Greg Allen-Baines
Greg Allen-Baines is a real estate agent based in Mahurangi, north of Auckland, known for his insights into the housing market. He estimates that parental financial assistance, often referred to as the 'Bank of Mum and Dad,' plays a role in 30% to 40% of first-home purchases, highlighting the challenges faced by young buyers in meeting mortgage lending thresholds.
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New Zealand:
Greg Allen-Baines estimates parental help is in play '30% to 40% of the time' for first-home buyers.
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