Originally published: Mozo, 29 April 2025
For years, the so-called ‘Bank of Mum and Dad’ has been Australia’s silent property giant, helping first time buyers with home loans and financial lifelines. But Mozo’s latest research shows this lender is evolving, and in fact, this ‘bank’ no longer wants their money back.
Mozo’s Bank of Mum and Dad Report 2025 reveals a significant generational shift, with 75% of the parents providing financial support towards property purchases now doing so without expecting payment. This has more than doubled since Mozo conducted the same survey in 2021, and only 33% of parents said they didn’t expect to be repaid.
“The Bank of Mum and Dad has officially evolved into the Gift of Mum and Dad,” says Rachel Wastell, Mozo’s personal finance expert.
“In 2021, a third of parents helping kids onto the property ladder didn’t expect repayment but now it’s three quarters. That’s not a bank, or a loan… that’s a legacy.”
Research notes Mozo conducted a nationally representative survey of 1,019 Australian parents 18 years and over with adult children, with information collected via Pureprofile in January 2025. This follows on from a nationally representative survey of 1007 Australians aged 18 years and above Mozo conducted via Researchify between June and July 2021.
