“This is an interesting trend where baby boomer parents are giving a leg up to their children. We have several other ways which work for both parent and child that we have been using for several years. I wish I had the same help back when I started” – Mark Hay
The Weekend West
Mr Mellor stressed that the home buyers and investors should not expect that sort of growth over the longer term. In his view, interest rates will be rising again by 2014 and snuff out the upturn. Over the longer term, certainly for this decade, owners should expect average house price growth of around 5 per cent a year, said Mr Mellor.
He and his son, Sushile, had been living in half the home, which was divided by an internal wall, before being forced out and into a caravan park. But this week the tenant, Kelly Lee-Anne Johnson was required to leave under the terms of an eviction order from Armadale Magistrates Court.