• The place to find the right expertise and make better decisions
  • Find the right expertise
Pat E.
Pat E.
Orange, NSW

Eldest daughter is 29 and we want to help her buy a home. She has a good job earning 87,000 and pays 300 rent a week in Sydney. Can we give her 50,000 to buy, get a loan - we don’t want to be on the loan?

8 months ago


Hi Pat,

Very exciting that your daughter is looking at her first home purchase. To answer your question you can definitely give her the $50,000, a lender will just need to see that this is a non-refundable gift that you are giving her, so that this can be used as her cash deposit.

If you would like me to look at our panel of 25+ lenders for you to see what is out there that would suit her needs please contact me and I will get a few more details from you and can go ahead with getting you figures on what she will be able to borrow.

I have had a couple of cancellations this week so if you get in touch by tomorrow I should be able to get figures to you by COB Thursday.

Kind regards,
Jacqui Milway

Hi Pat,

Good on you for helping! Yes you can, there are many lenders that don’t have a problem with that.

Happy to answer any questions you have. Please don’t hesitate to contact me at anytime.


8 months ago

Thanks Jacqui and Zaid for the information, we will let our daughter know and so she can get in contact

Your Answer

If you wish to include a video or audio response, you can do this by including links to Youtube, Vimeo or SoundCloud (https://www.youtube.com/watch?v=xxxxxxxxxx OR https://vimeo.com/xxxxxxxxx)

<% error.message %>