Browsing Tag:Australia

although-potential-is-excessive-reverse-mortgage-penetration-stays-low-in-australia
While the American reverse mortgage industry has looked at models of similar industries in other countries, at least one other country that appears to be leaning more towards the product category is facing a problem familiar to American reverse mortgage professionals should: low interest rates of penetration of the mortgage market.In Australia, where reverse mortgages have increased five-fold since...
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reverse-mortgage-adoption-charge-doubles-in-australia-as-a-consequence-of-pandemic
Government sponsored reverse mortgages in Australia have grown significantly since the economic impact of the COVID-19 coronavirus pandemic weighed on the finances of retirees in that nation with the introduction of the Pension Loans Scheme (PLS). Exceeds government expectations for the program introduced in the 2018-19 state budget. This emerges from the original reporting by the Sydney...
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