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Picture Book · Home Equity Access Scheme

You won't owe more than the home

Story pages

A woman in her early eighties looking at framed family photos on a sideboard
Meet Vera. She's 82 and worries about leaving her kids with a debt.
A sturdy umbrella open over a garden chair in light rain
The scheme has a no negative equity guarantee.
A brick home and a simple brass weighing scale on a table in front of it
It means the amount owed generally won't be more than the market value of the property, less any other debts on it.
A pair of reading glasses resting on a closed folder on a desk
Moneysmart notes that exceptions may apply, so read the terms.
A pie cooling on a kitchen bench with one slice already cut away
Even with the guarantee, the loan will reduce what's left for her family.
A woman in her early eighties talking with her two adult children around a kitchen table
Vera explains the plan to her children so there are no surprises.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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