Australia’s reverse mortgage market delivers continued growth
Deloitte Actuaries and Consultants released its seventh comprehensive study of the Australian reverse mortgage sector today. The study was commissioned by the Senior Australians Equity Release Association of Lenders (SEQUAL), the peak industry body which governs reverse mortgage providers and provides consumer safeguards.
The Deloitte SEQUAL Reverse Mortgage Study showed that the reverse mortgage market as at 30 June 2009 consisted of more than 38,000 reverse mortgage facilities with total outstanding funding of $2.6 billion. This represents market growth of 5% in the 6 months to 30 June 2009.
Find out more, download the Media Release and presentation below.