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Navigating the Downsizer Super Scheme • Pitfalls to steer clear of when selling your family home

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Navigating the Downsizer Super Scheme • Pitfalls to steer clear of when selling your family home 🏠💰 The trend of downsizing from larger family homes to smaller, more cost-effective properties has gained significant traction, driven in part by a beneficial superannuation exemption supported by successive governments. This trend is particularly popular among older Australians who
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When downsizer contribution should be delayed

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When downsizer contribution should be delayed 🏠🏦 Just because you can do this from 55 doesn’t mean you should. The benefits of downsizer contributions can be substantial but be careful about your timing. If you sell your home and are 55 or older, you can make a downsizer contribution to super provided you meet the
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Australia’s top performing suburbs across each capital city for 2022

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Australia’s top performing suburbs for 2022 for house & units So, where were Australia’s top performers in residential real estate over 2022? CoreLogic’s annual Best of the Best 2022 report is the most comprehensive overview of top performing residential markets and provides suburb-level insights across a variety of measures to reveal Australia’s strongest performers over
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Downsizer scheme widens as the eligibility age decreases

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Downsizer scheme widens with the eligibility age decreases 🏠💸 Regardless of who was to win the federal election, people aged 60 years and over were going to be among the winners, as a Coalition promise to widen the “downsizer” scheme was matched by Labor. As an extension to the existing downsizer contribution rules, the eligibility
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Australia’s top performing suburbs across each capital city for 2021

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Australia’s top performing suburbs for 2021 for house & units So, where were Australia’s top performers in residential real estate over 2021? CoreLogic’s annual Best of the Best 2021 report is the most comprehensive overview of top performing residential markets and provides suburb-level insights across a variety of measures to reveal Australia’s strongest performers over
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Australia’s biggest age pension postcodes revealed

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Australia’s biggest age pension postcodes revealed Queensland strengthens its position as Australia’s retirement hot spot The last five years has seen age pensioner numbers shrink in Victoria and New South Wales, as seniors head north and west to enjoy richer retirements. Particularly to Queensland, which now contains four of Australia’s top five age pension postcodes
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Australia’s top performing suburbs across each capital city for 2020

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Australia’s top performing suburbs for 2020 for house & units In a year that no one could have predicted, from a deadly global pandemic to our largest economic downturn since the 1930’s, CoreLogic’s Best of the Best 2020 Report released today reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient. While the initial
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Pensions Loan Scheme for older Australians who are asset-rich but income-poor

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Pensions Loan Scheme for older Australians who are asset-rich but income-poor The Pensions Loan Scheme (PLS) is broadly available to retirees of Age Pension age who own Australian property and meet pension eligibility requirements. The PLS is a scheme that lets older Australians get a voluntary non-taxable fortnightly loan from the Australian Government, which can
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Over-65s dodge Downsizing Rules contributions using investment property

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Over-65s dodge Downsizing Rules contributions using investment property July 2018 marks the start of the downsizing rules that may help you sidestep the ever-shrinking superannuation contribution caps. But in what will come as a surprise to many, investment property may be eligible for the $300,000 downsizing superannuation contribution under certain circumstances. But beware: if you
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