Pacific Equity Partners (PEP) will finance Household Capital, a reverse mortgage lender, to address the retirement funding and housing needs of senior Australians.
Household Capital has acquired government home equity scheme specialist Pension Boost; endeavoring to become the leading provider of home equity access in 2023.
In 2021 the government, industry and consumers all spoke to the need for Australia to embrace the third pillar of retirement funding, the retiree home equity market. It became obvious that the three pillars – being the age pension, superannuation and home equity – should work holistically together to fund better lifestyles for Australian retirees.
Property-owning Baby Boomers want to help their children get into the property market now, rather than wait to provide an inheritance, a new survey reveals. According to a quarterly survey by inde