Australian Reverse Mortgage Market Reaches 2.7 Billion
Kevin Conlon, Chief Executive of SEQUAL pointed out "attitudes towards retirement funding are changing as the largest generation within the Australian populatioin, the so-called Baby Boomers, approach the end of their working lives. The home is increasingly being considered part of the planning process as a means to unlock the substantial wealth stored in property in order to live well."
Conlon supports the view of responsible borrowing and believes this is a result of appropriate product design and the high standards of practice imposed by SEQUAL. "The effective use of a combination of lump sum and income stream facilities enables borrowers to borrow what they want when they need it" Conlon said.
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