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.
How Much Home Equity Can You Borrow?
Whether you need to consolidate debts, increase income or peace of mind see how a Household Loan can help you.
Frequently Asked Questions
Ways To Use Your Home Equity
Customer Stories: The ‘Tree Change’
Evelyn is 69 years old and lives alone. She recently left Sydney to start a new life in Mudgee, NSW. She has one married son, a lawyer in Sydney, and a school-aged granddaughter. The move to Mudgee has given her a new start in a beautiful new home; however, it didn’t provide the oft assumed cash windfall that ‘downsizing’ is supposed to deliver.
Evelyn is well informed, understanding both her options and her financial situation. Her main source of income is the Age Pension and she wanted to restructure her finances to improve her financial confidence.
Evelyn had three clear objectives. Firstly, to create a contingency fund, which she’ll use to pay for unexpected expenses and her Private Health Insurance, something she values highly. Secondly, to undertake some work on her home to set her up for the long-term. Finally, to contribute to her granddaughter’s private education costs.
Household Capital helped Evelyn access her home equity to meet these objectives. She decided to use a combination of a regular Home Income payment and capital advances to meet her needs.
What are you doing with your Household Capital?
Note: customer names and images have been changed to protect their privacy.
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It's As Easy As 1, 2, 3!
CONFIRM ELIGIBILITY
Use our simple online calculator to check your eligibility and see how much Household Capital you can access.
PERSONAL CONSULTATION
Explore your retirement funding needs during an online meeting with one of our retirement specialists. Personal, one-on-one service is important to us.
APPLICATION
Complete the application process, secure in the knowledge that there’s always someone available to help along the way.