Downsizers can include anyone over 50 years of age, still choosing to work or retired, an empty-nester couple whose children have now moved out, or someone that is now living alone.
When people do downsize it tends to happen relatively early. The Productivity Commission research paper on Housing Decisions of Older Australians reports over 85 percent of older Australians who downsize do so before they turn 70.
The key motivations for moving from the family home are linked to securing more age appropriate accommodation, either in terms of size and characteristics, or location.
It is surprising how reducing the size of the home also cuts down on daily chores and maintenance, freeing up time for leisure activities, spending time with family and getting well-earned rest
There are a number of reasons people decide to downsize:
Homeowners are starting to realise that bigger is not always better and the many benefits to downsizing to a smaller home are clear. Downsizing is the first step to a minimal, streamlined lifestyle and for many homeowners it is the first chapter to a new life.
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