Equity Release

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Home > Home Equity Loan

What is Home Equity?

If like many Australians, you don’t have enough super to fund a comfortable retirement, there is another funding option available – the equity, or wealth, built up in your home. We call that your Household Capital™.
Home equity is the market value of your home, minus any outstanding debts you may have registered against it.

In other words, it’s the net value of your home that can be used as equity release.

It's As Easy As 1, 2, 3!

CONFIRM ELIGIBILITY

Use our online calculator to see your accessible Household Capital.

PERSONAL CONSULTATION

Experience one-on-one personalised service with a retirement specialist.

APPLICATION

We guide you through every step of the application process.

Ways To Use Your Home Equity

You can utilise your Household Capital via one or a range of ways from super top-up to becoming the bank of mum and dad.

Top up

Increase retirement income or set aside a contingency fund

Refinance

Refinance a mortgage or consolidate debts

Live

Fund home repairs, renovations, or expenses

Care

Cover medical, dental, in home or aged care

Give

Gift family with a home deposit or education

Calculate Your Home Equity

Learn how accessing your home equity could help you consolidate debts or increase your income.

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How Our Customers Rate Us

“I feel I'm living again and the amount of money that one is using on the house is just a capital gain.”

Bill

Retiree, Cooroibah QLD

“Household Capital has made me feel free and I can do what I want because of Household Capital, so it was the best thing I ever did.”

Mette

Retiree, Gold Coast QLD

“We've always thought that retiring would be nice, but we never thought it would actually happen. But we've finally done it.”

Nan and John

Retirees, Gold Coast QLD

“Household Capital has given me the chance to realise a small portion of the equity in my home and it’s been a win-win situation for me”

Chris

Retiree, QLD

“Getting money from Household Capital, I don’t have to sell the property and go into a smaller property.”

John

Retiree, Woody Point QLD

“I feel a lot more comfortable now and I know that I’m able to pay my bills.”

Raelene

Retiree, NSW

“I saw an ad on TV for Household Capital, so I decided I would apply and I now have my new car.”

Lynne

Retiree, Blacktown NSW

“To have that equity and keep the same house is just a wonderful way to be able to progress into our retirement.”

Dennis

Retiree, Sydney's inner west NSW

“I’ve still got my beautiful car, and we’ve also got an income coming in thanks to Household Capital, and our retirement looks much brighter in the future.”

Colin and Sandy

Retirees, Macedon Ranges VIC

Frequently Asked Questions

What is equity release?

Equity release is the mechanism through which you can draw on your home equity.

Your home equity can be accessed in several ways:

1] - by selling your home and downsizing – use the excess proceeds of the sale (if any) to top up your retirement savings

2] - through an equity reversion scheme – instead of borrowing against the value of your home, you agree to sell a share of the future sale proceeds of your home in exchange for a capital sum now

3] - the Centrelink Pension Loans Scheme reverse mortgage – this enables eligible pensioners to receive an additional income stream by taking out a loan against the equity in your home

4] - through a standard reverse mortgage – a loan facility that draws on your home equity

5] -through a Household Loan – which enables you to draw on the wealth in your home, your household capital, to improve your long term retirement funding.

Each of these strategies allows you to access a portion of your home’s value to meet your retirement needs.

Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

Can equity release provide a regular income stream?

A Household Loan can provide a regular income stream, capital - or both! We provide flexibility and choice so you can use your money in a way that best enhances your long term retirement funding.

Taking the money only as you need it will minimise the interest accrued over the life of your loan.

Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

What are the costs of equity release?

Each type of equity release product has a different cost structure, which is why it’s important to do your research and seek advice where required.

In terms of our Household Loan, we offer a consistently low rate for a reverse mortgage product in Australia. The variable interest rate is currently 9.20%.(comparison rate 9.23%)*

Try our equity calculator or call us on 1300 622 100 to see how using your Household Capital could improve your retirement income so you can stay safe. Live Well At Home™.

How safe is equity release?

Most equity release products are governed by the National Consumer Credit Protection Act 2009; these protections apply to our Household Loan and other reverse mortgage products.

You remain the owner of your home and the title remains in your name. This gives you 100% exposure to any growth (or loss) in the value of your property, into the future.
You can stay in your home as long as you want to – you have guaranteed occupancy. You cannot be removed from your home by the lender, nor be forced to sell your home at any time against your will, as long as you have met your obligations under the loan, as specified in the terms and conditions of the loan contract.
You do have a responsibility to remain living in your home, to ensure the council rates are paid, to keep it insured and to keep your home well maintained.
You cannot end up owing us more than the house is worth. The “no negative equity guarantee” (NNEG) clause, introduced in 2012, means you are protected by law and cannot owe more than your home is worth, irrespective of the value of the property.

Try our equity calculator or call us on 1300 622 100. See how using your Household Capital could improve your retirement income. Live Well At Home™

If I live too long, will accessing my home equity leave me or my family with no equity left?

Your remaining home equity at the end of your loan is a factor of the initial LVR, interest rates, growth in home values and the term of your loan. In most situations, you will likely retain a reasonable proportion of equity to bequeath to your children.

Equity Release

What is Home Equity?