HEAS vs Reverse Mortgages: What’s the best way to unlock your home’s equity in retirement?
As retirement stretches longer and living costs rise, more Australian homeowners are looking for ways to free up cash without selling their home. Two increasingly popular options are the Home Equity Access Scheme (HEAS) and a commercial reverse mortgage. Both let you access the wealth (equity) in your home without the need to sell — but they’re very different products, with different benefits, costs, and risks. Here’s what you need to know before making a decision.