It seems this reverse mortgage concept is based upon putting a lump sum into super, and presuming the return on super will always be greater than 6% - the same cost of the reverse mortgage, that capitalises the interest over time.

Accessing equity will be enhanced with the revamped Pension Loan Scheme (PLS) from 1st July.

A self funded retiree couple can access up to $2,054 per fortnight ($54,000 per annum) to supplement their income at an interest rate of 5.25%, rather than a lump sum at 6.0%.

Lump sums can also further reduce age pension entitlements.