The largest generation within the Australian population is rapidly approaching retirement, poorly prepared for that stage of their lives. Although the so-called Baby Boomer generation has achieved extraordinary personal wealth through home ownership, they are ASSET RICH but CASH POOR. However, this generation can expect to LIVE LONGER than any generation before them and they … More Accessing Housing Wealth in order to Live Well in retirement.
Reverse Mortgages and Centrelink… Reverse Mortgages and Centrelink… Source: How would a reverse mortgage affect my age pension?
One of those key issues was increasing user pays in aged care, and there was broad agreement on the need for consumers to pay a greater share towards the cost of their care. Nick Mersiades, director of aged care at Catholic Health said: greater consumer contributions wouldn’t come from income sources and government should … More Release of ACFI review is imminent – Australian Ageing Agenda
Property Values Driving Equity Release Demand: “Soaring property prices, the new pension rules and the desire to lead an active, comfortable retirement are driving demand for equity release solutions”. Bina Brown Source: How your home can finance your retirement | afr.com
Source: Shared equity: First home buyers able to co-purchase property with Victorian Government
The Industry Body (SEQUAL) has closed its doors and the number of Reverse Mortgage providers continues to decline but Cash Poor/Asset Rich retirees continue to seek ways to use the Home equity to fund their retirement… Read More
The so-called Industry Body, SEQUAL has closed its operations with very little said about the reason for this remarkable decision. Australian Seniors deserve better than a Lender-based operation. The Equity Release market needs strong leadership… Properly Trained Advisers, Suitable Products & Fully-informed Consumers. There is Much Work to be Done!
Australia needs a National Equity Release Qualification, Now! As the author of the first and current Equity Release Industry Accreditation course, I can tel you that it needs fixing! Despite the fact that Senior Australian’s are facing a poorly prepared retirement, very little is actually happening to assist them to access their significant property wealth … More Demand for equity release qualifications up by a quarter | Financial Reporter