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First-home buyers seeking family assistance as renters struggle to save

Author
Newstalk ZB,
Publish Date
Tue, 12 May 2026, 11:14am
Photo / File
Photo / File

First-home buyers seeking family assistance as renters struggle to save

Author
Newstalk ZB,
Publish Date
Tue, 12 May 2026, 11:14am

Many first-home buyers are still turning to family for financial assistance to get on the property ladder. 

A new survey —commissioned by insurance company OneChoice— has found almost half of respondents are getting help from the Bank of Mum and Dad. 

Those who are renting say they feel trapped trying to save for a deposit. 

Renters United President Luke Somervell told Ryan Bridge the lack of quality rental properties is making more people wanting to buy their own home. 

He says for a lot of people owning a home is the dream, and a way to get out of renting poor quality homes. 

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