Factsheet - Staying put

Anecdotal evidence suggests that most people put off downsizing for as long as possible, but if they don’t maintain the property or can’t afford to, they often find the value has gone down when they do want to sell. Most Australians want to stay in the same area when they retire, but depending on where they live, there aren’t always suitable smaller homes available.

COTA NSW Document

Released: 09-Nov-2016

Anecdotal evidence suggests that most people put off downsizing for as long as possible, but if they don’t maintain the property or can’t afford to, they often find the value has gone down when they do want to sell. Most Australians want to stay in the same area when they retire, but depending on where they live, there aren’t always suitable smaller homes available.

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