Housing Equity Withdrawal: Uses and Risks of Alternative Options for Older Australians
Centre PersonnelGavin Wood
External PersonnelRachel Ong ViforJ, Therese Jefferson, Marietta Haffner
Research PartnersRMIT University, Delft University of Technology
Project FundingAustralian Housing and Urban Research Institute
Project StatusComplete (March 2012 to May 2013)
Project Summary
Recent economic events have highlighted the riskiness of housing as a vehicle for retirement funding. This project will uncover the financial costs and risks of alternative housing equity withdrawal mechanisms and offer recommendations of financial products which can mitigate risks associated with withdrawing housing equity in older age.
Project Outputs
Mortgage equity withdrawal and institutional settings
In this exploratory paper, we investigate whether there are links between institutional context and the development of markets in home equity conversion that are based on financial instruments facilitating mortgage equity withdrawal (MEW). Using secondary data and literature sources from... Read article
Housing equity withdrawal: Uses,risks and barriers to alternative mechanisms in later life
This project, funded by the Australian Housing and Urban Research Institute (AHURI), uncovers the uses, risks of and barriers to housing equity withdrawal (HEW) by older home owners aged 45 years and over via three alternative mechanisms: in situ mortgage... Read article
Assets, debt and the drawdown of housing equity by an ageing population
This Positioning Paper is the first output of a project that aims to uncover the uses, financial costs and risks of housing equity withdrawal (HEW) via alternative mechanisms by older Australians. By HEW, we are specifically referring to any mechanism... Read article
The Bankwest Curtin Economics Centre team acknowledges the Wadjuk Nyungar people as the traditional owners of the land on which the Centre is situated.