Menu Cancel

Reverse Mortgage


No Regular



What Is A Reverse Mortgage?

A reverse mortgage is a simple product that enables you to access the savings in your home, to draw on your home equity to afford the retirement lifestyle you deserve without having to downsize and leave the home you love.

Designed for homeowners aged 60 plus, reverse mortgages in Australia don’t require regular repayments, which means you’ll have more monthly cash available for covering lifestyle expenses, and they allow you to remain the owner of your home and benefit from all of its capital growth.

You can use your home equity in various ways: as an additional income stream, as a contingency fund to be drawn as required or as a lump sum that you can use to renovate your home for better mobility, pay for health and care expenses, become Bank of Mum & Dad, and more. Calculate your reverse mortgage estimate and discover how much equity you could unlock.

We've Got You Covered

Flexibility and Choice

Meet your needs and give you confidence throughout retirement.

Personalised Service

Our retirement specialists help you every step of the way.

Responsible Lending

Responsible lending to meet your long term retirement funding needs.

No Regular Repayments Required

The loan is paid when you leave your home or anytime without penalty.

Remain the Owner of
Your Home

You keep your title and continue to benefit from any increase in property value.

No Negative Equity Guarantee

You cannot owe more than your home is worth, regardless of its value.

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


Use our online calculator to see your accessible Household Capital.


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


We guide you through every step of the application process.

How You Can Use A Reverse Mortgage

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.

Increase retirement income or set aside a contingency fund

Refinance a mortgage or consolidate debts

Fund home repairs, renovations, or expenses

Cover medical, dental, in home or aged care 

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.”
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.”
Retiree, Gold Coast QLD
Nan and John
“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”
Retiree, QLD
“Getting money from Household Capital, I don’t have to sell the property and go into a smaller property.”
Retiree, Woody Point QLD
“I feel a lot more comfortable now and I know that I’m able to pay my bills.”
Retiree, NSW
“I saw an ad on TV for Household Capital, so I decided I would apply and I now have my new car.”
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.”
Retiree, Sydney's inner west NSW
Colin and Sandy
“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

How Our Customers Rate Us

 Frequently Asked Questions

How does a reverse mortgage work?

A reverse mortgage 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 20% of the value of your home and if you're aged 75, the maximum amount you could borrow would be 35%.

For more info, download our free 'What is a reverse mortgage?' guide, try our equity calculator or call us on 1300 760 139 to see how using your Household Capital could improve your retirement income so you can stay safe and Live Well At Home.

What are the benefits of a reverse mortgage?

The key benefit of a reverse mortgage is to improve your long-term retirement funding. This, in turn, enables you to:

  • Access capital or income - or both
  • Establish a contingency fund
  • Improve your retirement lifestyle
  • Remain living in your own home
  • Look forward with confidence
Most importantly, a reverse mortgage allows you to enjoy the retirement you’ve worked hard for.

Who is eligible for a reverse mortgage?

Eligibility criteria for a reverse mortgage is as follows:

  • The youngest borrower must be age 60+
  • Australian homeowner
  • The minimum property value of $600,000
  • Property must be in an eligible postcode
  • Primary residences, holiday homes and investment properties are available for security.

Use our home equity calculator to find out if you're eligible or call us on 1300 622 100.

Why take out a reverse mortgage?

The purpose of taking out a reverse mortgage loan is to improve your long-term retirement funding; it enables you to access the savings in your home without needing to sell it. That way, your home can be the best place to live and the right way to fund your retirement.

How can I use a reverse mortgage?

Wondering how to use the equity in your home? Our customers have approached us with a diverse range of needs. These include:

  • Setting up a regular fortnightly or monthly income facility
  • Refinancing an existing mortgage
  • Renovating or modifying their home to ensure it’s retirement ready
  • Covering an unexpected medical expense
  • Buying a new car
  • Helping children or grandchildren buy their first home
  • Funding in-home care expenses
  • Funding the transition to residential aged care.
We find many of our customers simply like the security that comes from having a contingency fund for those unexpected expenses that can crop up from time to time.

How do I repay a reverse mortgage?

Your reverse mortgage loan is generally repaid from the future sale of your home. This may occur if you downsize later in retirement or move into residential aged care. Alternatively, the loan will be paid from the proceeds of your estate. Of course, you can repay the loan at any time without penalty.

Are reverse mortgages well regulated?

Reverse mortgages are governed by the National Consumer Credit Protection Act 2009; these protections apply to our Household Loan as well as other reverse mortgage products. 1] 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. 2] You have guaranteed lifetime 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. 3] 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.

How do reverse mortgages differ from home equity loans or lines of credit?

Several banks provide lines of credit or home equity loans that allow homeowners to access the wealth built up in their property. However, getting credit from the banks has become tougher for retirees since the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Any form of credit has become less available to retirees who may not have the income to demonstrate they can meet the required repayments. The regular repayments needed to service a home equity loan or line of credit are likely to reduce your cash flow and therefore diminish your retirement income. As interest rates increase, so will these regular repayments. Each month, you may have to find the funds to satisfy the bank. Many retired Australians tell us they feel insecure knowing their home is subject to repossession in the event of being unable to meet repayments. With a reverse mortgage, you don’t need to make regular repayments, although you can choose to do so. And whatever choice you make, you have guaranteed lifetime occupancy – you can stay in your home for as long as you choose.

Can you lose your home with a reverse mortgage?

The short answer is no. Reverse mortgages in Australia are governed by the National Consumer Protection Act 2009.

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.

How long do I have to repay the reverse mortgage?

A reverse mortgage does not have to repaid until you sell your home, in which case it is paid as part of the settlement process. If you remain in your home until you pass away, your estate has 12 months in which to pay out the loan.

How old do I have to be to take out a Reverse Mortgage?

The youngest borrower has to be aged 60+.

More on Reverse Mortgages