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Younger Australians turn to reverse mortgages for early retirement

1 min · 17 jul 2026
aflevering Younger Australians turn to reverse mortgages for early retirement artwork

Beschrijving

Reverse mortgages are experiencing a surge in popularity among Australian homeowners in their mid to late 50s, with demand shifting from traditional retirees to younger borrowers. These home equity loans are being used to fund renovations, debt repayment, new cars, regular income and travel, with most borrowers located along the east coast in affluent areas including Broadbeach, Southport, Byron Bay and Sydney's Northbridge. While reverse mortgage interest rates can reach as high as 8%, the Federal Government offers a cheaper alternative scheme providing seniors with lump sum or fortnightly cash payment options. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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aflevering Olympian faces jail; beloved restaurant demolished; distraught homebuyers artwork

Olympian faces jail; beloved restaurant demolished; distraught homebuyers

Olympic cyclist Rohan Dennis has pleaded guilty to driving while disqualified with his children in the car, just months after receiving a five-year driving ban over the crash that killed his wife, champion cyclist Melissa Hoskins. A beloved family restaurant in the hills is set to be demolished by the government to make way for a new primary school, leaving the owners devastated and facing an uncertain future. The decision has sparked controversy, with some local leaders who celebrated the development also signing a petition against the school's location. More than 100 homebuyers north of Adelaide had their housing contracts terminated by developer Wel.co, causing anger and uncertainty. Local and state governments are vowing to hold the developer accountable, while council leaders are working to reinstate the cancelled contracts. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

17 jul 202616 min