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Articles on reverse mortgages

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The Financial System Inquiry has suggested allowing more Australians to tap the equity in their home would boost the efficiency of Australia’s financial system. Image from

Ageing population calls for more reverse mortgages

Reverse mortgages are a way to release the equity in a home, which is an important component of wealth for many Australians. Such mortgages have been proposed by the Financial System Inquiry as a way to…
Reverse mortgages can be risky for both borrowers and lenders. Flickr/American Advisors Group

Reverse mortgages need a rethink if they’re the new age pension

The Commission of Audit has recommended including homes above a certain value in the means test that determines who gets the age pension and how much. Under the proposal, homes valued in excess of A$500,000…
Australians of all ages are lining up to tap the equity in their home, but as a policy solution for welfare it comes with many risks. Julian Smith/AAP

Your home as an ‘ATM’: home equity a risky welfare tool

Perceptions of the family home have changed dramatically in recent years. Once viewed as a tool to ensure low housing costs in old age, a more complex and wide-ranging welfare role for home ownership has…

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