Property guide – Downsizing
What tax benefits exist for downsizers in Victoria?
Downsizing can offer potential capital gains tax (CGT) benefits in Victoria, designed to encourage older…
How do I calculate the equity release from downsizing in Melbourne?
Calculating equity release from downsizing involves determining the difference between your current property’s sale price…
Are there downsizer contributions I can make in Victoria?
Downsizer contributions allow eligible Australians aged 60 years or over to make a one-off, post-tax…
What stamp duty do I pay when downsizing in Victoria?
Stamp duty, or transfer duty, is a tax payable to the Victorian State Revenue Office…
Will downsizing affect my pension in Victoria in 2026?
Downsizing your home and releasing equity can potentially impact your Age Pension or Commonwealth Seniors…
What are the capital gains tax implications of downsizing in Victoria?
Downsizing your home and realising a capital gain can trigger Capital Gains Tax (CGT) in…
What’s the best way to declutter before downsizing in Melbourne?
Decluttering before downsizing involves systematically reducing possessions to suit a smaller living space, and is…
Should I involve my family in the downsizing decision?
Downsizing often involves significant emotional and practical considerations, and naturally, family members may have opinions…
What emotional challenges come with downsizing in Melbourne?
Downsizing represents a significant life transition, often involving letting go of cherished memories attached to…