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Media Releases

Household Capital is a specialist retirement funding provider which offers responsible long term access to home equity, to meet the needs of an ageing population.

Home equity can be used to top up superannuation, enhance retirement income and improve retirement housing. It can also be used to fund in-home care and support the transition to aged care. Our approach also enables the transfer of home equity between generations to fund first-home buyers deposits and educational expenses. We work with a range of financial advice specialists to provide retirees with the best of both worlds – to continue living in the family home while drawing an income that enables them to Live Well At Home.

Contact our media relations team for more information.

 

Contact our media relations team for more information. 

Enquiries to Tracey Franks
Phone: +61 0413 008 870
Email: [email protected]

 

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Household Capital adds two C-suite execs to its growing team

May 2020

Household Capital, an independent, specialist retirement funding provider today announced it has further expanded its team. On the back of strong growth and following the recent appointment of a Customer Operations Manager, Household Capital has added two specialists in operations and risk management.

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Household Capital fast tracks funds for retirees in need

May 2020

Retirees facing financial shortfalls will be able to apply for ‘accelerated access’ to draw on their home equity, after independent specialist retirement funding provider Household Capital overhauled its product features and application process to meet the needs of senior Australians during the COVID pandemic.

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New director appointed to Household Capital board

April 2020

Household Capital, an independent, specialist retirement funding provider today announced Danny Gorog will join its board of directors. An entrepreneur and technology specialist, Danny brings deep expertise in the development of mobile apps, digital platforms, customer experience technology and providing strategic advice.

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Household Capital adds UK home equity market expertise to team

April 2020

Household Capital, an independent, specialist retirement funding provider today announced it has expanded its team with the addition of key expertise in retirement funding customer operations.

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Household Capital closes Series B financing with strategic investment from UK’s Legal & General

March 2020

Household Capital has announced the completion of a Series B financing, with UK global asset manager and financial services provider Legal & General acquiring a 20 percent stake in the Australian company. Existing and new investors joined Legal & General in the Series B financing, which takes the total amount of equity capital raised by Household Capital to $25 million since launching in 2017.

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Australians not feeling supported by the retirement funding system

February 2020

Household Capital, an independent, specialist retirement funding provider has completed its submission to the Retirement Income Review in response to the government’s consultation paper released in November 2019. The purpose of the Retirement Income Review is to ascertain the degree to which retirees are supported by the three pillars of Australia’s retirement system; superannuation, the Age Pension and other savings, including home equity.

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Exclusive launch: the Household Capital Index for Home Equity Retirement Funding

January 2020

Household Capital has launched a new Australia-wide property index – the Household Capital Index. For too long, property indicators have focused on historical data and the short term outlook – how good is your home to flip or downsize next year? The Household Capital Index provides homeowners with a different view: how good is your home to provide long-term retirement funding?

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Household Capital expands its team

October 2019

Household Capital, an independent, specialist retirement funding provider today announced it has expanded its team with three key hires across marketing and technology. The first of these is Mario Garrido as Chief Marketing Officer. He joins Household Capital from AustralianSuper, where he was Head of Brand, Retention, & Direct Growth Strategy. His background includes consumer marketing and customer experience roles at a number of major companies, including Village Roadshow, Nova FM and Telstra.

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Family home recognised as third pillar of retirement funding by federal retirement income review launching this week

October 2019

Inclusion in terms of reference signals change of perspective on home ownership.The family home could become a significant part of Australia’s retirement funding solution, after home equity was specifically included in the terms of reference for the federal government’s review of retirement income.

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Household Capital offers lowest rate reverse mortgage in Australia

October 2019

Household Capital, an independent, specialist retirement funding provider today announced it will further reduce its interest rate, passing on, in full, today’s RBA rate cut. Household Capital has reduced its interest rate in line with each of the three RBA rates cut this year.

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Household Capital partners with National Seniors Australia

September 2019

Household Capital, an independent, specialist retirement funding provider, and National Seniors Australia, the peak advocacy body for older Australians today announced a partnership. The two organisations have each recognised in the other a determination to improve the retirement outcomes for Australians. National Seniors is the voice of older Australians, fighting for a fair go in later life.

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Revamped PLS welcomed by Household Capital

July 2019

Household Capital, an independent, specialist retirement funding provider has welcomed the federal government’s review of the rate it charges for the reverse mortgages in its Pension Loan Scheme (PLS), its expanded home equity funding program.

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UNSW Business School to examine reverse mortgages

June 2019

Researchers from UNSW Business School will investigate behavioural and other issues behind the low uptake of reverse mortgages in Australia. A reverse mortgage is a loan that enables homeowners to access their home equity; the homeowner can borrow without having to make repayments while living in the home.

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Household Capital passes on full RBA interest rate cut to customers - again

June 2019

Household Capital, an independent, specialist retirement funding provider, announced today it will again reduce the interest rate on its Household Loan in line with the RBA’s rate cut. Household Capital now offers the lowest rate to older Australians needing to access their home equity to improve their retirement funding.

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Australian retirees have inadequate access to their savings

May 2019

Household Capital, an independent, specialist retirement funding provider, said yesterday that a major issue facing Australian retirees was inadequate access to savings. Josh Funder, Household Capital’s Chief Executive Officer, said retirement funding adequacy was a very real issue facing retired and soon-to-be retired Australians.

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ME Bank and Household Capital establish $100 million innovative wholesale home equity funding facility

April 2019

Household Capital, an independent, specialist retirement funding provider, and ME Bank, an industry super fund-owned Australian bank, have announced a partnership establishing a $100 million wholesale debt facility. The terms of the facility are innovative and designed to meet the major unmet financial needs of Australian retirees who plan to continue living at home. ME Bank holds a minority equity stake in Household Capital.

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Government needs to do more on in-home care, says Household Capital

April 2019

Household Capital, an independent, specialist retirement funding provider, commended the federal government’s announcement that it will fund an additional ten thousand inhome care packages but warned that more needed to be urgently done to meet the needs of ageing Australians.

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Australian retirees have inadequate access to their savings

March 2019

Household Capital, an independent, specialist retirement funding provider, has announced it has entered the Australian retirement sector with an innovative loan product that allows retirees to use equity in the family home to fund retirement expenses, enhance income or provide financial support to their children and other family members.

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