With housing prices where they are, it's no surprise more buyers are leaning on family. But the numbers paint a concerning picture: first-time buyers who receive parental assistance are statistically more likely to default on their loans. We explore why that happens and how skipping key financial lessons; like budgeting, saving, and managing debt, can lead to big problems down the track.

We take a closer look at what's really at stake:

📉 Why financial shortcuts can cost you more in the long run
Getting help with a deposit might get you in the door, but without the financial discipline to back it up, many young buyers end up overwhelmed. We look at how the risks of the Bank of Mum and Dad show up in default rates, overcommitting on loan repayments, and struggling with the realities of homeownership.

💬 The emotional dynamics no one talks about
Family help isn't always "no strings attached." Whether it's subtle pressure about where to buy, expectations about repayments, or feeling indebted in ways that go beyond money, the emotional toll can be real. We talk through how to set boundaries and avoid relational tension, especially when the generosity turns into quiet control.

🛠️ How to use family support without falling into the trap
It's not all doom and gloom. We offer practical advice on how to make the most of parental help, while still staying financially responsible. That includes structuring clear agreements, knowing what you're truly ready for, and understanding the risks of the Bank of Mum and Dad before you take the leap.

📊 Building financial independence, even with a leg up
Just because help is offered doesn't mean you have to say yes. Or at least, not without a plan. We help you think through how to approach property ownership with clarity, ownership, and a long-term mindset that doesn't rely on handouts. Because when it comes to your biggest asset, relying on others without knowing the trade-offs could lead to regret.

By the end of this episode, you'll have a much clearer view of how to weigh family help wisely. You'll understand the less obvious risks of the Bank of Mum and Dad, and know how to guard against them without turning away support altogether.

So if you're wondering whether accepting help from mum and dad is a smart move or a risky shortcut, this episode gives you the clarity you need to move forward with confidence and caution.