I do remember, though, that in NZ there was a government mortgage available for first home buyers at 3%.
That figure is a bit irrelevant, however, when I can't remember what other interest rates would have been at the time.
We saved the deposit for our house by both living with parents before getting married, and both working two jobs for some years.
No. It was no less risky then than it is now. We were given money towards buying the block of land as a wedding present by my parents. Imo it's fine to give your kids some help as long as they're making every effort themselves, never if they have a sense of entitlement and expectation that you should do it.Does anyone know if going guarantor on a property was a common thing 20-30 or 40 years ago?
Often far more useful at that stage of their lives than when you die.