Australian Reverse Mortgage Market Reaches $2.6 Billion
Kevin Conlon, Chief Executive of SEQUAL said: "SEQUAL sees the results of the Deloitte study as testament to the fact that Seniors Equity Release continues to emerge as a key retirement funding option.
Conlon explains that equity release provides the opportunity for many Senior Austalians to access the significant wealth they have accumulated through property ownership to more effectively meet their needs beyond their working life. When used effectively, equity release can assist retirees to avoid having to sell their home in order to improve their standard of living or meet significant financial challenges such as moving into aged care. The diversified usage over the last six months demonstrates the flexibility of equity release products and the growing awareness that equity release is considered to be an important part of modern retirement funding.
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