Keep up with the latest news and updates
December 10, 2024
Australia’s housing landscape is changing, and seniors are feeling the pressure. With 3.2 million homes having at least one spare bedroom and nearly 1.2 million with three or more, the potential for renting out unused space is significant. Meanwhile, rising costs of living and steep increases in rental prices have left many older Australians searching
November 28, 2024
One of the most common questions we receive at Seniors First is, “Can I take out a Reverse Mortgage if I already have a mortgage on my property?” The short answer is yes, you can. But the process involves some important steps and considerations. Below, we’ll break it all down for you. How Reverse Mortgages
November 26, 2024
The Government Home Equity Access Scheme (HEAS), formerly known as the Pension Loan Scheme (PLS), is experiencing a remarkable surge in popularity. Since 2020, the number of Australians using this program has skyrocketed by 329 per cent, with 13,400 participants as of June 2024. This sharp increase highlights the growing reliance of retirees on home
November 11, 2024
As we get older, making a home safer and easier to navigate becomes more important. Renovating with seniors in mind can help you stay independent longer and avoid unnecessary trips and falls. Whether you’re thinking about small changes or larger renovations, it’s all about comfort, safety, and accessibility. Let’s take a look at seven home
November 1, 2024
When it;s time to enter aged care, one of the biggest decisions many Australian seniors face is how to pay the Refundable Accommodation Deposit (RAD). It’s a lump sum that can be quite daunting, often ranging from $200,000 to over $500,000. You might be wondering whether you should dip into your superannuation (Super) or consider
October 25, 2024
At 68, Vince* found himself facing a financial storm. Between his part-time job and Age Pension, he was just getting by—but rising interest rates made it impossible to keep up with his mortgage payments. The debt was mounting, and Vince fell behind on his $290,000 home loan, which led to foreclosure warnings from the bank.
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