retirement.org.nz

Capital tied up in housing wealth is likely to continue as a major form of asset accumulation, even though levels of home ownership may fall. Demographic pressures and moves to promote self-reliance are likely to restrain the government's ability to increase retirement incomes. These trends suggest that many older people will continue to find their incomes are not adequate for their desired standard of living, while they have considerable funds tied up in housing. These conditions call for equity release to be available as an option for older home owners and ensure a large potential demand. Despite this, take-up of equity release schemes has been low everywhere, related to numerous issues on both demand and supply sides. March 2005.
 

Attachment
ER Report Final March 2005.pdf