When moving from a larger home, it’s important to look beyond the headline numbers.
As Rachel explains, it’s important to consider the ingoing, ongoing and outgoing costs before making a decision.
🎥 Watch the video to hear Susan’s full story and practical insights.
Key factors to think about include:
- Ongoing costs — such as body corporate fees
- Lifestyle changes — including space, storage and location
- Utility costs — which can sometimes increase, even in smaller homes
- Unexpected expenses — like special levies in apartments or shared buildings
- The full financial picture — not just what you gain from the sale.
A real reminder for downsizers
One of the biggest traps is focusing only on:
- What you sell your home for
- What you pay for the next one
In reality, your outcome is shaped by many moving parts — including fees, renovations, and ongoing living costs.
For those on a fixed income, these factors can make a significant difference over time.
General information only — not personal advice.
👉 Want to better understand your downsizing options? Explore the resources on the options available to you.
