There are more than one million households who are considering Downsizing over the next couple of years. But in the current environment where prices were driven higher by loose lending, low rates and Government policy over the past couple of years – but this has now started to unwind, with significant falls, along with lower supply.
So the issue for Downsizers is trying to sell quick (and accept a lower price) to crystalize past gains or wait it out. And there are also some tax effective options relating to superannuation which need to be part of a plan.
Given the complexity, Downsizers need to ensure they get the best advice.
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