The numbers are hard to ignore: you need a significant lump sum for residential aged care, and the cash for ongoing fees has to come from somewhere. For many older Australians, their family home is their biggest asset, but selling it means leaving a place full of memories.
The other option, a traditional reverse mortgage, usually means taking on debt with compounding interest, which feels wrong after a lifetime of being financially careful. This difficult choice leaves many feeling trapped. In fact, data from Colonial First State shows that 54% of Australians worry they won’t have enough money for a comfortable retirement.
A different model of equity release was designed to solve this exact problem. For homeowners looking for an alternative to selling their home or taking on new debt, Australian-owned Homesafe Wealth Release offers a solution that isn't a loan, but a debt-free, part-sale property transaction. Since it was founded in 2005, this approach has given over 9,000 Australians a different path for funding their retirement.
