SEQUAL Deloitte Research Report to December 2011
Professional Services firm Deloitte released its 10th comprehensive study of the Australian reverse mortgage sector today. Commissioned by the Senior Australians Equity Release Association (SEQUAL), the study shows that at 31 December 2011 the reverse mortgage market in Australia consisted of more than 42,000 reverse mortgage facilities with total outstanding funding of $3.3 billion. This represents 10% growth in the value of new lending over the 12 months from 31 December 2010 and 22.5% growth in the last 24 months.
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