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Cash Advance Loans News

Living High Off The Children's Inheritance

Saturday September 13, 2003
Asset rich, cash poor. It's a problem facing an increasing number of older Australians. The booming property market has left many retirees sitting on a valuable chunk of real estate. But short of selling up, they have no way of using this wealth to improve their retirement lifestyle. However, the entry this week by the Commonwealth Bank into the so-called reverse mortgage market has signalled that big business finally sees this as an area where it can make a buck.