What are you doing with your Household Capital?
Your home. The best place to live.
A great way to fund your retirement.
With Household Capital, you can access the wealth in your home to fund the lifestyle you want. You can improve your retirement funding to live with comfort and confidence in your own home. After all, your home can be both the best place to live and the right way to fund your retirement.
60+? How Much Home Equity Could You Access?
Estimated Home Value
Available Household Capital
Get free personalised summary
Summary includes information about the effect on your available home equity over time, based on a loan of
Thank for your interest in using a Household Transfer to improve your retirement funding. One of our retirement specialists will email you with your personalised summary within the next two business days.
Its As Easy As 1, 2, 3!
Complete the application process, secure in the knowledge that there’s always someone available to help along the way.
Frequently Asked Questions
What is a Household Loan?
A Household Loan is our innovative approach to borrowing against home equity for responsible, long-term, retirement funding. It is a type of reverse mortgage.
A reverse mortgage allows you to borrow money using the equity in your home as security. Interest is charged like any other loan, but you don’t need to make repayments while you live in your home. The loan must be repaid in full when you sell or leave your home or, in most cases, if you move into residential aged care.
Please see the Reverse Mortgage Information Statement for more information.
To find out more about reverse mortgages, including a reverse mortgage calculator to help you work out how much equity you may have in the future, visit the Australian Securities and Investments Commission’s free consumer website at www.moneysmart.gov.au.
What is the interest rate?
The interest rate on a Household Loan is a variable rate of 4.95% per annum, which is Australia’s lowest rate for a reverse mortgage or equity release product.
*The Comparison Rate based on a loan of $150,000 for 25 years is 5.01% per annum effective 09 Nov 2020 (5.21% prior date). Fees and charges may be payable. Note: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Will my Age Pension be affected?
The Age Pension is an important source of income for many retired Australians. We can work with you to understand how a Household Loan can be used to preserve your pension entitlements and always recommend you speak to Centrelink to ensure your entitlements aren't affected.
Should I get financial advice?
If you are using home equity to top up your superannuation or other investments, you are required to get appropriate financial advice. This will help you determine how best to deploy your home equity to ensure improved long-term retirement funding. A financial adviser can also help structure your financial affairs to maximise entitlements to the Age Pension.
Should I get legal advice?
Household Capital requires you to get appropriate legal advice to ensure you understand your rights and obligations, and to confirm that a Household Loan is right for your circumstances.
How does Household Capital make money?
Watch our short video where Luke Rattigan, Household Capital's Chief Operations Officer explains how we make money. https://www.youtube.com/watch?v=eebPgTF-ueE
Learn How Your Home Can Be Both The Best Place To Live, But A Great Way To Fund Your Retirement
A Household Loan is our innovative approach to borrowing against home equity for responsible, long-term, retirement funding.
Our loan is structured as a reverse mortgage, which means you remain the owner of your home. Importantly, legislative protections ensure you can stay in your home as long as you want to, you only need to repay the loan when you leave your home and you cannot end up owing us more than the house is worth.
Our Household Loan provides flexibility and choice so you can look forward with confidence.
2020 Third Pillar Forum
The 2020 Third Pillar Forum focuses on retirement funding, housing and care in an ageing Australia. Listen to the panel of senior executives and policymakers, local and international industry experts, as well as thought-leaders and academics across superannuation, wealth management and advice, housing and care, to explore the important themes that together meet the needs of Australia's retirees.
Why Choose Us?
A strong regulatory environment provides you with a range of consumer protections
Our retirement specialists are available to help you every step of the way
A focus on responsible lending to meet your long term retirement funding needs
Flexibility & choice to meet your needs and give you confidence throughout retirement
Ways a Household Loan Could Help You
- Improve income
- Help super last longer
- Contingency planning
- Repay your home loan
- Improve cash flow
- Consolidate & repay debt
- Improved income
- Boost investment portfolio
- Contingency planning
- Avoid in-home care waiting lists
- Fund aged care deposits & fees
- Increased choice & flexibility
- First home buyers
- Grandkids education
- Help in times of hardship
My husband needed to enter a residential aged care facility while I wanted to stay at home. A Household Loan enabled us to pay a Refundable Accommodation Deposit on his facility of choice and, at the same time, meant I could stay in our family home. This was really important to me, it's where all my memories are. I didn't want to have to move out.
Rose & Jack
NSWMore info on Aged Care >
"We worry about running out of money in retirement. But I’ve always realised there is wealth in the home. We’ve always worked for the long-term. This is a long-term approach"
Sue & Peter
NSWMore info on Super Top Up >
We want to fund our granddaughter to be able to take a year’s maternity leave to spend with our future great grandchild. It’s such a special time for mother and child but without pay, she needs to return to work to be able to contribute to their mortgage.
Sophia and Joe
Brisbane QLDMore about Bank of Mum and Dad >
I needed to modify my home so I can comfortably stay here for a few more years before moving into aged care. It’s kept me anchored to my community, which is really important to me.
Mornington VICMore info on Living a comfortable retirement >
It was such a relief to cover what was left of our mortgage and not have to stress about meeting the repayments each month. Now our income covers those things I was looking forward to in retirement - day trips, time with the grandkids and indulging our passion for movies.
Debbie and Bill
Ivanhoe VicMore Refinance Info >
Note: customer names and images have been changed to protect their privacy.
Valuable Protections For You and Your Home
Guaranteed lifetime occupancy
You can stay in your home for as long as you want to. Guaranteed lifetime occupancy means you can’t be forced to sell or move.
Remain the owner of your home
You remain the owner of your home, and continue to benefit from any increase in property value.
No regular repayments required
Periodic repayments are not required, but you can choose to do so. The loan becomes repayable when you leave your home, or can be repaid anytime without penalty.
No negative equity guarantee
You cannot end up owing us more than your home is worth, irrespective of its value.
What our customers are saying.