Many parents worry their children may struggle to achieve home ownership – but support doesn’t always have to mean writing a cheque.
Research conducted by YouGov for Sharesies found that 50% of parents with children under 18 are concerned their kids may never own a home.
Given today’s property prices, many families can understand why.
Five ways parents can help
- Encourage regular saving habits early.
- Teach budgeting and financial literacy.
- Help children understand how credit works.
- Consider contributing to a deposit if financially comfortable.
- Explore guarantor arrangements if appropriate.
Small steps can make a difference
The reality is that home ownership often requires long-term planning.
Children who understand saving, budgeting and goal-setting from a young age may be better prepared when they’re ready to enter the market.
For families that are able to provide financial support, even modest assistance can sometimes make a meaningful difference.
Every family’s situation is different. Whether you’re thinking about a future deposit contribution or a guarantor strategy, it’s worth understanding what’s possible before the need arises. Get in touch to discuss your options.
