PROP055 The art of downsizing (530 words)

With all the talk about downsizing the family home, this article addresses some of the important points that many people might not consider in the excitement of making this decision such as tax, Centrelink benefits, super and the emotional impact. It also covers the "downsizer" contributions to super.

The kids have finally left home and now you’re rattling around in a house way bigger than you need. If it’s time to think about downsizing, there’s more to it than simply selling one house and buying another. Here are a few things to consider.