- IT LOOKS like a home isn’t the only thing struggling millennials might miss out on if they can’t rely on help from the ‘Bank of Mum and Dad’. And it’s all thanks to rising house prices.
New research from the Australian Housing and Urban Research Institute (AHURI) by researchers from RMIT University and Curtin University has shown a correlation between university education and intergenerational wealth transfers through housing.
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Millennials inheriting or gifted wealth thanks to rising house prices are more likely to have completed university degrees.