Downsizing secrets unlock potentially massive savings
Downsizing cleverly can save $50,000 on a a retirement income, with the current property market highs making it an opportune time for anyone considering a move to a small home.
Purchasing off-the-plan is one of the most popular options among downsizers, offering them plenty of time before settlement to get their moving plans in order. (Image source: Shutterstock.com)
It’s no surprise that downsizing is a growing trend across Australia. According to the Australian Bureau of Statistics, people aged 65 and over make up 17 per cent of the total Australian population.
This figure is set to grow to around 23 per cent by 2063.
With Australia’s population ageing rapidly, the demand for smaller, low maintenance dwellings is on the rise.
As a result, apartments are becoming an increasingly appealing downsizing optio…
