Many people assume:
“I’ll have to pay stamp duty, so downsizing isn’t worth it.”
But depending on the type of move you’re considering, that may not be the case.
Understanding your options can open up more pathways than you might expect.
🎥 Watch the video to hear John’s question and Rachel’s explanation.
What you need to know
When downsizing, it’s important to understand:
- When stamp duty applies — typically on standard property purchases like houses or apartments
- When it may not apply — such as some retirement villages or land lease communities
- Potential concessions — which can vary depending on your location and purchase price
- The type of property you’re buying — which can change the rules entirely.
As Rachel explains, the first step is to check whether stamp duty applies to your situation at all — before factoring it into your decision.
General information only — not personal advice.
👉 Want to better understand your downsizing options? Explore the resources on the options available to you.
