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Your guide to downsizing
The only constant in life is change. While the thought of selling your family home and starting a new chapter of your life may feel overwhelming, it also creates the opportunity to take control and enjoy what’s important to you – your family, your security and your finances
Downsizing into a smaller and more manageable home can free you from the stress and cost of maintenance. It can also alleviate concerns around your own safety as you age/move into a later stage of life We understand that selling one home and moving to another can be daunting Every day, Ray White downsizing sales specialists help singles, couples and families work out the value of their homes and then create a plan for all the next steps. It may be an urgent move or it may be a 12 month plan – or longer. It doesn’t matter - this is what we do.
Our advice is to start planning today And with our team of experienced Ray White downsizing sales specialists by your side, we can help guide you in your journey
We offer a range of services from assessing the market value of your home (months in advance) with no obligation, preparing your home for the sale, removals, utility connections and even through to pet transport Your Ray White downsizing specialist can guide you all the way
A February 2020 study conducted by the Australian Housing and Urban Research Institute revealed that over 70 per cent of people over the age of 50 are either currently considering downsizing or would like to downsize in the future
Easier and lower maintenance allows increased independence and a more relaxed lifestyle
Financial benefits You might be asset rich, but cash poor Downsizing allows you to tap into the equity locked in your home and liquidate this asset.
Location and lifestyle change Selling your existing home may open up the opportunity to relocate to a new area as you approach retirement
Upgraded amenities that match your changing needs which may include access to public transport, shops and parks etc.
The Government offers financial incentives to assist downsizers, which include the ability to make a voluntary contribution into your superannuation from the proceeds of selling your home This can further help set you up for retirement
Visit www.ato.gov.au