In the recent YourLifeChoices ‘Budget and Retirement’ survey, a substantial 37 per cent of our members have stated that they are considering downsizing their current home. A further 12 are thinking about taking out a reverse mortgage, and nine are thinking of taking in paying guests.
Even if only half the respondents go ahead and sell, this is a massive trend with wide-ranging implications for the Australian property market, as well as the lives of the individuals involved.
You only need to look around your own suburb to see the ‘for sale’ signs and removal vans to realise how many locals are making this move.
