Helping a family member achieve their home owning dreams can be a rewarding experience for everyone.


At Auswide Bank, we understand that it may be difficult for some young people to aspire to owning a home of their own.

We also understand that sometimes parents want to help out a first home owner.

Helping your child with their first home purchase can be a rewarding and exciting experience for everyone. You'll be helping them gain some independence and get started on an investment for the future.

Providing a loan applicant can demonstrate they are able to save and make loan repayments in their own right, Auswide Bank provides some opportunities for parents to provide some support.

Depending on the circumstances, we may consider:

  • A non-repayable gift from a parent towards the purchase. A contribution of a minimum 5% deposit is required for a home loan^. All that means is the loan applicant needs to provide 5% of the property purchase price or property valuation - whichever is less. The deposit contribution could come from a range of sources but Auswide Bank will consider a non-repayable gift from a parent towards the purchase.
  • a guarantee from a parent providing independent legal advice has been sought. This simply means that you as a parent will guarantee part of the loan and you will be liable for part of the loan if the repayments are not made.
  • We may also allow you as a parent contribute towards the direct costs of arranging the loan such as government, legal, insurance and application fees and charges.

Of course every family's circumstances are different and Auswide Bank wants to make sure any commitment is a good one for all involved.

That's why it's best to contact one of our Lending Consultant's first for an obligation free discussion.

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This information is a summary of features & benefits only. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Loans are only available to approved applicants offering security in approved property in Australia. Prior to entering into a credit contract with us you should read our Credit Guide.

^Deposit criteria may vary depending on the location and type of property being used as security.