Download our January 2016 Downsizing Guide

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In the recent YourLifeChoices ‘Budget and Retirement’ survey, a substantial 37 per cent of our members have stated that they are considering downsizing their current home. A further 12 are thinking about taking out a reverse mortgage, and nine are thinking of taking in paying guests.

Even if only half the respondents go ahead and sell, this is a massive trend with wide-ranging implications for the Australian property market, as well as the lives of the individuals involved.

You only need to look around your own suburb to see the ‘for sale’ signs and removal vans to realise how many locals are making this move.

Download our special January 2016 Downsizing Guide

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Total Comments: 1
  1. 0

    The average cost of downsizing would be north of 50k all up, sales commisions, legal fees x2, stamp duty, moving costs x2 as most times not a move out to move in situation, transiton place to stay. Thats 50k less to use a lot for a mistake.
    There would be a lot more to consider, I don’t think a “Bex and Lie Down would do”
    Once done cann’t be undone.
    Good Luck.



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