This little-known government scheme can help retirees tap into $3 trillion of housing wealth
- Written by Katja Hanewald, Associate Professor in Risk & Actuarial Studies, UNSW Sydney
For many Australians, most of their retirement wealth is tied up in their home. A simple, well-designed program to tap into those trillions in home equity could help boost their retirement incomes.
Such a program exists. However, it remains little known and underused.
The federal government’s Home Equity Access Scheme (HEAS) allows older...
