The 'Bank of Mum and Dad' is now bigger than Kiwibank for handing out home loans.

New Consumer NZ research reveals if parents were a bank, they'd be the fifth biggest lender to new homeowners in New Zealand.

14 percent of families surveyed offered financial aid for their kids to buy a house, with an average offering of $108,000.

First Home Buyers Club director Lesley Harris told Heather du Plessis-Allan where parents are getting the money is the question.

“My concern, obviously, is the impacts on people’s retirement, retirement funds, rest home care.”

LISTEN ABOVE