Equity release critical for Australians to avoid ‘raiding’ superannuation

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A recent study suggests more Australians aged over 55 are considering raiding their superannuation to pay off mortgages, highlighting the need for clarity around alternative strategies to eliminate mortgage debt, according to a leading equity release provider. Findings from RMIT and the Australian Bureau of Statistics revealed the number of Australians aged 55 to 64 […]

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Debt free equity release continuing to be a popular alternative to Reverse Mortgages

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A review released this week by ASIC into the reverse mortgage market in Australia, has drawn attention to the need for safe and certain equity release solutions for older homeowners. Homesafe Solutions Pty Ltd, the provider of Homesafe Wealth Release®, the only competitive alternative to reverse mortgages in the equity release sector, welcomes the report’s […]

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Budget 2018: Government Reverse Mortgage is not enough

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Equity release specialist, Homesafe Solutions Pty Ltd (Homesafe), has welcomed further steps taken by the Federal Government in recognising the need to address the longevity concerns of Senior Homeowners and their desire to remain in their homes long-term, rather than downsize. Whilst acknowledging the expansion of access to the Pension Loans scheme may assist some […]

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Home could play bigger role in funding in-home care: Homesafe

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The ability for retirees to fund quality in-home care could be improved if more retirees could access their home equity debt-free, according to leading equity release provider Homesafe Wealth Release. In-home care could play a major role in reducing pressure on the aged care system, which is showing signs of strain: A recent PwC study, […]

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Retirees need not fear ‘longevity risk’ – the home can fund it: response to study

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An important recent study showing only half of Australians have planned financially for increased life expectancy may cause unnecessary fear among older Australians because it overlooks a key strategy for reducing longevity risk – the family home. ‘Longevity risk’, where retirees outlive their income due to longer life expectancy, is a big sleeper issue in […]

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