Send your care to Melbourne

Donate a care pack now

Live well at home


  • Member Matters
  • Health and wellness

A retirement village, residential aged care, downsizing to a small unit or apartment… they’re generally not at the top of the retirement bucket list. If you’ve been thinking that you want to age at home, you’re not alone.

Feels like home

Australians prefer to stay in their own home as they age and why not? Your family home has been the centre of your life for years. It has witnessed events and milestones, and many memories have been created within its walls. A familiar location can influence your perception of safety, help you maintain social connections within your community, and provide access to services and proximity to family and friends.

It’s not surprising you would prefer to spend as much of your retirement in your own home as possible.

Fit for purpose

Research points to the fact that retirees enjoy a better quality of life and live longer if they can stay at home; however, the suitability of the home for retirement is important. Is your home comfortable, safe and secure? Will it remain so for the next five, ten or twenty years?

To retire comfortably at home, you may need to make some minor modifications. These changes may be necessary to help you get around or be safer in wet areas such as bathrooms. It might be new guttering with a mesh insert, so there’s no need to climb ladders for regular cleaning.

Funding modifications

Such modifications come at a cost, which can impact your retirement funding. Not everyone has a contingency fund to draw upon. Pension income – whether from superannuation, the Age Pension, or both – seldom covers larger expenses. But that doesn’t mean you can’t live safely and comfortably in your own home. If you need to fund renovations or modifications, Household Capital can help.

Find out how you can use the savings in your home to make it safe and comfortable for your retirement years, so you can Live Well At Home.

Learn more

Case study

Rhona and David, an active couple in their mid-70s, live in Camberwell, a leafy suburb in Melbourne’s south-east.

Rhona is an active member of the local bowling club, and both regularly attend events run by the local Probus Club. David has experienced some health issues that require him to use a walking stick.

Their financial adviser referred them to Household Capital. Although they each receive the full Age Pension, their super was largely depleted, and they needed to make some modifications to their home. They wanted to ensure their home and garden were as maintenance free as possible, as well as modify the entrance and bathroom to make it easier for David to get around.

Although their age and home value would have permitted a larger drawdown, they borrowed $60,000 - enough to undertake the work they needed around the house as well as having a contingency fund for ‘peace of mind’.

This also leaves sufficient equity should they need additional funds in the future, for living or a transition to aged care.

To learn more about our partnership with Household Capital, visit the Partners section of our website.

Let's go

Applications for credit are subject to eligibility and lending criteria. Fees and charges are payable, and terms and conditions apply (available upon request). Household Capital Pty Limited is an authorised credit representative (512757) of Mortgage Direct Pty Limited ACN 075 721 434, Australian Credit Licence 391876.

Member discounts and benefits


Pandemic Protect

Pandemic Protect

Pandemic Protect are your "one stop shop" for masks, hand sanitisers and all personal protective equipment to keep you and all those around you safe.

Support us for your chance to WIN $250K in gold!

Support us for your chance to WIN $250K in gold!

Support us for your chance to win! Entries close 23 September 2020.

Pension Loans Scheme application service

Pension Loans Scheme application service

Save on Pension Boost's service when you boost your retirement income through the government's Pension Loans Scheme (PLS).

HelloFresh

HelloFresh

Get $90 off your first four HelloFresh boxes! OR Get 40% off your first HelloFresh box with National Seniors!

The Good Guys

The Good Guys

Sign up to Good Guys Commercial platform and win!

Age Pension application service

Age Pension application service

Take the frustration out of accessing the Age Pension and Commonwealth Seniors Health Card with Retirement Essentials.

Petals Florist Network

Petals Florist Network

Brighten someone’s day with fresh flowers beautifully arranged and freshly delivered by Petals Florist Network from $29.95. National Seniors members save 15% on purchases.

Experience Oz

Experience Oz

Over 3000 experiences across Australia and New Zealand.


Related


Building from the ground up
  • Member Matters
  • Advocacy

Building from the ground up

On a cliff and a prayer
  • Member Matters
  • Lifestyle

On a cliff and a prayer

Join us today

Share your voice and select the benefits that matter to you with a National Seniors membership.

Join now