Number of reverse mortgages now 42,000 and worth $3.3B
Rather than buying into a village, 3,800 ageing Australians took out a reverse mortgage last year, according to research by Deloitte. The average age is 75. This compares to over 12,000 ILU sales last year however
Rather than buying into a village, 3,800 ageing Australians took out a reverse mortgage last year, according to research by Deloitte. The average age is 75. This compares to over 12,000 ILU sales last year however.
