Google AI
The Times Australia
Business and Money

That reverse mortgage scheme the government is about to re-announce, how does it work?

  • Written by: Colin Zhang, Lecturer, Department of Actuarial Studies and Business Analytics, Macquarie University
That reverse mortgage scheme the government is about to re-announce, how does it work?Shutterstock

Many Australians have never heard of the Pension Loans Scheme, and many more assume it’s just for pensioners, which is understandable given its name.

That’s why the government is poised to rename it the Home Equity Access Scheme and make the interest rate it charges more reasonable, in the mid-year budget update on Thursday.

T...

Read more: That reverse mortgage scheme the government is about to re-announce, how does it work?

Business Times

Dreame Launches More Than 20 Smart Home Products at DREAME NEXT L…

Dreame Technology, a global high-end technology company, today launched more than 20 smart home products and dozens of indust...

China's Auto Disruption

There was a time when buying a car was almost a reflex. You chose between familiar badges—Ford, Toyota, Nissan—and perhaps ...

Job scams create hiring risk for Australian businesses

By Lauren Anderson, Workplace Expert at Indeed Job scams are no longer the obvious, poorly written emails many Australians...

Technology

What next from Apple

The question of what comes next for Apple Inc. is no longer theoretical. With leadership transitio...

Local News

Court outcome reinforces wildlife traffick…

A 20-year-old man has been fined close to $50,000 and ordered to pay costs after pleading guilty t...

Culture

World Surf League – The Circus on Water at th…

The Gold Coast has always been a theatre for spectacle, but when the World Surf League rolls into ...

Travel

Solo Travel: why? Do as you like, when you li…

There was a time when travel was almost always a shared experience—family holidays, group tours, c...

The Times Features

World Surf League – The Circus on Water at the Gold Coa…

The Gold Coast has always been a theatre for spectacle, but when the World Surf League rolls into ...

Australian Wine Guide

A Quick but Informed Guide to the Varieties and Popular Brands of Australian WinesDon’t let a wine...

Chef knives: Setting up a home or upgrading, does price…

For anyone serious about cooking—whether setting up a first kitchen or upgrading an existing one—t...

Solo Travel: why? Do as you like, when you like, anywhe…

There was a time when travel was almost always a shared experience—family holidays, group tours, c...

Moving to Cairns? These are the suburbs offering a seas…

For Australians looking to trade congestion, cold winters and rising property costs for sunshine a...

GINA WILLIAMS & GUY GHOUSE LIVE AT THE ELLINGTON’ D…

After 15 years of performing around the world, recording studio albums and unveiling two opera works...

The Quiet Luxury of Ink: Rediscovering the Joy of Writi…

In an age dominated by screens, taps and instant communication, the simple act of writing by hand ...

Owning a Restaurant: Buying One or Braving the Challeng…

Owning a restaurant has long been one of the most alluring—and misunderstood—paths in small busine...

Supermarket Prices Are Up — and So Is Dinner at a Modes…

For many Australians, the weekly grocery shop and a simple night out for dinner have quietly becom...