Daughter favourably placed with good place to live (8)
I believe the answer is:
dwelling
'place to live' is the definition.
(thesaurus)
'daughter favourably placed with good' is the wordplay.
'daughter' becomes 'd' (genealogical abbreviation).
'favourably placed' becomes 'well in' (I've seen this before).
'with' says to put letters next to each other.
'good' becomes 'g' (abbreviation).
'd'+'wellin'+'g'='DWELLING'
(Other definitions for dwelling that I've seen before include "Habitation" , "Domicile" , "Harping" , "lodge" , "Living, residing" .)