DOWNSIZERS INITIATIVE


The Australian population is ageing, with older Australians a growing proportion of the total population. In 2017, 15% of Australians (3.8 million) were aged 65 and over; this proportion is projected to grow steadily over the coming decades.

From 1 July 2018, if you are 65 years old or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into your superannuation of up to $300,000 from the proceeds of selling your home.  

This measure will apply to a principal place of residence held for a minimum of 10 years. Both members of a couple will be able to take advantage of this measure for the same home, meaning $600,000 per couple can be contributed to superannuation through the downsizing cap.  Here’s what you need to know.  Click Here

We acknowledge the many ways in which older people have contributed and continue to contribute to their families and to the community. Older people are generally enjoying a much longer and healthier life span than ever before. Technological and medical advances as well as an awareness of healthy ageing strategies have resulted in better health outcomes.

As part of our community discount we also give any retirees or downsizers a $1,000 refund at settlement to thank you for all that you have done and continue to do for our community.

Please register below and view the "Discounts and Refunds" link in the information footer to learn more.


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