Home care funding solution in Budget Submission

Published 25th February 2021

National Seniors Australia is urging the government to back a dedicated Home Care Loans Scheme as part of its 2021/22 Budget Submission. This scheme would help ease the giant waiting list for care.

Australia’s peak consumer organisation for older Australians says seniors should be able to access the equity in their home as a way of funding additional care, but at a fair interest rate.

National Seniors Chief Advocate Ian Henschke says the government’s Pension Loans Scheme (PLS) allows older Australians to access their home equity but the borrowing rate of 4.5% is too high.

To read the full article, please visit the National Seniors Australia website.

Source:
Unknown Author, 2021, National Seniors Australia (https://nationalseniors.com.au/)