Keep up with the latest news and updates
March 23, 2022
The Morrison government has announced the cutting of interest rate it charges for Australian retirees who unlock their home’s equity. Known as the government’s version of a reverse mortgage loan, the Pension Loans Scheme (PLS) will now be called Home Equity Access Scheme (HEAS). The scheme will still allow pensioners to tap into their home
February 28, 2022
How to Spot – and Stop – Elder Abuse At least one in six older Australians experienced a form of elderly abuse, and most of the perpetrators are their children, according to a landmark study released before Christmas by the Australian Institute of Family Studies (AIFS). The Attorney-General’s Department commissioned the National Elder Abuse Prevalence
November 23, 2021
Reverse Mortgages has grown five times since the Australian government’s Pension Loans Scheme (PLS) recorded data in the 2018-19 fiscal year. The growth is spurred by retirees looking for ways to manage their cash flow in retirement while choosing to stay in their homes. This is based on a story published by the Sydney Morning
September 17, 2021
Real estate prices in Australia recorded the highest quarterly spike in the three months to June. In the latest report from the Australian Bureau of Statistics (ABS), the prices of residential properties in Australia increased by 6.7%. This is the highest quarterly growth ever recorded by ABS since the agency started the index in 2003.
July 23, 2021
No plans to stop working when you hit 65? You are not alone. Recent data from Councils on Ageing (COTA) reveals that majority of Australians don’t want to stop working even if they reach retirement age. While there’s no fixed retirement age in Australia, people are expected to stop working at around age 65 because
July 5, 2021
How do Reverse Mortgage interest rates compare? Most people think a Reverse Mortgage interest rate would be higher than a credit card. But Credit card interest rates are charged between 12% to 22% – much higher. Reverse mortgage loans interest rates are typically only around 1-2% higher than a normla, standard home loan rate. If
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