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

By Rachel Ong ViforJ, ARC Future Fellow & Professor of Economics, Curtin University
Christopher Phelps, Research Fellow, School of Accounting, Economics and Finance, Curtin University

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 relatively cheap or free withdrawals of equity from the home.

This turns the home…

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