An industry lobby has called on the government to set up its support of the reverse mortgage market as Australia’s population ages. Equity Release OZ has pointed to the interim report released by the Financial System Inquiry, saying that the report addressed equity release only briefly. Equity OZ chief executive Kevin Conlon said the report […]

Australia’s superannuation rules could “significantly change the dynamics” of the property market, one super provider has warned. Recent modelling suggests that the average 65-year-old retiree’s super balance will likely be exhausted after only six years of retirement, according to Club Plus Super. Chief executive Paul Cahill said Australia’s rapidly aging population could result in hundreds […]