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Showing 31 - 40 of 123 results for "Reverse mortgage"

New wave of retirees to challenge advisers

KERRIE SYDEE  |  THURSDAY, 16 JUN 2016
... marriages, failed business ventures and loss of employment" will lead a number of retirees to consider taking out a reverse mortgage, downsizing, renting, moving into a retirement home or building a granny flat. "Financial planners will be on the frontline ...

Seniors react to Commission's retirement housing idea

DARREN SNYDER  |  WEDNESDAY, 2 DEC 2015
... Australians want the certainty of having a roof over their head without being forced to sell it or hock it as part of a reverse mortgage to pay for groceries," Christie said. "Family homes lock up a lot of equity, but this is the result of Australia's ...

Widen access to PLS, say cross-bench senators

ALEX DUNNIN  |  WEDNESDAY, 27 MAY 2015
... to broaden access to the Pension Loan Scheme (PLS). The PLS, established by the Hawke government in 1983, is a reverse mortgage scheme that allows people of pension age to access an income stream by borrowing against their housing equity. Currently it ...

Govt should support pensioner reverse mortgage access: CIS

ALEX DUNNIN  |  TUESDAY, 28 APR 2015
... family home should be brought into the pension income test by requiring home-owning pensioners to take out a reverse mortgage, says the Centre for Independent Studies (CIS) in a new report. While it's unlikely the government will take the advice, the ...

Low-volatility post-retirement solutions needed: Bell

MARK STORY  |  THURSDAY, 15 NOV 2012
Having concluded that too few investors will have sufficient capital to drive income in retirement, David Bell of St Davids Road Advisory expects to see growing interest in low-volatility, post-retirement solutions. Speaking at yesterday's Investment ...

Fractional prop trading platform gets AG backing

LINDA HAUSKEN  |  TUESDAY, 10 JUL 2012
... to an equity release scheme but done by selling equity units rather than borrowing money through a higher risk reverse mortgage structure. Provided the home owner holds at least 50% of the equity they will maintain control and the right to reside in ...

Re-financing of aged care announced

RACHEL DAVIS  |  TUESDAY, 9 AUG 2011
... needed. Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, also announced reverse mortgage draft legislation to increase protection around reverse mortgages and incentivise their use. The proposals include introducing ...

Govt provides reverse mortgage guarantees

ELISE BURGESS  |  MONDAY, 8 AUG 2011
The Federal Government has made its first move in the race to fiscally manage the ageing population, with the release of draft legislation to increase protection around reverse mortgages. Assistant Treasurer and Minister for Financial Services and Superannuation ...

Gillard Govt to tighten reverse mortgages rules

RUTH LIEW  |  MONDAY, 9 AUG 2010
Reverse mortgages holders will receive more protection during a property downturn if Labor continues to hold government after the election - but the industry's peak body said most of these proposed policies are already in place. A re-elected Gillard ...

Investors turn to rev mortgages for income

MICHAEL HOBBS  |  TUESDAY, 22 JUN 2010
Australians are taking out a reverse mortgage to provide extra income, instead of using the extra funds to refurbish their house or go on holidays, a report found. Kevin Conlon, chief executive at the Senior Australians Equity Release (SEQUAL), said ...