Frank (63) and Cecilia (62) own and run a small business in Sydney’s inner west. As part of their plan for retirement, the couple bought a small investment property in Shell Harbour with a view to enjoying seaside life in retirement and to be closer to their daughter, Rebecca and her partner and infant children.

Frank and Cecilia plan to sell their business and their Sydney home when they retire in a few years and move to Shell Harbour.  Before doing so, they want to renovate the seaside property with a new kitchen and add extra bedrooms to host their grandkids or, when the time comes in future, in-home nursing staff.

Frank and Cecilia’s assets are largely tied up in the business and two properties.  With building costs on the rise, Frank and Cecilia realised they didn’t have enough free cash to go ahead with the build and thought they would have to scale back or delay the renovation.  

That’s where Inviva came in.

Frank and Cecilia came to us after hearing about Inviva from friends. They took out an Equity Empower variable rate loan of $240,000, secured against their Sydney home. They plan to repay the loan when they retire.

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