Since July 2018 thousands of people have taken advantage of the Government’s downsizer contribution scheme by selling their home and making contributions to their super
This Scheme allows senior Australians to access the equity in their real property by borrowing from the government,
against the value of their property to supplement their retirement income. And they don’t have to be receiving income support from the government to qualify. But they do need to have appropriate and adequate insurance covering their secured real asset(s).
