Investing
Homesafe Wealth Release: A New Way to Fund Retirement Without Debt
Global Banking & Finance Review®
Company
By Kaitlyn Gomez
Rising living costs and modest super balances have left many senior Australians rich in assets but short on cash. For homeowners over the age of 60, their family home is often their most significant asset. However, converting that equity usually means downsizing or taking on debt through a reverse mortgage.
Homesafe saw a better way to support retirees. In 2005, they introduced Homesafe Wealth Release, the nation’s first debt-free equity-release product,
Homesafe Wealth Release is not a loan. Instead, eligible homeowners receive a one-off lump-sum payment in exchange for a pre-agreed, capped percentage of their home’s future sale proceeds. Since there is no accruing interest and no repayments ever required, the homeowner’s debt never expands over time. They keep full legal ownership, can live in their property for life, and know from day one exactly how much equity will remain for their estate.
Typical Reverse Mortgages have compounded interest and fees over time. Eventually, repayments are due at the time of the house’s sale, but the Homesafe Wealth Release never requires any repayment.
Reverse Mortgages can diminish an inheritance and create anxiety as debt grows. Homesafe eliminates the creeping interest and protects homeowners against negative equity. The homeowner or estate can never owe more than the agreed share, even if property prices fall.
Rhona, a Homesafe client, said, “Homesafe allowed us to stay in our treasured family home. There was no need to downsize, and we had the freedom to do what we wanted in retirement.”
Hank, another client, said, “The process was simple and easy to understand. It gave me peace of mind and enabled us to get on with our lives.”
Lastly, James shared, “I had heard about Homesafe and that I could access equity in my property to pay off my debts. Homesafe was easy to deal with, and they were interested in helping me.”
Other similar stories from customers highlight the flexibility of the Homesafe Wealth Release. It can fund everything from medical bills to bucket-list travel without adding any debt.
The Managing Director of Homesafe, Dianne Shepherd, emphasizes the company’s customer-first philosophy in the media: “Older Australians want and deserve security, dignity, and choice in retirement.”
Under her leadership, Homesafe has integrated:
Australia’s over-65 population is projected to surpass six million by 2030.
The demand for safe and transparent equity release is also likely to grow. Homesafe’s debt-free model positions the company as a model for ethical retirement funding.
With no interest, repayments, or debt, Homesafe offers an ethical and transparent way for retirees to convert their primary assets into cash. For retirees who value security in their financial transactions, Homesafe Wealth Release provides a compelling way to achieve financial freedom, allowing Australians to enjoy the homes they have earned while funding the lives they deserve.
Kaitlyn Gomez
Explore more articles in the Investing category
