Reverse Mortgages Explained: How Australians Over 55 Can Unlock Home Equity Without Selling

A reverse mortgage is a loan available to Australians 55 and over that lets you access the equity in your home without making any loan repayments, and without needing to prove income. Instead of paying it down, the loan balance grows over time as interest is added, and it is repaid from the sale proceeds when you sell, move into aged care, or pass away. Strict safeguards mean you can never be evicted and can never owe more than the home is worth, making it a popular option for retirees who are asset rich but cash flow poor.