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Don E Gilbert

With 30 years of hands-on experience in multiple facets of the property industry, the last 20 focused on retail dynamics, including retail shop leases, retail property valuation and current market rent, Don is an experienced retail leasing consultant.

  • Australian Lease & Property Consultants Pty Ltd
  • B Com/B Econ; Dip Prop Val; Cert Med & Arbit.
  • CPV; MRICS
    (RICS accredited valuer expert and arbitrator; Firm Regulated by RICS)
  • Specialist Retail Valuer & Arbitrator
  • Accredited across Australia

Get In Touch

Email: dongilbert@auslease.com.au
Phone: +61 1300 413 789
Phone: +61 (0)40963 4223
Address: Mitchelton, Brisbane, QLD 4053, Australia

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Reverse mortgage market comes back to life

Your house is your castle; avoid any form of debt; providing personal guarantees; directors guarantees at all costs including reverse mortgages

ME Bank has thrown its weight behind a new reverse mortgage lender, providing $100 million of funding and taking an equity position in Household Capital.

The company is chaired by former Minister for Superannuation and Corporate Law Nick Sherry. The chief executive is Josh Funder, who appears to have no financial services background, but has worked with the Clinton Foundation.

Household Capital is the second lender this year to announce plans to fill the gap in the reverse mortgage market left by the exit of the big banks.

It is offering a reverse mortgage, with loan size ranging from $50,000 and $550,000. The initial variable interest rate is 5.9 per cent.

https://therub.com.au/investment-opportunities/reverse-mortgage-market-comes-back-to-life/

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