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Young Australians Spill On What Their Parents Still Pay For

The bank of mum and dad.

13/05/2016 4:43 PM AEST | Updated 15/07/2016 12:52 PM AEST
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"Promise I'll pay ya back."

It seems like only yesterday former treasurer Joe Hockey advised wannabe homeowners to "get a good job that pays good money".

More recently, Prime Minister Malcolm Turnbull echoed his old colleague's advice, taking it even further by joking that Australian parents should just "shell out" for their kids. You know, like our nation's housing affordability problem could be solved on that basis. Thanks, Malcs.

Still, the groundbreaking advice from these officials begs the question: how much are Aussie parents already "shelling out"?

We stopped young Australians on the street (all of whom were under the age of 29) to ask if and how their parents still helped out in the finance department.

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