It’s been a tough year for Australia’s retirees as they’ve seen their income affected by a series of events both unforeseen and unplanned for. Super balances have plummeted, dividends have been dumped or deferred and rental income streams dried up. Money in the bank? Term deposits are at historic lows and seem set to plumb new depths.

However, it’s not all bad news.

Australian retirees have more than $1 trillion saved in their homes. Using just a small portion of that Household Capital, or home equity, can provide an income stream that will complement your super and any Age Pension entitlement – and, at times like this, can be used instead of your super to preserve it.

Home Income

Our Home Income solution provides you with a regular fortnightly or monthly income stream to improve your retirement funding. You can set up a long term funding solution, or establish an income to see through this challenging period.

Using a Household Loan, you can access your home equity which is then paid to you as a regular amount at regular intervals; that way we make it easy for you to deal with your expenses and look forward with confidence.

Accelerated access

If your needs are modest and require you to borrow an amount equal to less than 1% of your home equity per year (or simply take three zeros off your home value to calculate a modest monthly drawdown), you may qualify for accelerated access to your Household Capital.

In this circumstance, when you apply online, your retirement income stream could commence within a fortnight of your application.

Repayments

Regular interest repayments are not required. However, you have the flexibility to pay back your loan at any time without financial penalty.

Consumer protections

All the usual consumer protections apply:

  • You retain 100% ownership of your home
  • You cannot default or be removed from your home
  • The ‘no negative equity guarantee’ applies

Try our Home Income calculator

To see how we could help you improve your confidence in retirement, try our easy to use calculator. From there, you can apply online.

How does a Household Loan work?

A Household Loan allows you to access the equity in your home through a loan facility that doesn’t require repayment until you vacate the property.


The amount you can borrow is a function of your age and the value of your home. The older you are, the more you can borrow. The Loan to Value ratio – or LVR – increases by 1% for each year older than 60.


As a guide, if you’re aged 60, the maximum amount you can borrow is 15% of the value of your home and if you’re aged 75, the maximum amount you could borrow would be 30%.

How have our customers used their Household Loan?

Our customers have approached us with a diverse range of needs. They have transformed their retirements in a range of ways, including:

  • Setting up a regular fortnightly or monthly income stream
  • Refinancing an existing mortgage and freeing themselves of that monthly payment to the bank
  • Renovating or modifying their home to ensure it’s safe and comfortable for retirement
  • Covering unexpected medical expenses
  • Buying a new car
  • Helping children or grandchildren with first home buyer’s deposits or educational expenses
  • Funding in-home care expenses
  • Transitioning to residential aged care.

We find a lot of people simply like the security that comes from having a contingency fund for those unexpected expenses that can crop up from time to time.

Get more out of your retirement

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Live

Renovate your home or help fund your transport and travel.

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Top Up

Increase your super, investments or contingency funds.

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Refinance

Refinance your existing mortgage (choose whether or not to make repayments).

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Care

Fund your medical expenses, in-home care or aged care requirements.

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Give

Help your family with funding a home deposit or education expenses.

See how our reverse mortgage, the Household Loan, could improve your retirement.
Try our simple calculators