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Property

Explainer: How does the ATO define 'downsizing'?

Having trouble deciphering the federal government's definition of downsizing? We've consulted Mark Skelsey from downsizing.com.au for guidance.

Property

When is the best time of year to sell property?

Selling a home, including when to sell it, is one of the biggest decisions you'll ever make. So YourLifeChoices asked the experts when the best time of year is to sell a property.

Living in retirement

Retirement living transition checklist for those making the change

For many Australians, the decision to move into retirement living can be difficult and fraught with emotion. Here are 10 essential tips to make the transition to retirement living simpler.

Living in retirement

The emotional aspects of moving house in retirement

Retirement coach Jon Glass recently moved house and shares his insights.

Centrelink – Services Australia

How does selling the family home affect the Age Pension?

Will I lose my pension if I sell my home or downsize to a smaller one? Learn the effects of selling or downsizing on income and assets test for your age pension.

Retirement Planning

What to ditch when downsizing

Downsizing your home is a way to get a new start, so taking your old clutter with you defeats the purpose. Instead, why not consider ditching these seven items?

Finance

Half of over-55s are open to downsizing – if only they could find homes that suit them

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.

Living in retirement

Could downsizing save your retirement?

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.

Centrelink – Services Australia

Can you share too much information with Centrelink?

Tony lost his part pension eligibility after downsizing his house and wants to know what he can do about it.

Finance News

Why older Australians are staying put instead of downsizing

Older Australians who reach retirement age prefer to stay in the family home unless declining health forces them to leave, new research shows.

Centrelink – Services Australia

How long are funds from property sale exempt from pension?

Jan has sold her house, but her new one is still being built. She wants to know how long her funds are exempt from the income and assets tests.

Age Pension

What to do with my money when downsizing

Terry wants to sell his home and has questions about what to do with the money.

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