And I agree on the family home - you can own a $20m Point Piper mansion and still get the pension because you only have $600,000 in the bank, whilst someone in a $250,000 unit and $710,000 in savings is not be entitled to any pension.
Also line of credit mortgages allow people to draw down against the value of their home - if you get one put in place before you retire, you can get quite good rates. Much better then when packaged as a seniors equity release mortgage although of course the latter products usually do not allow them to chuck you out your house.
