retirement.org.nz

Home ownership rates among older people in New Zealand are high, but their incomes are, on average, lower than for younger age groups, so that many fit the description "asset rich, income poor". Housing wealth can be used in various ways. Trading down may release some equity, but if people wish to stay where they are, there are a variety of commercial equity release (ER) options. The research aimed to investigate the circumstances, motivations and attitudes of older people in New Zealand who have taken up ER schemes and some who have considered such schemes but decided against them. These findings are used to throw light on attitudes to ER from the consumer point of view, and to inform debate on relevant policies in relation to older people. July 2006.
 

Attachment
home-equity-release-schemes-jul06.pdf