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brief 18th May 2022 in brief
brief 18th May 2022 in brief

Understanding downsizing

With government policies and election promises seeking to promote downsizing amongst older Australians, it is important to understand just what it entails. Downsizing is the process by which a household moves from one dwelling to another that may be either smaller in size or of lower value, or both. The concept of downsizing is usually applied to older Australians when they move prior to or during their retirement.

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brief 2nd May 2022 in brief
brief 2nd May 2022 in brief

What is a shared equity scheme?

As part of their policies’ platform for the 2022 Federal election, the Australian Labor Party has announced a shared equity scheme, capped at 10,000 households, where the Commonwealth Government would partner with eligible lower to mid income home buyers to buy between 30 and 40 per cent of the to-be-bought property.

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