Australian reverse mortgage market, ready to grow

The Australian reverse mortgage market has yet to fulfill its potential.
The potential market size for reverse mortgages in Australia is enormous, but recent data shows that industry growth has stagnated in 2007. At present, the market is thought to be worth A$1.8 billion. However, with life expectancy ever increasing and a rising number of financially unprepared pensioners, the market is expected to boom in the future. Read the rest.

Written by charles dennis on October 1st, 2007 with comments disabled.
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