, followed by Victoria at $895,000, with the Northern Territory the lowest at $489,2001. With the target cash rate expected to remain steady at a 12 year high of 4.35% over 2024, the pressure is on parents and family to help the younger generation become homeowners.


Over the last 15 years, home ownership has fallen from 70% to 67% of the population. Over time, declining home ownership will increase the wealth gap in Australia as for many, home ownership is a significant factor in wealth accumulation. According to the Actuaries Institute, wealth inequality is significantly higher now than in the 1980s, with the wealthiest 20% of households currently having six times the disposable income of the lowest 20%2.


The Domain’s First Home Buyer Report 2024 estimates the time for a couple aged between 25 and 34 to save a 20% deposit for an entry level home to be 6 years and 8 months in Sydney, and 5 years and 5 months in Melbourne (the Australian average is 4 years and 9 months). In that time, they are begrudgingly paying rent (or staying with Mum and Dad).



First Home Buyers?



Ensure clarity and protection by documenting loan terms for your home purchase with legal guidance. Consulting a financial adviser  is key to assessing eligibility for schemes aiding first-home buyers.


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Skybots: Practical AI and Agentic Workflows Training Course GOLD COAST 3-4 Dec, 2026

AI-Enhanced Automation for Accounting and Finance Professionals: Leveraging ChatGPT, Copilot & Claude for Innovation and Productivity.

Join SkyBots’ 2-day Workshop in GOLD COAST with automation expert Daryl Aw to revolutionise your workflow using cutting-edge Agentic AI tools including Chat GPT, Claude, CoPilot and Gemini. This workshop is built for accountants, bookkeepers, finance teams, and business owners who want to move beyond basic prompts and turn AI into a reliable, ethical, and practical system for everyday work.


Skybots: Practical AI and Agentic Workflows Training Course MORNINGTON 30 Nov - 1 Dec, 2026

AI-Enhanced Automation for Accounting and Finance Professionals: Leveraging ChatGPT, Copilot & Claude for Innovation and Productivity.

Join SkyBots’ 2-day Workshop in MORNINGTON with automation expert Daryl Aw to revolutionise your workflow using cutting-edge Agentic AI tools including Chat GPT, Claude, CoPilot and Gemini. This workshop is built for accountants, bookkeepers, finance teams, and business owners who want to move beyond basic prompts and turn AI into a reliable, ethical, and practical system for everyday work.


Know Your Numbers Workshop: The Family Lawyer's Playbook

Lunch & Learn Workshop // Thursday 22 October, 2026 - 12:00 - 2:30pm
$110 (incl. GST)pp includes lunch & drink on arrival (this is just cost! be prepared for a wonderful lunch)

Bridging the gap between legal and financial expertise in family law. Many practitioners see the legal issue, but the strongest outcomes for separating clients come from understanding the numbers behind the matter. This practical session provides family lawyers with the financial fluency to spot issues early, guide clients with confidence, and collaborate more effectively with accountants and financial advisers.


SMACKTALK Charity Fundraiser Evening

Fundraising Evening // 9 October, 2026 - 5:30 - 7:30pm
$35pp includes a welcome drink & nibbles

An evening of networking, meaningful conversation and fundraising with Wayne Holdsworth, supporting the vital work of SmackTalk and helping create safer online communities.


Downsizing, Retirement Living & Future Care Seminar

LIVE INFORMATION EVENING 
Wednesday 7 October, 5:30-7:30pm

Most families don't start thinking about retirement living or aged care until they're forced to make decisions quickly. Join us for an informative evening covering retirement living, future care planning, downsizing considerations, aged care costs, estate preservation and strategies to help families make informed decisions before they become urgent. Designed for retirees, adult children and families looking to better understand their options and plan ahead with confidence.


The Critical-5 Financial Metrics That Drive Business Performance

Lunch & Learn Workshop // 18 September, 2026 - 12:00 - 1:30pm
$35pp includes lunch

Many business owners believe growth comes from more sales. But in reality, the strongest and most profitable businesses grow by improving how the business works, not just by selling more. This session is designed to change that. The 5-Critical Financial Metrics is a practical workshop that shows you where small, targeted changes can create disproportionately big improvements in profit, cashflow and sustainability.


Booking the Band? You May Have Just Hired an Employee

Hiring entertainers, promotional staff or event contractors for your Christmas function could create superannuation obligations you didn't expect.


Whose House Is It Anyway?

Helping a family member buy a property may seem straightforward, but the way ownership is structured today could have significant tax consequences years down the track.


Working From Home? It Could Affect More Than Your Tax Deductions

Working from home could have tax implications long after you've stopped claiming deductions. Here's what every business owner should know.


Director IDs: The ASIC Clean-Up Is Coming. Are You Ready?

ASIC's director ID data matching is set to expose outdated company records. A quick review now could save you time, stress and unnecessary penalties later.


The Proposed 30% Minimum Tax on Discretionary Trusts

Just announced this week, draft legislation and explanatory materials with 15 DAY Consultation period!! Enough to give you a headache! These are NOT BETTER FOR YOU. It proposes an alternative to restructuring that would allow existing discretionary trusts to avoid the 30% minimum tax by fixing beneficiaries’ entitlements to income and capital, an apparently simple election with potentially significant long-term consequences. 


Darwin emerges as australia’s strongest property market

Darwin has become Australia's standout property market, recording house price growth of around 16 per cent and unit price growth of around 13 per cent


Live Workshop: Finance Ready So Banks say YES

MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Friday 31 August, 4:00pm-6:00pm
Join our practical, educational workshop designed to help business owners understand the lending process and in preparation for funding conversations, learn how lending decisions are really made and what banks actually look for. 


What the new financial year means for your equipment finance

The start of a new financial year is an ideal moment to review your existing equipment finance commitments.


Key Accounting & Compliance Dates 2026-27

Our annual compliance guide highlights key accounting, tax and business obligations throughout the financial year, including BAS, IAS, WorkCover, payroll, tax return and EOFY planning dates.


5 things to know about buying at auction as spring approaches

The auction environment is deliberately designed to create competition and momentum. Bidding can move quickly, and it is easy to get caught up in the heat of the moment.


Live Workshop: Know Your Numbers

MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Tuesday 25 August, 10:00am-12:00pm
This practical, confidence-building session is designed to give business owners control. Know Your Numbers is a hands-on workshop created specifically for non-financial business owners who want clarity and confidence in their decision-making. 


5 things to know before applying for a personal loan for the first time

Understanding this before you apply helps set realistic expectations and makes it easier to compare what different lenders are offering you rather than what they advertise.


Live Workshop: Rising Insurance and Small Business

MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Monday 24 August, 5:30-7:30pm

This practical, education-first session helps business owners cut through the confusion and take back control of their business insurance decisions.


Why older cars are harder to finance & how to do it right

Financing an older vehicle is a common goal, but it comes with a set of challenges that do not apply in the same way to newer cars.


Spring Selling Season Is Coming – What Buyers Should Do

Spring is consistently the busiest period of the year for Australian property, with more listings, open homes and competition than at any other time.


Make The Most Of Your Peak Earning Years

As income grows, it's easy for spending to grow with it. This article explores practical strategies to help you make the most of your strongest earning years and build greater financial freedom for the future.


B.I.T.E. Business Conference 2026: Connection, Insight and Innovation

B.I.T.E. Business Conference 2026 brought together business owners, leaders and innovators for a day of inspiration, learning and connection. Take a look back at the highlights from another successful event.


Your Will Doesn't Control Your SMSF

Many SMSF members assume their Will determines who receives their super. However, without the right SMSF arrangements in place, the outcome may not be what you intended.


Live Workshop: AI & Automation for Small Business

MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Monday 10 August, 5:30-7:30pm

This practical session, in collaboration with the Mornington Peninsula Shire as part of the Small Business Festival, helps small business owners understand AI and automation and shows how small businesses can use smarter tools to reduce manual work, improve accuracy and create more capacity for growth.


Airbnb & Holiday Homes: What Property Owners Need To Know

The ATO has updated its approach to holiday homes and short-term rentals, potentially affecting deductions claimed by some property owners. Understanding how your property is used could help you avoid surprises at tax time.


Receiving Money From Overseas? Documentation Matters

If family overseas is planning to send you money, it's important to have the right records in place. A recent court case highlights how difficult things can become when documentation is missing


Just Because It's Essential Doesn't Make It Deductible

Many work-related expenses feel necessary, but that doesn't automatically make them tax deductible. Here's what the ATO looks at when assessing a claim


Investing Through a Family Trust? Make Sure the Borrowing Is Structured Correctly

Borrowing through a family trust can be effective, but the wrong structure could put valuable interest deductions at risk.


B.I.T.E Business Conference 2026

Conference // 5 August, 2026 - ALL DAY EVENT
The B.I.T.E. Business Conference 2026 is the Mornington Peninsula’s premier event for bold business owners ready to rethink what’s possible, reinvent how they operate, and reignite their growth. Hear from global keynote speakers including Grant Hackett, Andrew Griffiths and Kate Christie plus local business innovators.


Received an unexpected ASIC registration notice? Stop before you pay

Received an ASIC renewal or company review notice in the mail? Before you pay, here's how to spot third-party correspondence and avoid unnecessary costs.


A Major Change for SMSF Property Buyers

Planning to buy property through your SMSF? A key rule change from 10 August 2026 could impact your options. Understanding the deadline now may help you avoid missing an important opportunity.


Two Jobs, One Tax-Free Threshold

Working more than one job this year? You could end up paying less tax throughout the year and more at tax time. Here's why it happens and how to avoid an unexpected bill.


Negative Gearing - What Actually Changes

The headlines say negative gearing is "gone." For most investors, that is not what the new law does.


The 30% Floor on Capital Gains

From 1 July 2027, the 50% CGT discount will be replaced — for individuals, trusts and partnerships — by two mechanisms working together: indexation of the asset's cost base, and a minimum 30% tax on the resulting net gain.

outsource Elite Broker 2026

outsource Elite Broker 2026


Melbourne office tenants urged to act as supply window closes

Since the beginning of 2025, 62 per cent of occupiers leasing more than 1,000 square metres have either expanded or maintained their footprint.


Investors circle darwin as commercial market momentum

Darwin's commercial property sector is strengthening with rising rents.


Josh Underhill Appointed Partner at SMART Business Solutions

SMART Business Solutions is pleased to announce the appointment of Josh Underhill as Partner, recognising his outstanding contribution to the firm and the clients he supports every day.

Related News

8 Sep

Booking the Band? You May Have Just Hired an Employee

Hiring entertainers, promotional staff or event contractors for your Christmas function could create superannuation obligations you didn't expect.


READ MORE READ MORE
8 Sep

Whose House Is It Anyway?

Helping a family member buy a property may seem straightforward, but the way ownership is structured today could have significant tax consequences years down the track.


READ MORE READ MORE
8 Sep

Working From Home? It Could Affect More Than Your Tax Deductions

Working from home could have tax implications long after you've stopped claiming deductions. Here's what every business owner should know.


READ MORE READ MORE