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Reverse Mortgage Calculator for Australia

Our reverse mortgage calculator for Australia helps you estimate how much equity you can access, so you can plan your retirement with confidence. Whether it’s boosting your income, covering healthcare, or funding lifestyle goals, see your options in just a few clicks.

Smart Calculator. Flexible and Stress-free Retirement Planning.

What is a Reverse Mortgage & How Our Calculator Helps

A reverse mortgage is a loan designed for homeowners over 60, who want to access the wealth tied up in their property. Instead of monthly repayments, the loan (plus interest) is repaid when the house is sold, you move into aged care, or your estate is finalised.

Our calculator gives you a clear picture of your borrowing power by considering your age, property value, and location. With one simple calculation, you’ll know how much equity you can access and how it could support your retirement lifestyle.

Things you should know

Frequently Asked Questions

Get clear answers to common questions about reverse mortgage calculations.
A reverse mortgage is a loan available to older homeowners (usually over 60) that lets them borrow money using the equity in their property. No regular repayments are required—the loan plus interest is repaid when the property is sold, the owner moves to aged care, or passes away.
Eligibility usually starts at age 60. The older you are, the more equity you can access. You must own property in Australia and meet the lender’s requirements. Joint applicants can also apply if both meet the age criteria.
No. You remain the legal owner of your home. The lender places a mortgage over your property, which is repaid later, typically when you sell or finalise your estate.
The amount depends on your age, property value, and lender rules. For example, a 70-year-old may be able to borrow a higher percentage of their home’s value compared to someone who is 60.
No, you don’t have to make regular repayments. The interest simply adds up over time and is added to your loan balance. Some lenders allow voluntary repayments to reduce the growing loan amount.
Funds can be used for a variety of purposes such as supplementing retirement income, paying medical expenses, renovating your home, or consolidating debt. There are generally no restrictions on how you use the money.
The main risk is that interest compounds, reducing the equity left in your property. This can impact what you leave as inheritance. Government protections such as “no negative equity guarantees” ensure you won’t owe more than your home’s value.
Not necessarily. While it’s a useful option for retirees wanting to unlock home equity, it may not suit those who want to leave their property unencumbered for their estate. Always use a reverse mortgage calculator first and seek advice from a financial adviser.

All the Calculators You’ll Ever Need

Planning your finances? Try our other free tools, including stamp duty, borrowing power, and loan repayment calculators, everything you need in one place.

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Ready to See How Much Equity You Can Unlock?

Use our free reverse mortgage calculator in Australia or to get instant estimates and take the first step towards financial flexibility in retirement.

Mortgage Broker in Point Cook

Credit Hub Australia

About the role

Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.

In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.

“Position is for Mortgage broker on commission/contract basis.”

What you'll be doing
  • You will develop and expand network with our help.
  • Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.

  • You will act on leads and existing database as provided and generate sales and ongoing relations.

  • Actively participate in team meetings and contribute to the overall success of the business

What we're looking for
  • You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.

  • In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.

  • Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.

  • A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.

  • Self-motivated and capable of working independently, while also thriving in a collaborative team environment.

  • Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.

  • Ability to manage multiple tasks, stay organized, and work reliably without supervision.

  • A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.

What we offer

At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:

  • Competitive remuneration and performance-based bonuses
  • Ongoing training and professional development opportunities
  • Flexible work arrangements and a positive work-life balance
About us

Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group. 

If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.

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