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Reverse Mortgage Australia in 2017

by Darren Moffatt on March 7, 2017

After a long absence being busy with my reverse mortgage broker Seniors First, I thought it was high time to provide a ‘state of play’ update for Reverse Mortgage Australia in 2017. I’m pleased to report it’s mostly good news! The reverse mortgage market is perhaps the healthiest it’s been in some years. There are […]

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Reverse Mortgage State of Play for 2017

by Darren Moffatt on March 7, 2017

After a long absence being busy with my reverse mortgage broker Seniors First, I thought it was high time to provide a ‘state of play’ update for Reverse Mortgage Australia in 2017. I’m pleased to report it’s mostly good news! The reverse mortgage market is perhaps the healthiest it’s been in some years. There are […]

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Reverse Mortgage Demand To Rise, Thanks to Government?

by Darren Moffatt on September 8, 2014

There are media reports that many senior Australians are now starting to worry about government’s plans for the aged pension and Newstart Allowance revealed in the recent budget. As the Federal Government announces new schemes as part of its $5.1 billion employment service program the unemployed may soon be forced to apply for 40 jobs […]

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Aged Pension Cuts for Seniors Will Boost Need for Reverse Mortgages

by Darren Moffatt on April 17, 2014

Lots of ominous sounds coming out of Canberra recently for seniors. Firstly, the treasurer has been dropping big hints that the retirement age will probably rise to 7o years in the May budget. While it won’t affect this generation of retirees, take it as done. The retirement age will go up Generation X and young […]

Why reverse mortgage? Top 7 reasons seniors use equity release loans

by Darren Moffatt 17 January 2014

Funny how attitudes change over time. When I started in the reverse mortgage industry in 2005,  there was a widespread (though misinformed) view that reverse mortgages were ‘evil’ or ‘bad’. That the banks would end up ‘taking’ your home, and that spending the kids’ inheritance was selfish, irresponsible & perhaps even immoral. Well not anymore! […]

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Why aged pension & superannuation will soon be even harder to access

by Darren Moffatt 25 November 2013

There’s been lots of talk recently about increases to the aged pension age. Understandably, many seniors are upset. Last week the Productivity Commission, (the government’s independent economic advisory body)  released this report about ageing in Australia. It suggests that due to the rapidly ageing population and the huge pressures this will place on the government […]

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Banks fail seniors – where are the Reverse Mortgage lenders?

by Darren Moffatt 7 November 2013

What started out as a fringe issue in the banking system is quickly developing into a major headache for many Australian pensioners. I’m talking of course about the limited availability of reverse mortgage loans. I last wrote about it HERE, but things are much worse now, and there’s a case to be made that banks […]

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Reverse mortgages beckon for self-funded retirees seeking income

by Darren Moffatt 7 August 2013

With news yesterday that the RBA has cut the cash rate to a record low of 2.5%, many self-funded retirees are now really feeling the pinch. Since the GFC and the rapid decline in both share dividends and term deposit interest rates, self-funded retirees have struggled to generate a return off their investments that is […]

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Reverse mortgages are key for senior women

by Darren Moffatt 1 May 2013

It’s long been known that this generation of senior women have less money for their retirement than their male counterparts. There are several good reasons for this, including the fact that superannuation was only mandated at current levels in 1993. Also, the proportion of women who worked in past generations was much lower than today, […]

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ASIC launches new reverse mortgage calculator

by Darren Moffatt 10 April 2013

After quite a long period in development, ASIC recently released their new reverse mortgage calculator. You can find it HERE. I was part of the industry panel that provided input into this tool, and I have to say I think ASIC have done a great job here. This reverse mortgage calculator is much easier to […]

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