Its used by many Australians to access the equity in their home without needing to sell or downsize - but the equity release still attracts many myths and misconceptions.
No joy for those receiving Newstart, widow allowance or sickness allowance which will increase by $3.30 a fortnight.
'They were in my bank account, with numbers flashing up like lightning.' Last year, frauders used phone scams to take more than $21.4m from senior Australians.
'We're doing things a new way, which is actually the old way': Australian Seniors' second bricks-and-mortar store welcomed by over-50s.
Reserve Bank boss acknowledges lower interest rates hurt retirees, but adds RBA's responsibility was to the national interest.