You may not realise it, but increasingly, many Australians are choosing to retire in their own homes.

According to an Australian House and Urban Research Institute study, up to 80 per cent of Australians over 55 want to maintain closeness to family and friends, shopping, transportation, and health services as they age.

Making this a reality for Australian retirees has become possible thanks to services like Home Equity, which has partnered with Household Capital. Household Capital is Australia’s premier home equity retirement funding provider and understands that for many Australians, your home is your castle. Through its Household Loan, you can draw on your home equity for a range of purposes, including renovations or modifications to make your home comfortable for all stages of retirement.

Personalised service and providing its clients with flexibility and choice are tenets that underpin Household Capital’s service.

Home Equity’s mission is to provide you with the opportunity to retire comfortably in your home without impacting your retirement funding. Home Equity specialises in purposeful renovations that will make your home livable for longer. 

• Using its own funds, Home Equity will consult, design, estimate, and renovate your home.
• Once the job is completed to your expectations, Household Capital will establish a Household Loan with you, which draws on your home equity to pay for your renovations.
• You (the client) pay nothing until your home is sold, at which point the cost of your home improvements, plus interest, is deducted from the proceeds of sale.

This entire procedure is white glove and highly regulated. It has strong consumer protections governed by the National Consumer Credit Protection (NCCP). 

• It is a less expensive alternative to nursing homes or retirement villages. 
• You enjoy an enhanced quality of life because your home is fitted with modifications to accommodate your lifestyle. 
• Home improvements will increase the value of your property, resulting in a higher valuation for future generations to enjoy. 
• You retain the title to your home and are not required to make regular repayments to Household Capital until your home is sold. 
• The entire process is managed from start to finish by your trusted teams at Home Equity and Household Capital.

We help and protect seniors who are getting ready to retire. At Home Equity, we guide and build with you through the entire retirement renovation process until you are completely satisfied and sign off on the project. 

Our goal is to help you retire in comfort and dignity within your own home while also increasing the value of your home through renovation.

Our most recent client, George, was hesitant to renovate, but he felt compelled to do so to make his home more accessible. His house in the Inner-West of Sydney was worth $1.25 million before the renovation. The Home Equity renovation cost $250,000. Once the renovation was completed, George had his property appraised by several banks, who averaged a re-evaluation of $2 million. Not only did this opportunity improve George’s quality of life, but he also increased the value of his property by $500,000.