Reverse Mortgage Loan Broker Australia

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Australia’s #1 Reverse Mortgage loan broker

Since launching in 2006, Seniors First has helped thousands of people over sixty release home equity for cash.

And it's no wonder, because there are good reasons why it’s better to use a broker when applying for a Reverse Mortgage loan:

Access many lenders at once
Easily compare Reverse Mortgage loans
Deal with experts in getting loans approved
Learn how to minimise interest charges
Find a low rate & get a great deal

The Seniors First team are ready to help you too.

And when it’s time to apply, we’ll do all the legwork for your loan application, while you kick back & avoid the hassle.

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Rated 4.9 stars on

“Sincere thanks to Andrew and Seniors First .. the loan has been life changing.”

Deborah Collett

Colin Thompson

06:02 11 Apr 25

I was lucky to have my broker Palka Kumar assigned to me for my Reverse Mortage loan. I found Palka to be extremely professional and extremely helpful in all the aspects of securing my loan. I highly recommend her to any future customers of Seniors First.

Doug Coombes

06:31 07 Apr 25

I had a first and second mortgage that I needed to discharge in order to arrange a reverse mortgage. Adam Oakley from Seniors First assisted me with the entire process. Thanks to Adam the transition went smoothly, and I was able to achieve my goals.

Jakes Rudoph

04:53 07 Apr 25

I had a First-Class experience with Seniors First thanks to Adam Oakley, my Broker: From the start of the process, he demonstrated knowledge and insight into my particular needs and throughout maintained an exceptional level of support and empathy. I have no hesitation in recommending Seniors First and in particular Adam Oakley for anyone considering a Reverse Mortgage.

Veronica Scannell

04:06 07 Apr 25

Seniors First provided a great service when I applied for my reverse mortgage.My advisor, Adam made the experience easy and was most helpfulAdams warmth and caring during the process was much appreciated.Ron WA.

L.E

23:43 03 Apr 25

Palka was fantastic and helped me through the process with great patience and understanding. She was very thorough and always helpful and a phone call away if I needed anything. Yes, it's possible to do this without a broker, but for me it was money very well spent as I would not have known about the options available or pitfalls to avoid. I was never pressured into anything, was given numerous options, and the process was explained in great detail. I definitely recommend Seniors First.

Nathan Russell

04:36 02 Apr 25

Our application was managed extremely well by Palka, our broker from Seniors First. Her insight and experience enabled my wife and I have confidence in the entire process. She led our interaction with Inviva, and with a very experience solicitor, allowing the process to arrive at a positive conclusion. Thank you again Palka.

Philip Cram

06:13 24 Mar 25

My wife and I wanted to establish a Line of Credit or Reverse Mortgage to consolidate our debt and a little more for our floating home repairs.We contacted 2 brokers who did not have products that we could use. But the second broker referred us to Angela Giokaris. Angela was so helpful , took time to explain everything to us and made sure we understood how the process works and our obligations...Seniors First have improved our life style considerably.

Ian Hawkins

23:17 17 Mar 25

Process was well communicated and Angela Giokaris assisted throughg the entire process ensuring it went smoothly and well planned. Angela was very attentive and informative making the process from initial discussion to settlement well supported providing little useful tips along the way. Highly recommended.

Peter Doak

21:15 16 Mar 25

A lengthy process but handled very professionally throughout.Was kept up to date and each step was explained and made very easy.Would highly recommend their services and Andrew was exceptional.

Johanne Slattery

11:55 06 Mar 25

Dealing with Bill James was a pleasant and efficient process. Bill assisted me above and beyond to achieve a successful outcome.I highly recommend dealing with him and benefiting from his knowledge of the market.

Brian Hughes

06:30 05 Mar 25

Recently I had the pleasure of takeing a reverse mortage out with Seniors First for the very first time. I found Seniors First to be more than helpful to go the extra mile to take the time to explain all the aspects of doing so with them. I had the major assistance of Broker Dean Hukins who I found to be a great represenative of Seniors First and would reconmend anyone comsidering taking a reverse mortage to try Seniors First .

Barb Owen

09:47 03 Mar 25

Linda Alexander

07:12 24 Feb 25

Andrew has surpassed all expectations. It was not easy for him however he came through with flying colours. I would recommend him to anyone that needs prompt help with expert information. We thank you.

Poo Guy

21:23 19 Feb 25

Our broker Adam Oakley was fantastic. He was always prompt to answer any questions we had. Which made the process so easy.

Andrew Robinson

00:15 13 Feb 25

I have recently obtained a reverse mortgage from seniors first,Palka Kuma was my contact and from start to finish she was absolutely amazing being so committed to ensure a positive outcome,her knowledge and patience was excellent,thank you Palka and seniors first.🙏

The history of Reverse Mortgage loans in Australia

1992 ›

Reverse Mortgages have been available in Australia since the early 1990’s. The Advance Bank was the first lender to offer a true Reverse Mortgage Loan (as opposed to a line of credit), but the product was only mildly popular due to limited demographic demand of the times.

1998 ›

When St George Bank took over Advance bank in 1998 it inherited their Reverse Mortgage loan product and this has since developed into the Senior’s Access Home Loan they continue to offer today.

2001 ›

Around 2001 the Commonwealth Bank entered the Reverse Mortgage market with the release of what is now known as ‘Equity Unlock For Seniors’.

2002 ›

From 2002 there was a period of steep growth in the Australian Reverse Mortgage market.

2004 ›

In 2004 the early product providers established ‘The Senior Australians Equity Release Association of Lenders’ (SEQUAL), as an industry body to represent their interests. SEQUAL established a code of conduct and an infrastructure of self-regulation which was very effective in protecting sometimes vulnerable pensioners and elderly borrowers.

Over the next few years a stream of new lenders emerged in anticipation of the retirement funding shortfall projected for the coming generation of retiring baby boomers.

2006 ›

By 2006 there were more than twenty banks, credit unions and non-bank lenders offering Reverse Mortgage loans including Macquarie, Bankwest, ABN Amro, Bluestone, Australian Senior’s Finance (ASF) and Over Fifty Group.

(This dizzying array of product choice had a ‘bewildering’ effect on pensioners, creating a demand for specialist Reverse Mortgage brokers who understand the needs of senior consumers.)

It was during this period that brokers accounted for 50 per cent of all Reverse Mortgages originated in Australia, and that Seniors First grew to attain almost 5 per cent of that market share).

2008 ›

By 2008 some 40,000 Australian pensioners and self-funded retirees had taken a Reverse Mortgage loan, double from 20,000 just three years earlier.

Further exponential growth was predicted when the global financial crisis (GFC) struck, seizing up the capital markets that non-bank lenders in particular relied upon for funding.

Although no lenders went broker or collapsed, the GFC funding crisis was unsustainable for all but the largest of the domestic banks, and fifteen Reverse Mortgage lenders closed or stopped offering new Reverse Mortgages between 2008 and 2010. At the low point of the cycle, just four banks remained as viable Reverse Mortgage options to Australian senior

2011 ›

In 2011, the Federal Government under then minister Bill Shorten, officially regulated Reverse Mortgages as part of the ‘second phase’ of the National Consumer Credit Protection (NCCP) code. This law improved disclosure requirements by lenders and brokers, and enshrined in legislation key components of SEQUAL code of conduct such as the ‘No Negative Equity Guarantee.’

2014 ›

By 2014 the Reverse Mortgage market had begun to show signs of growth once again. Several lenders re-emerged to be active with new lending, and there are rumours other lenders will soon offer exciting new Reverse Mortgage loans for pensioners and retirees. In anticipation of this, Seniors First – Australia’s leading Reverse Mortgage broker – has re-launched.

2018 ›

The big banks withdraw their products from the Reverse Mortgage market. Although Commonwealth Bank (CBA), St George, and Bankwest continue to service existing borrowers, all stop offering new Reverse Mortgage loans. This creates opportunity for new non-bank Reverse Mortgage lenders to enter the market.

2018 ›

ASIC conducts a thorough review of the Australian Reverse Mortgage industry. It audited lender files and conducted interviews with thirty Reverse Mortgage borrowers. It found that borrowers reported an overwhelmingly positive experience of their Reverse Mortgage loans, and that the regulatory compliance of lenders and brokers was generally sound.

2018 ›

The Federal Government announces plans to expand the Pension Loans Scheme (PLS). Although it’s often referred to as ‘the government Reverse Mortgage’, it is in fact a limited form of entitlement that acts as a top up to the aged pension.

2020 ›

Treasury releases its long-awaited Retirement Income Review. It finds the equity that retirees accrue in the family home is the most important component of voluntary retirement savings. It concludes that “we need to help Australians understand how they can significantly make the best use of their retirement savings, including the equity in their homes". This means making use of all forms of equity release such downsizing, Reverse Mortgages, home equity loans, and home reversion schemes.

2021 ›

In response substantial nationwide increases in property values, both lenders and brokers in the reverse mortgage market experience a new peak of demand as Reverse Mortgages surge in popularity.

2021 ›

The Federal Government enacts its ‘Best Interest Duty’ (BID) legislation. This is an extra layer regulation that applies to mortgage brokers (but not to banks and lenders). Only Reverse Mortgages originated via a mortgage broker such as Seniors First offer this higher level of consumer protection.

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Industry Awards & Recognition

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Senior's First has developed a reputation as an award-winning Reverse Mortgage broker, and a trusted name among public policy organisations, the aged care industry, senior’s groups, older borrowers and their families.

Offices

Suite 68, 89-97 Jones St Ultimo NSW 2007

Level 8, 90 Collins Street Melbourne VIC 3000

(Appointments Only)

Level 38/71 Eagle Street Brisbane QLD 4000

Company