Downsizing your home

Get the right advice on downsizing your home in Australia

Liston Newton Advisory is rated 4.8 from 32 reviews
HomeServicesFinancial Advisory

Taking the next step in your life?

There comes a time in your life when you’re ready to move to a smaller home. The kids might have moved out, or you may be looking at re-entering the property market.

We work with you to help you understand the most appropriate options for your personal situation. Then, we’ll develop a plan that sees you make the most out of your downsizing options, while ensuring you’re aware of the tax implications of and superannuation strategies involved with downsizing your home.

Downsizer super contributions
Financial planning
Cashflow modelling
Investment advice
Lending advice
Superannuation advice

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Learn more about your business with our comprehensive guides

At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow.

  • Discover tax strategies and business structures available to you
  • Understand and apply new business management technology
  • Get in touch with us for information tailored to your business

Downsizing your home is just one part of your retirement strategy

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A wealth of experience

Over 40 years experience helping clients navigate their personal finances as they approach retirement.

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Holistic advice

We look at the whole picture and offer financial planning, wealth management advice, and lending advice to determine if a home downsizing strategy is right for you.

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Trusted networks

We have built a trusted network of property advisers, lending providers, and tax specialists to help with a downsizing decision.

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A collaborative approach

Downsizing your home is a big step, so it’s important to us that you’re completely aware of all the options available to you. We take the time to empower you with the knowledge that you’re making the right choices.

Our specialists will help you downsize your home, without downsizing your life

If you’ve made the exciting decision to downsize your home, there’s a lot more to consider than simply selling a property.

Our team will help you consider all the important factors and ensure you understand all the options available to you. Whether it’s planning what to do with your downsizing money, or even determining your eligibility for superannuation contributions, we’ll ensure you maximise the value you receive from minimising your home.

Kieran Liston, Director | Adviser

Meet our home downsizing team

We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Karsten Horne
CEO, Reho Travel
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Lisa Clarke
SL Constructions
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Peter Luskan
Pandora

Our methodology for your home downsizing success

Downsizing your home is a different type of sale. It signals the start of the next chapter of your life—and there are more financial implications involved. So we work with you to understand what you want this sale to achieve, and how we can help you reach this goal.

To help you get there, we’ve developed a unique approach to big financial decisions like this. We call it our Get Set, Get Moving, Get Free methodology. Click below to find out how our advice and guidance when downsizing your home is just part of your long-term retirement success plan.

Find out how we do things
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Advice you can trust

Get expert support in downsizing your home.

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Downsize your home without downsizing your future

Expert guidance and support in downsizing your home to provide peace of mind that you’re making the right choice.

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Frequently asked questions

When is a good time to downsize my home?

Downsizing a home means something different to everyone, so there are many different reasons for doing it. While there is no strict rule on the best time to downsize a home, you can often tell when the time has come.

  • Do you have more rooms than you actually need? Maybe the kids have moved out, or you’ve gotten rid of a lot of belongings.
  • You might be looking at a property with fewer rooms to clean, or less garden to manage, or one that’s more accessible.
  • You might be looking at selling your larger property in favour of a smaller property, for financial reasons.
  • You might be looking to move closer to family.
  • Or you simply might be looking to move to a new home, and you’re trying to make a sensible choice on the number of rooms you need to take care of.

There are many reasons you’d be looking at downsizing, and a good time to do it is when it feels right to you. But be sure to check with your financial adviser to discuss your options.

How does the downsizer superannuation contribution work?

The downsizer superannuation contribution enables Australians 65+ to use the proceeds from their home sale to make an after-tax contribution of up to $300k into their super account. Any contributions made in this matter don’t count towards your regular before- or after-tax super contributions.

In order to make a downsizer super contribution, you must meet the following criteria:

  • You’re 65 or older
  • Your home is in Australia
  • Your contribution comes directly from the sale of your home
  • You make the contribution within 90 days after receiving the proceeds
  • You have made no previous downsizer contributions.

Your super fund can supply you with a Downsizer contribution into super form to get you started.

Do I need to buy a new home to access the downsizer super contribution?

No, once you sell your home what you do next is your choice. You don’t need to buy a new home with the proceeds of your sale—you don’t need to use the money towards property, or even use it at all.

Will selling my home impact my ability to access the Age Pension?

Selling your property doesn’t impact your ability to access the Age Pension, or your super pension under the assets test. Age Pension eligibility is based on the value of your assets and income at the time of the test. When selling your home, the proceeds from the sale are exempt for up to 12 months, as long as you plan to buy again, renovate, or build. It may impact your income though, so check with your financial adviser to discuss your options.

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