The Home Equity Access 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:
Home Equity Access Scheme
The Home Equity Access Scheme is an Australian Government program that provides flexible and secure financial options for older Australians.
You can cover unexpected costs with a modest lump sum advance or top up your fortnightly income, backed by the equity in your Australian real estate. Whether you're a self-funded retiree or receive the Age Pension, you might be eligible. Get more information and check your eligibility by visiting the Services Australia website.
Want to be prepared for a one-off cost or supplement your everyday income?
The Home Equity Access Scheme is an Australian Government program that provides flexible and secure financial options for older Australians.
Get more information and check your eligibility by visiting the Services Australia website servicesaustralia.gov.au/home-equity-access-scheme
Find out more
- Contact Services Australia on 13 23 00 or visit the Services Australia website(Opens in a new tab/window) to find out more and to apply.