More than half of Australians over the age of 55 are open to downsizing, according to a new report. The main barrier to moving to a smaller home is a lack of housing that matches their needs and preferences.
Almost 40 per cent of respondents to our Financial Literacy Survey said they would consider downsizing to free up income for their retirement. Kaye Fallick explores the good, the bad and the ugly about this tactic.
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