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women and property

Population Pressure, Age Discrimination, Reverse mortgage and other Risks to Property Ownership in Australia

We applaud the initiatives of the Gillard Federal Government today in refunding Aged Care. PM unveils $3.7bn overhaul of aged care, Friday April 20, 2012. We are particularly impressed to read that: "The [Gillard] government rejected a Productivity Commission recommendation that proposed allowing the use of reverse mortgage facilities to help fund care costs." Good on the Gillard government! Reverse mortgages steal inheritances, impoverish youth and render them homeless, and amount to double charges for old age care provision (on top of taxes). We republish a relevant and well-researched article on this matter. See also "Ageism" and ABC article on reverse mortgages.Article by Sheila Newman with Jill Quirk

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