Products & services
You’ve worked hard for your home, why not let it work for you in retirement? The wealth in your home can help you enjoy a retirement with financial security, choice and peace of mind.
What can your home do for you?
Retirement should be about living well and not worrying about making ends meet. Unfortunately, many retirees don't have the confidence to take control and live retirement on their own terms.
The wealth in your home can help you
- Improve your regular retirement income
- Renovate or modify your home for comfort and security
- Fund medical, dental or aged care
- Simply enjoy the lifestyle you worked so hard for
- Refinance your existing debt
What we offer
Our customers tell us they want security - both financial security and that which comes from the comfort of living at home in your familiar community, close to family and friends. Your home can provide the financial freedom you’ve worked for and the sanctuary you deserve.
Household Loan
Our Household Loan is a flexible reverse mortgage that comes with a range of consumer protections and provides you with access to a regular income stream, a lump sum payment - or both. It is available to be drawn as a lump sum, a regular income stream, or both; whatever best meets your needs.
You retain 100% ownership of your home, enjoy the security of guaranteed lifetime occupancy and have no obligation to make regular repayments until you decide to move or sell.
Pension Boost Service
Our Pension Boost service can help you apply for the government's Home Equity Access Scheme. This provides access to a modest fortnightly income stream or a capped lump sum payment.
We handle the paperwork and ongoing reviews so you can enjoy your retirement without the stress of managing the process yourself.
Our customers Joe & Dianna share their thoughts on a reverse mortgage
What's right for you?
60+
Pension age (66 and 6 months or 67 years)
Australian homeowners
You or your partner own suitable property in Australia to use as a security
8.45% Variable (8.48%* Comparison)
3.95%
$50,000 – $5,000,000 +
Up to 150% of Age Pension per fortnight (maximum additional income per year – $45,969 for singles or $69,303 for couples, less any pension being received)
Capital
Income stream
Mortgage refinance
Renovations
Aged care RADs and DAPs
Income stream and/or a capped lump sum advance payment
All metropolitan postcodes and some regional areas
All areas in Australia
20% of house value at age 60, then 1% each year
Based on age, ranging from around 27% of equity at 75 to 67.5% of equity at 90 or above
At establishment
On application and periodically thereafter at the Government’s discretion
Responsible lending applies and subject to the National Credit Code (NCC) including its consumer protections
HEAS is not subject to the National Consumer Credit Code or it’s consumer protection. However a No Negative Equity Guarantee applies
Personalised service by Household Capital team
Administered via Centrelink and subject to in-store or phone queues; Pension Boost Service can expedite the application process
$950 establishment fee (plus valuation and government charges)
The Pension Boost Service charges an application fee of $660, or $440 for pensioners (plus title and postage fees)