Home Reversion Schemes Australia

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What Is A Home Reversion Scheme?

A home reversion scheme is not a loan, nor offered by Household Capital. It’s a contract for the part sale of your home. 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 lump-sum payment now.

This means you sell a portion of your home equity at a significant discount to its current value and receive a lump sum payment. The discount applied is age-based, and decreases with age.

When the house is sold, the home reversion scheme provider receives the value of the proportion of equity it purchased, at the future price.

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CONFIRM ELIGIBILITY

Use our online calculator to see your accessible Household Capital.

PERSONAL CONSULTATION

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APPLICATION

We guide you through every step of the application process.

Frequently Asked Questions

Is a home reversion scheme a type of reverse mortgage?

A home reversion scheme is quite different from a reverse mortgage; rather than being structured as a loan, it's a contract for the partial sale of your home. As such, you don't need to repay it, however the payment you receive for the portion of the home sold is generally significantly lower than the market value.

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 benefits of home reversion schemes?

The benefits of a home reversion scheme include:

it does not create a debt

there are no repayment obligations while the home is occupied by at least one of the parties to the reversion contract

you can repurchase the sold share at any time

you don’t need to sell your home if you are moving into residential aged care.

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 downsides of home reversion schemes?

As well as having upsides, home reversion schemes also have a number of downsides, including:

you are no longer the sole owner of your property

limited availability – unavailable outside major cities in certain states and may not be available on homes that are not freestanding

you forgo any future growth in the value of your home relating to the equity sold under the reversion contract

less transparent fees and costs, which can be complex and difficult to understand

the portion of the home sold is generally at a significant discount to its value.

It's important to understand how different mechanisms used to access the value in your home can affect both your long term retirement funding and home equity over time.

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 is the difference between a home reversion and a household loan?

Using a Household Loan, which is a type of reverse mortgage, you can access a portion of the equity built up in your home to boost your long term retirement funding. You retain full ownership of your home and enjoy a range of consumer protections. A Household Loan can provide capital or income, or a mix of the two.

Importantly, home reversion schemes have limited availability; they are generally unavailable outside major cities in certain states and may not be available on homes that are not freestanding. While a Household Loans is subject to some restrictions, it is generally more widely available to retired homeowners.

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™

Calculate Your Home Equity

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A Household Loan Provides Flexibility & Choice

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

“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

Home Reversion Schemes Australia

What Is A Home Reversion Scheme?