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7 Nov 2025 10:17
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  •   Home > News > Business

    If Mum and Dad were a bank...they'd be the fifth biggest lender to new homeowners in New Zealand

    If Mum and Dad were a bank...they'd be the fifth biggest lender to new homeowners in New Zealand


    New Consumer NZ research has found they've given out 22.6-billion dollars in loans...and are ranked number five behind ANZ, ASB, Westpac and BNZ

    Fourteen percent of families surveyed financially supported their kids to buy a property, with an average contribution of 108-thousand dollars.

    Three out of five parents don't expect to be repaid.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     07 Nov: Power has been restored to the Far North but residents are being asked to continue to conserve power today
     07 Nov: Luxury retailer Faraday's will be opening a 30 million dollar development on Auckland's Queen Street
     07 Nov: Our largest electricity gentailer is welcoming two major announcements for the energy sector
     07 Nov: The country's largest electricity "gentailer" is welcoming changes to the Government's 200-million dollar co-investment in gas
     06 Nov: Labour Weekend - and weather - played a big role in consumer spending in October
     06 Nov: Air New Zealand's changing its pet travelling rules - restricting crate-size limits for smaller aircraft on regional routes
     06 Nov: New Zealand has outpaced Australia - in securing its own Michelin Guide
     Top Stories

    RUGBY RUGBY
    The All Blacks locks are getting less experienced by the week on the grand slam tour More...


    BUSINESS BUSINESS
    Power has been restored to the Far North but residents are being asked to continue to conserve power today More...



     Today's News

    Entertainment:
    Sir Daniel Day-Lewis has hit out at Brian Cox for starting a "conflict" about method acting 10:07

    Accident and Emergency:
    Horror in Rotorua overnight - with a fatal collision between a car, and a bus carrying children 10:07

    Environment:
    Geopolitics, backsliding and progress: here’s what to expect at this year’s COP30 global climate talks 10:07

    International:
    Fears IDF's 'Yellow Line' splitting Gaza in two 10:07

    Entertainment:
    D'Angelo was laid to rest over the weekend 9:37

    International:
    Israel strikes several areas in southern Lebanon, says it targeted Hezbollah weapons storage 9:37

    International:
    Andrew Mountbatten Windsor summoned by US Congressional panel over Epstein ties 9:37

    Entertainment:
    Jessie J's "whole world has changed" since she was diagnosed with breast cancer 9:07

    Rugby:
    The All Blacks locks are getting less experienced by the week on the grand slam tour 8:47

    Entertainment:
    Drew Barrymore had a breast cancer "scare" 8:37


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