REP 586 Review of reverse mortgage lending in Australia

Released 28 August 2018

This report summarises the findings and recommendations from ASIC’s review of lending practices for reverse mortgages.

Reverse mortgages can play an important role in helping older Australians improve their standard of living in retirement while remaining in their homes.

Our review found that reverse mortgages are playing this role, but that lenders can do more to improve long-term consumer outcomes and help potential borrowers make informed decisions about their immediate and future financial needs.