The Home Equity Access Scheme for older Australians
16 October 2023
The Scheme allows eligible older Australians to access the equity in their home or other Australian real estate through an Australian Government loan. Both pensioners and non-pensioners are eligible.
You can use the Scheme to access fortnightly loan payments to supplement your regular retirement income. You could also choose to receive a lump sum payment to help cover larger, unexpected costs.
A no negative equity guarantee ensures you won’t repay more than the equity in the property used to secure the loan.
Services Australia offers a free Financial Information Service which provides information to help you make an informed choice.
Before applying, you should consider getting independent financial advice.
You can view our videos about the Scheme:
Find out more
Contact Services Australia on 13 23 00 or visit the Home Equity Access Scheme page on the Services Australia website to find out more and to apply.
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