With soaring house prices in all Australian capital cities and many popular regional areas, the “bank of mum and dad” has never been more popular as a way to help your kids get their first step onto the property market ladder, whether to buy their first home to live in or their first real estate investment.
first home deposit
First home buyers benefit from amended Super Saver Scheme
The cap on the amount of contributions which can participate in the First Home Super Saver Scheme will be $50,000 (currently $30,000) from 1 July 2022.
Helping one of your children with a home deposit
More parents are contemplating helping children enter the home market.
Funding a $100,000 child’s first home deposit with an Insurance Bond
Many parents are increasingly worried about the financial burden of their children who are financially unable to afford to leave home before age 30 or even later. An Insurance Bond can help as a dedicated investment to assist their children to meet the financial challenges of accumulating a first home deposit. For grandparents, this is […]
Austock Life is a leading and specialist issuer of insurance bonds investments. Its flagship Imputation Bond (including ChildBuilder) offers a master fund-like menu of over 33 Investment Options constructed under an insurance bond “tax-paid” and “tax-free” distributing structure.