What is a Reverse Mortgage?
This table provides a comparative overview of the top 10 reverse mortgage providers and their products in Australia as of January 2026. Please note that interest rates are subject to change and the information provided here is for general guidance only. It is essential to consult with a financial advisor and the respective providers for the most current and detailed information.
| Provider | Product Name | Min. Age | Max. LVR / Borrowing % | Interest Rate (p.a.) | Comparison Rate (p.a.) | Negative Equity Protection |
|---|---|---|---|---|---|---|
| Heartland Bank | Standard Reverse Mortgage | 55+ | Varies | Not Stated | Not Stated | Yes |
| Household Capital | Orio 100 / Orio 50 / Household Loan | 60+ | Varies | Not Stated | Not Stated | Yes |
| Inviva | Reverse Mortgage | 55+ | Varies | Not Stated | Not Stated | Yes |
| P&N Bank | Reverse Mortgage Home Loan | 65+ | 35% (up to $300k) | 8.25% | 8.28% | Yes |
| G&C Mutual Bank | Retirees Access Home Loan | 60+ | 15-40% (age-based) | 8.35% | 8.44% | Yes |
| Gateway Bank | Access / Lump Sum | 55+ (implied) | Varies | 7.90% – 8.25% | 7.98% – 8.33% | Yes |
| ASAG | A.S.A.G. Reverse Mortgage | 60+ | Varies (age-based) | 8.74% | 8.86% | Yes |
| Unity Bank | Retirees Access Home Loan | 60+ | 15-40% (age-based) | Not Stated | Not Stated | Yes |
Disclaimer:
- The information in this table is a summary and is subject to change. For the most accurate and up-to-date information, please contact the providers directly.
- Interest rates are variable unless otherwise stated.
- Comparison rates are based on a loan of $150,000 over a term of 25 years. Different loan amounts and terms will result in different comparison rates.
- Maximum LVR/Borrowing Percentage is often dependent on the age of the youngest borrower and the property value.
- Negative Equity Protection is a legal requirement for all reverse mortgages in Australia, ensuring you will not owe more than the value of your home.
Legal Advice on Reverse Mortgages
Hayton Kosky (www.haytonkosky.com.au) is a law firm that provides legal advice on the legal efficacy of reverse mortgage products. The firm provides legal practitioner certificates to approved borrowers, which are typically required as part of the reverse mortgage application process. Independent legal advice from a qualified legal practitioner is a standard requirement for most reverse mortgage providers before loan settlement proceeds.