Household revving reverse mortgages

Ian Rogers

Accelerating from a recent breakout, reverse mortgages is a sector to watch.  

Rapid growth laying the foundations of something special later on.

Promising firms promise forever and one day some step up and make that segment their own. 

This is terrain where you can say Josh Funder’s Household Capital looks like it might be a celebrated disruptor.

Household Capital is a central force in the surprisingly dynamic reverse mortgage market in Australia.

The most recent quarterly APRA banking data put the level of reverse mortgages at $3.98 billion at March 2025.

This represents a 90 per cent rise over March 2024.

The emergence of new suppliers may have a lot to do with this trend.

Josh Funder, CEO of Household Capital, told Banking Day Household now has a reverse mortgage book of $700 million, and he estimates that Household is now the largest funder in the sector.

With attractive interest rates and by far the most modern product, Household Capital are the bank to beat in reverse mortgage land.

Gateway Bank, a mutual bank, are another newer name in the sector.

Longtime leader - New Zealand’s Heartland Bank - is reinvesting and at least alive to the possibilities and the probability of generating wealth if you play your cards right in this space.  

Each and every retiree owning property needs a reverse mortgage. 

It’s easily a trillions of dollars market. 

Accelerating from a recent breakout, reverse mortgages is a sector to watch.  

Rapid growth laying the foundations of something special later on.

Promising firms promise forever and one day some step up and make that segment their own. 

This is terrain where you can say Josh Funder’s Household Capital looks like it might be a celebrated disruptor.

Household Capital is a central force in the surprisingly dynamic reverse mortgage market in Australia.

The most recent quarterly APRA banking data put the level of reverse mortgages at $3.98 billion at March 2025.

This represents a 90 per cent rise over March 2024.

The emergence of new suppliers may have a lot to do with this trend.

Josh Funder, CEO of Household Capital, told Banking Day Household now has a reverse mortgage book of $700 million, and he estimates that Household is now the largest funder in the sector.

With attractive interest rates and by far the most modern product, Household Capital are the bank to beat in reverse mortgage land.

Gateway Bank, a mutual bank, are another newer name in the sector.

Longtime leader - New Zealand’s Heartland Bank - is reinvesting and at least alive to the possibilities and the probability of generating wealth if you play your cards right in this space.  

Each and every retiree owning property needs a reverse mortgage.