Chelsea • Mordialloc • Mentone
NEWS DESK
Proudly published by Mornington Peninsula News Group Pty. Ltd
PHONE: 03 5974 9000 Published weekly
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Audit period: Oct 2013 - Mar 2014
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Editor: Brodie Cowburn 0401 864 460 Journalists: Brodie Cowburn, Stephen Taylor 5974 9000 Photographers: Gary Sissons, Yanni Advertising Sales: Anton Hoffman 0411 119 379 Real Estate Account Manager: Jason Richardson 0421 190 318 Production and graphic design: Dannielle Espagne, Marcus Pettifer Group Editor: Keith Platt Publisher: Cameron McCullough REGULAR CONTRIBUTORS: Peter McCullough, Stuart McCullough, Andrew Hurst, Ben Triandafillou ADDRESS: Mornington Peninsula News Group PO Box 588 Hastings 3915 Email: team@baysidenews.com.au Web: baysidenews.com.au DEADLINE FOR NEXT ISSUE: 5PM ON MON 4 APRIL 2022 NEXT ISSUE PUBLICATION: WEDNESDAY 6 APRIL 2022 DOGS are welcome at Kingston’s Pet Expo this weekend. Picture: Supplied
Pet Expo this weekend An independent voice for the community
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THE annual Pet Expo returns to Kingston Heath Reserve this weekend. The Kingston Pet Expo features pet competitions, kids’ activities, and demonstrations. A dog agility course will be set up to test the attending
pets. Wildlife Xposure will feature on the main stage to deliver seminars and invite people to interact with native animals. As well as the animal-related activities there will also be food trucks,
face painting, and more. The Pet Expo will be held from 10am to 2pm on 2 April at Kingston Heath Reserve, Cheltenham. For more information visit kingston. vic.gov.au/Places-and-Events/Council-Festivals-and-Events/Pet-Expo
WHAT'S NEW...
Financial peace of mind in retirement? Yes, it is possible! WITH rising living costs and impending increases in interest rates, both impacting baby boomer’s ability to take financial control of their retirement, there is a growing interest in Equity Release products to help fund financial goals. Fortunately, there are several ways you can access the wealth accumulated in your home when you need it. The available options generally fall in to two categories – debt-based and debt-free strategies. A debt-based option is a loan product, where you borrow against the equity in your home. Repayments are not required, and instead the interest charged by the provider will be capitalised against the loan over time, adding interest to the loan amount you have borrowed. Debt-based solutions come in different forms – you may borrow funds via a reverse mortgage product offered by private providers or take up the loan scheme offered by the Government (previously referred to as the Pension Loan Scheme). The amounts available via a reverse mortgage may be less than via a debt-free strategy and the interest rate charged will be higher than traditional home loan rates, given the nature of the debt. A debt-free option is not a loan, and as you don’t borrow money, there is no capitalising interest costs. Repayments don’t apply, and instead the entitlement of the provider is capped so you can protect a portion of the equity in your home into the future. You can also sell your home at any time, or the provider will receive their entitlement when you pass away, and your home is sold. Homesafe Wealth Release® is the popular debt free equity release solution for homeowners to access the wealth in their homes. Homesafe is not a reverse mortgage or a loan product and is specifi-
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Chelsea Mordialloc Mentone News
cally designed to provide protections for homeowners for the life of the arrangement. For over 17 years, Homesafe (in partnership with Bendigo & Adelaide Bank) has provided a tried and tested solution which has assisted thousands of homeowners by focusing on providing a secure equity release option. As the popular alternative, the Homesafe option is a part sale property contract, where a homeowner receives a lump sum cash amount today and in return agrees to sell a capped share of the future sale proceeds of the home. Homesafe will only receive its share of the sale proceeds, usually many years down the track, when the homeowner chooses to sell or after they pass away. A unique feature of the Homesafe Contract ensures if the homeowner sells earlier than anticipated, Homesafe will often receive less than the agreed capped share and the balance is returned to the Homeowner at time of sale. How can I make an enquiry with Homesafe? The team at Homesafe offer personalised service by phone initially, and a no-obligation meeting with a Homesafe Mobile Specialist in your home is organised to ensure you can receive all the information you – and your family – need to make an informed decision For more information on how Homesafe has helped baby boomers for over 17 years, contact Homesafe on 1300 307 059 or visit www.homesafe.com.au. *Terms, conditions, and eligibility criteria apply. Homesafe Wealth Release™ is available in 90% of eligible postcodes in Melbourne. 30 March 2022