Government-backed reverse mortgage scheme gaining traction
Soaring number of seniors participate even as commercial reverse mortgage market dwindles Source: Government-backed reverse mortgage scheme gaining traction
Soaring number of seniors participate even as commercial reverse mortgage market dwindles Source: Government-backed reverse mortgage scheme gaining traction
I am aged 86 and was working until 2019 taking in international students, but now I have used all my savings and the only asset I have is my home.…
Former Westpac CEO Brian Hartzer and ex ANZ New Zealand CEO Jenny Fagg have teamed up to launch a new bank, called 2Be, aimed at Australians 55-75 years young wanting to help their…
At the last election, older Australian voters determined the outcome, sending a strong signal not to burden their residential property with new taxes. Those same senior citizens have had their…
Australian retirees die with most of the super they had when they finished work. There’s a measure in the budget that threatens to entrench that. Source: The budget super giveaway…
The Home Equity Access Scheme is often thought of as a ‘government reverse mortgage’ With the recent changes to the Federal Government’s Home Equity Access Scheme (previously known as the Pension…
Understand how a reverse mortgage or other equity release product works. Get independent advice before you go ahead. Source: Reverse mortgage and home equity release - Moneysmart.gov.au
A new Western Australian fintech focused on addressing residential lending challenges for older Australians is set to disrupt the traditional lending market by becoming Australia’s first specialist home loan lender…
Home equity release could substantially boost retirement incomes. But convincing Australians to use it remains a challenge. Source: Equity release a key to secure retirement - Grattan Institute
Whoever wins the 2022 federal election should move quickly to help poorer Australians buy their own home. Source: Live the dream with shared equity - Grattan Institute