Conversations with individuals over 75 often reveal hesitance towards apartment living, despite decades spent in standalone homes. For many, the transition to a retirement village, villa, or townhome with a courtyard is a more palatable downsizing option.

Benefits of Downsizing in Australia

Downsizing offers practical and financial benefits, including reduced maintenance, enhanced lifestyle convenience, and secure living arrangements. Financially, it frees up equity, potentially boosting retirement funds and offering savings on ongoing costs.

Government Incentives for Senior Downsizers

• The Downsizer Superannuation Contribution Program: Allows over 55s to invest up to $300,000 from home sale proceeds into superannuation.
• Stamp Duty Discounts: Offered in some regions, these discounts can significantly reduce the costs associated with buying a smaller home.

These initiatives aim to alleviate housing shortages while supporting the ageing population, making downsizing an attractive option for securing a fulfilling retirement.

Challenges and Opportunities in Downsizing

The search for suitable downsizing options is met with challenges, including a surge in house prices and competition for villas and townhomes. This report examines the best and least favourable suburbs for downsizing across Australia, offering guidance for local downsizers.