Boost your Retirement with Homesafe Wealth Release
Homesafe Wealth Release® is the popular debt-free way to fund your retirement. Talk to the experts in equity release today.
See how much of your wealth locked in your home you could access
Homesafe Wealth Release® gives homeowners aged 60+ a cash lump sum today in exchange for a capped share of your home's future sale price — with no debt to repay.
- No loan, no compounding interest charges, no repayments
- You stay in your home — for life
- The most Homesafe can receive is capped and known before you sign
How much could I receive?
The below calculation refers to the maximum amount which may be available to you based on your age.
Maximum you could receive
$300,000
Calculated at the maximum 65% sale interest sold to Homesafe. You can choose to receive less in exchange for a lower sale interest percentage.
This is an indicative maximum estimate only — the actual amount you receive will depend on your chosen sale interest percentage, an independent valuation of your home, and your individual circumstances. Choosing a lower lump sum means selling a smaller share of your future sale proceeds to Homesafe. Speak with a Homesafe specialist to explore the options available to you.
The amount of the cash advance will depend on the age(s) and gender(s) of the Homeowners, the value of the home today and the minimum and maximum limits Homesafe can advance.
Homesafe Wealth Release®
vs. a Reverse Mortgage
Both equity release options enable you to access home equity without selling your home. They work very differently. Here is a comparison.
| Homesafe Wealth Release® | Reverse Mortgage | |
|---|---|---|
| Structure | You sell a capped share of your home's future sale proceeds — not a loan. | A loan secured against your home. Interest charges compound over time. |
| Debt created | No debt. No compounding interest charges. No interest rate. No monthly repayments. | Yes — a growing debt that accrues compounding interest until you sell your home. |
| What you give up | A capped and agreed share of your home's future sale price. The capped percentage is defined in your contract. | Your remaining equity in your home, which diminishes as interest charges compound — the longer you stay, the more is owed. |
| Monthly repayments | None. | None required during your life, but interest is added to the loan balance. Some providers may allow you to make repayments towards the loan in future. |
| Right to stay in your home | Guaranteed in writing for life. | Guaranteed, subject to loan conditions and if you move into care, or vacate your home, this protection may change. |
| Impact on estate | You can protect a share of your home's value for your Estate and they may receive more. | The loan balance (principal + compounded interest) is repaid from sale proceeds. |
| Certainty of cost | The share Homesafe may receive is capped and known in advance. | Final cost depends on how long you live in the property, interest rate movements in future and property value movements. |
| Regulation | The Homesafe business is regulated by ASIC pursuant to Corporations Law and the Homesafe Contract is governed by Property Law. | Regulated by ASIC under the National Consumer Credit Protection Act 2009 (Cth) and the National Credit Code, including statutory negative equity protection. |
For more information about Equity Release products, visit the ASIC MoneySmart website by clicking here.
This table is provided for general information only. Individual products may vary. Homesafe Solutions Pty Ltd does not offer reverse mortgages. We recommend you seek independent financial advice when comparing your options.
As seen and heard on
Do you qualify?
Homesafe Wealth Release® has clear eligibility criteria.
- Age 60 or overHomeowners who are at least 60 years of age in Victoria, or at least 55 years of age in New South Wales (where at least one Homeowner in NSW is at least 60 years of age), at the date of Contract with Homesafe.
- Property in an eligible areaWe operate in selected postcodes across Australia. Enter your details below to check.
- Minimum land to dwelling valueThe property needs to meet a minimum land valuation threshold which will be confirmed by an independent property valuer.
- Principal place of residenceThe property must be your principal place of residence at the time funds are advanced.
- Own your home outright or with a small remaining mortgageAny existing mortgage would need to be repaid from the amount Homesafe can advance to you - unless you have other funds to do so.
What does this mean for my family or my estate?
This is the question we hear most often.
When you enter a Homesafe Wealth Release® contract, you sell a capped share of your home's future sale proceeds to Homesafe. That share is set out clearly in your contract before you sign anything.
The remaining share of your home's sale proceeds belongs to you or can be passed to your estate.
There is also a unique feature of the Homesafe Wealth Release® Contract. As we are buying a share of the future sale proceeds of your home, this is not the same as a share of your home today. We will make an assumption that you will likely live in your home for many years to come - and as this is a long term assumption, the amount we pay to you today is a discounted or lower figure. However if we get this wrong, and you do not remain in your home as long as we assumed, we may receive less than the capped share of the proceeds of your home - and will return this to you in the form of an Early Sale Rebate.
Importantly, Homesafe does not automatically receive the full capped share. The capped share is the maximum; if you sell earlier than assumed, the Early Sale Rebate reduces Homesafe's share, and the earlier you sell, the larger the rebate.
Many homeowners who use Homesafe Wealth Release® choose to discuss the arrangement with their family before proceeding - and all customers are encouraged to invite their family members to the appointment with their specialist.
If you have questions about the amount Homesafe may be able to provide to you in your circumstances, your Homesafe specialist can walk through some estimates with you and your family - at no cost or obligation.
Real homeowners, real outcomes
The following case studies are based on actual Homesafe customers who have given written consent to share their experiences. Individual outcomes vary.
Margaret, 72 — Melbourne
- Estimated property value: $1,100,000
- Lump sum received: $170,000
- Homesafe's capped share of future proceeds: 31%
- Period of Early Sale Rebate available: 11 years
- Used for: home renovations and travel with her grandchildren.
"I wanted to stay in my home but needed funds to make it work. The process was clear and I had my solicitor review everything before I signed."
Published with written consent. Names used with permission.
Brian and Helen, 68 & 65 — Sydney
- Estimated property value: $1,400,000
- Lump sum received: $190,000
- Homesafe's capped share of future proceeds: 33%
- Period of Early Sale Rebate available: 14 years
- Used for: supplementing pension income and paying off a small credit card balance.
"We sat down with our daughter and went through the numbers together. Knowing the share was capped made it easier to plan what would be left for her."
Published with written consent. Names used with permission.
Robert, 75 — Melbourne
- Estimated property value: $990,000
- Lump sum received: $150,000
- Homesafe's capped share of future proceeds: 26%
- Period of Early Sale Rebate available: 9 years
- Used for: funding care services for his son.
"I didn't want to sell the family home. This gave me an option I didn't think I had."
Published with written consent. Names used with permission.
Past outcomes do not predict future results. The lump sum you may receive, the capped share of the proceeds and the Early Sale Rebate will depend on your property value, age, contract terms and future outcome of your Homesafe Contract on sale.
Organise an obligation-free discussion today
One of our specialists will call you to discuss your situation and, if we can assist you we will organise an obligation free meeting with you in the privacy of your home.