In 2024, Australia’s population of over-60s navigated a transformative period driven by longer lifespans, shifting retirement paradigms, and increasing financial pressures.
Here’s a quick look at the trends, statistics, and movements that define the retirement and financial landscape for Australians aged 60 and above in 2024.
As we approach the mid-2020s, retirement has transformed from a straightforward notion of leaving the workforce to a complex and evolving stage of life. Shaped by rising costs, shifting cultural perspectives, and longer life expectancies, the new retirement landscape presents both inspiring opportunities and serious challenges for Australians. Here’s a look at how these factors are redefining retirement, and what they mean for older Australians aiming to secure a fulfilling future.
Many Australians aged 60 and over are turning to reverse mortgages to access the equity in their homes, providing them with the financial flexibility to enjoy their retirement without selling their property. However, a common concern is whether taking out a reverse mortgage will impact Centrelink benefits such as the Age Pension.
If you’re living in a land lease or lifestyle village community and are considering a reverse mortgage to access the equity in your home, you may be surprised to learn that reverse mortgage lenders generally won’t approve these types of properties for a loan. So, why exactly can’t you borrow against your land lease or lifestyle village property?
Reverse mortgages have become an increasingly popular way for older Australians to access the wealth tied up in their homes without having to downsize or sell. We look back at the history of these specialist financial products in Australia.
Reverse mortgages have become an increasingly popular way for older Australians to access the wealth tied up in their homes without having to downsize or sell. We look back at the history of these specialist financial products in Australia.
If you’ve been looking into reverse mortgages, you might have come across something called the No Negative Equity Guarantee. It’s a key part of reverse mortgages in Australia, designed to protect homeowners. We explain exactly what it is, and why it is important?
We reveal the key financial challenges facing older Australians today and why a reverse mortgage can be a valuable option for retirees looking to boost their financial wellbeing.
When it comes to reverse mortgages in Australia, there’s a lot of confusion and misinformation. In this article, we’ll debunk the five most common myths surrounding reverse mortgages in Australia and help you understand how they can provide financial freedom and flexibility in retirement.
