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Moving in with parents (or in-laws): The popular way to save for a home deposit, new survey shows

But space can be an issue…

Cutting the apron strings is no longer the permanent move it once was – and many Aussies are moving in with their parents or in-laws to save money, the latest survey from has shown.

“It appears most of us have moved in with parents or in-laws to save for a home deposit or other major expense – or, myself included, while renovating or building a home,” says Will Keall, national marketing manager of “Our survey, which examined Australians’ motivations for returning to the nest as adults, showed that more than three quarters of respondents had moved in with their parents or in-laws in a bid to save money.

“The most popular reason for moving in with parents or in-laws was to save for a house deposit (a quarter of respondents). Most of those who used this method to get a foot on the housing ladder were in the age when many start to think about settling down – 25 to 34.

“It was interesting to note that we’re apparently never too old to go home, with 45 to 64-year-olds most likely to return to their parents while renovating or building.”


More than half of respondents (57 per cent) said they’d gone home to their own parents, with South Australians (over two thirds) leading the way. West Australians seem to love their in-laws more than most, with more than a quarter (28 per cent) moving in with in-laws, as opposed to 16 per cent of other Aussies.

Victorians were a tad more independent, with only 64 per cent heading home to mum and dad or the in-laws, compared with 76 per cent across all states.

The majority of respondents (63 per cent) moved out within a year, with NSW respondents the quickest to move out (68 per cent within 12 months). “WA respondents stay they longest, with only 55 per cent moving out within the first year, and nearly one in five (18 per cent) staying more than two years,” says Keall.


Give me space!

Of course it’s to be expected that there will be friction between the generations, with lack of space and privacy the greatest source of tension at 30 per cent. “More than one third of respondents didn’t have separate quarters or even a bathroom of their own, while 45 per cent had their own space and nearly one in five were lucky enough to have their own separate part of the house or a duplex,” Keall adds.

Then, of course, came the eternal bugbear of housework. “The 18 to 24-year-olds showed that teenage rebellion against helping with the chores endured, with over a quarter of them listing division of housework as a significant friction point,” Keall says. “But many of those in the younger demographic also used ‘helping with the housework’ to justify not paying rent or board, leading to them being 49 per cent less likely to pay rent or board than over 25s.”




The added strain that comes with children was generally avoided, with half of respondents moving home as a couple and only 20 per cent arriving with kids in tow.

Apparently we develop a greater sense of responsibility as we age, with 40 per cent of 18- to 24-year-olds leaving the cooking to mum and dad. “As a general rule, the older the respondent, the less likely they let their parents/in-laws cook for them,” Keall says.


Other findings of the survey included:

  • 18 per cent of respondents moved in with parents/in-laws because they couldn’t afford rent or mortgage payments; and 18 per cent cited renovating or building their own home as the reason
  • Marriage or relationship breakdowns were also a key reason (16 per cent), although West Australians bucked the national trend at 11 per cent
  • Other reasons included health reasons, to seek help with childcare, moving home after living overseas, and while looking for a new home
  • Those aged 18-24 were least likely to have paid board or rent
  • WA respondents were most likely to pay board or rent (59 per cent compared with 45 per cent across the states), while Victorians were least likely to pay board/rent (36 per cent)
  • Sometimes the tables were reversed, with some respondents reporting that their parents/in-laws had moved in with them
  • Familial love and care was on show, with some respondents moving home to care for a widowed or ill parent


For more information on’s Living with Parents survey findings, click here.


About Homeloans Ltd –

Founded in 1985 and listed on the Australian Stock Exchange in 2001, Homeloans Ltd (ASX:HOM) specialises in home loans, and has a wide range of products to meet the needs of all types of customers, from first home buyers to investors.

With an Australia-wide presence, Homeloans provides a refreshing alternative to the banks for home finance. The mortgage provider has a clear focus on customer service, and has won a number of industry accolades including the Mortgage and Finance Association of Australia (MFAA) Mortgage Manager of the Year Excellence Award 2009, 2010 and 2012, and Best Non-Bank Lender at the 2011 Australian Lending Awards. Homeloans offers a generous customer benefits program and is proud to support Carbon Conscious, planting a tree for every Homeloans loan settled.

For further information:
Lisa Llewellyn

Llewellyn Communications
m : 0419 401 362
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Lisa Llewellyn

Lisa started her working life as a property and financial journalist, working for media outlets including BRW, Radio 3AW and Australian Investment magazine. She turned her hand to PR and opened a boutique PR consultancy in 2001.

The opinions expressed in this article are the opinions of the author(s) and not necessarily those of Homeloans Ltd.