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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
Sadly none of this is available to people living in over 55’s landlease communities. Thousands of people live in these communities with some home valued $600000 or more. It seems that lending institutions and Centrelink believe that you have to own land to have equity in a home,
The HEas should be offering a much lower, fairer interest rate. Perhaps more people may consider. We certainly should not be expected to use home equity in years to come instead of the pension.
While a different but related subject – why wouldn’t Downsizing contributions into superannuation be indexed. It seems the amount hasn’t changed over several years albeit property values have?