Open to Australians aged 67 or older, the scheme has an interest rate of just 3.95% – which hasn’t changed in more than three years.
Articles on Housing wealth
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The gap in housing wealth between older and younger Australians has widened from 161% to 234% – making it almost half as big again.
You’d think falling housing prices might help people on low incomes, but history shows downturns often increase inequality. And many buyers who took out big loans during the housing boom are at risk.
Top contributors
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Professor of Housing & Social Policy, HHAUS Housing, Homelessness & Urban Studies, Swinburne University of Technology
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Associate Professor in Urban Geography, The University of Melbourne
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John Curtin Distinguished Professor, Curtin University
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Adjunct associate, Swinburne University of Technology
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Research Fellow, School of Accounting, Economics and Finance, Curtin University
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Associate Professor in Risk & Actuarial Studies, UNSW