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The Times

Young homeowners are more likely to use their home as an ‘ATM’ than their Boomer parents. Here’s why

  • Written by Rachel Ong ViforJ, ARC Future Fellow & Professor of Economics, Curtin University
Young homeowners are more likely to use their home as an ‘ATM’ than their Boomer parents. Here’s whyBricolage/Shutterbox

For many Australians, the family home is their largest financial asset. With an increasing variety of ways to tap into home equity, the temptation to access this wealth is ever growing.

Homeowners increase the debt owed on their home when they borrow against their equity. Standard mortgage home loans now provide facilities for...

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