Four steps to take before downsizing your home

Leaving the home you have lived in for years, often decades, the one that you always thought wouldbe your “forever home” can be tricky financially and emotionally. Consequently, the decision todownsize requires careful consideration, research and planning to make sure you get it right. Understanding the motivations behind downsizing is paramount. People choose to downsize for various reasons: seeking a …

Downsizing? What you need to consider…

As more Australians than ever before are living longer, the concept of downsizing is one which has never been so prominent. Over the years, family homes have become much bigger meaning as age sets in, a large home with the attached maintenance may no longer suit. Here are the key considerations to keep in mind when starting your downsizing journey. …

Downsize from 55: What You Need to Know

If you’re looking to downsize, you may want to take advantage of the downsize contribution of up to $300,000. The eligible age changed from 1st Jan 2023 and now the minimum age is 55. This is a significant change that could offer great benefits to those looking to sell their main residence and another imperative to keep in mind when …

Is it a good idea to downsize your home to upsize your super?

Since 1 July 2018 Australian seniors have been able to make what is known as a “Downsizer Contribution” to their superannuation fund of up to $300,000, which means if you are a couple you could get a combined $600,000 into superannuation ($300,000 each) if you downsize. The benefits of the downsizer contribution are that you don’t have to buy another …