Household Capital named state finalist in Telstra Best of Business Awards

Household Capital, a leading Australian provider of home equity retirement funding, has been announced as a state finalist in the Telstra Best of Business Awards 2023. The awards recognise outstanding businesses across various industries and regions throughout Australia.

Being named a state finalist is a significant achievement for Household Capital, which has been providing innovative retirement funding solutions for older Australian since its launch in 2019.

The Telstra Best of Business Awards are widely regarded as one of the most prestigious awards in the Australian business community. They recognise exceptional business practices, innovation, and community engagement across a broad range of industries. The awards are judged by a panel of experts from different industries who evaluate the nominees based on their business model, financial performance, customer service, and community impact.

Household Capital has been recognised for its innovative approach to retirement funding. Commenting on the award, CEO Dr Josh Funder (pictured) said, “Home equity retirement funding plays a critical role in meeting the needs of an ageing population.”

“We were delighted that our innovations have once again been recognised by the Telstra Best of Business Awards.”

Drawing on home equity provides older Australians with flexibility and choice. It provides them the opportunity to get themselves ‘retirement ready’: financially, by refinancing an existing mortgage or other debt, or renovating their home to live comfortably and safely at home. Importantly, during times of market volatility, retirees can draw on home equity rather than income producing assets, preserving the longevity of those assets.

“Home equity can provide funding, wellbeing and housing in retirement,” said Dr Funder.

“It is increasingly becoming an important component of total retirement savings, alongside superannuation and the Age Pension.”