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Showing 11 - 20 of 69 results for "Home Equity"

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
... $200,000. Yet, Household Capital also deemed Australian retirees "the wealthiest in the world", boasting a median home equity of over $800,000. Household Capital chair Nick Sherry said: "The wealth of baby boomers is mostly tied up in their home, and ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... $880,000 and national median is $705,000. All equity above $750,000 would be fairer, Grattan said. "The exclusion of most home equity means well-off households - provided their wealth is largely in the family home - can continue to qualify for the pension. ...

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
ASIC has clarified that the Centrelink Home Equity Access Scheme isn't a credit product, allowing advisers to include it in retirement plans. Responding to an inquiry by Capital Advisory financial planner Michael Miller, ASIC said the operation of the ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
Household Capital has acquired government home equity scheme specialist Pension Boost; endeavoring to become the leading provider of home equity access in 2023. Pension Boost assists retirees in accessing the Home Equity Access Scheme with Centrelink. ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... outside for your retirement will be clearer," Knox said. "Again, we are likely to see more people over time, use the home equity arrangement to fund their retirement so there is another component of the system which the retirement income review talks ...

Household Capital partners with Genworth

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
Genworth Financial Mortgage Insurance has taken a 22% stake in home equity retirement funding provider Household Capital, concluding a $37.6 million series C capital raise. Speaking to Financial Standard, Household Capital chief executive Joshua Funder ...

Retired Aussies deserve more: Household Capital

CHLOE WALKER  |  TUESDAY, 26 APR 2022
... inadequate to fund long and active retirement." He said Australian retirees have already saved over $1 trillion in home equity which could transform retirement outcomes. In 2019, the Retirement Income Review declared home equity the third pillar of Australian ...

DomaCom hits $100m in FUM

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
... and land banking. Perhaps the most progressive development for the DomaCom Fund is an investment product for Seniors Home Equity Release and a Shariah compliant housing finance solution for Australia's Islamic community. These new financial models demonstrate ...

IFM, Citi pour $300m into Household Capital

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Home equity retirement funder Household Capital has secured $300 million in financing from IFM Investors and Citi. The securitisation debt facility will allow Household Capital to meet what it has identified as an increasing demand from retired Australian ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
Financial advisers are shunning home equity release or reverse mortgage strategies that could potentially benefit retiree clients, according to new research. Regtech Fourth Line and retiree financial services provider Pension Boost looked at the Statement ...