Think about what has happened in the six months since Treasury secretary John Fraser spoke of his concerns for retirement savings of parents who help their children into housing by making withdrawals from “the bank of mum and dad”. House prices in Sydney and Melbourne have continued to accelerate and, anecdotally at least, so has parental financial assistance with their children’s first home. Fraser is worried that helping children into costly housing, as homebuyers or tenants, may inhibit their own abilities to save for retirement, including through their super. Parents can find themselves trying to cope with something of a […]