 London - Reverse mortgages are a way for cash-poor but asset-rich seniors to tap into property equity, and hold strong underlying potential. A new report* by independent market analyst Datamonitor shows that after several years of strong growth, the Australian reverse mortgage market has slowed down considerably in 2007. A rising interest rate environment, combined with uncertain property prices and exacerbated by global credit concerns, has led to decelerating growth rates.
Source: http://www.datamonitor.com/ |
