Path to homeownership paved in good inheritances [Video]

Fannie Bay residents will pass down an estimated $158m in wealth this decade.

Family help is opening the door to homeownership for fortunate Territorians with new research revealing the suburbs forecasted to have the highest inheritances this decade, while the number of first homebuyers turning to family for financial help skyrockets.

New research from Seer Data & Analytics, commissioned by Philanthropy Australia, showed the top 10 NT postcodes where households were set to pass down the largest sums this decade, setting beneficiaries up with funds for homeownership, if not actual properties.

Tied at number one were Fannie Bay and Howard Springs, where an average of $1.36m per household will be handed down between generations from 2021 to 2030.

This worked out to be $158m in total in Fannie Bay and $94m in Howard Springs.

Next up was the Woolner, Bayview and Winnellie area where experts predict $1.3m on average per …