“This deal is a defining vote of confidence, not only in Household Capital, but in the quality of our customers, their homes, and Australia’s world-leading equity release industry as a whole,” said Josh Funder (pictured top), chief executive and founder of Household Capital.
Transferred customers now have access to Household Capital’s digital lending platform and its Australian-based customer service team, as well as the option to draw down additional home equity where eligible.
The lender’s funding structure includes a warehouse facility supported by Citi, PEP, and Revolution Asset Management, along with commitments from a top-five industry superannuation fund and a top-five retail superannuation fund. Its most recent term securitisation received a AAA rating on senior notes and was four times oversubscribed.
“We’ve attracted local and global capital to ensure scalable, sustainable funding for Australia’s ageing economy,” Funder said.
According to a Deloitte survey cited by Household Capital, Australian reverse mortgages totalled approximately $5.5 billion as at 30 June 2025, held across more than 40,000 households. Australians aged 60 and over hold in excess of $3 trillion in residential property wealth, with the median retiree holding roughly $800,000 in home equity — three to four times the value of their superannuation balance.
