Paul and Susie Burgess didn’t want a shift to be a downgrade from their current home,but then a rare opportunity came up.
Costs linked to selling a home and buying another are at record highs,prompting some already in the market to stay put rather than take on the added expense of moving.
Home buyers would face an extra cost of tens of thousands on the typical house in the capital cities,calculations show.
Perth’s cashed up older community is splashing cash on the ultimate downsize,freeing themselves from the shackles of property maintenance.
The typical home bought in cash costs as much as $2.7 million in some sought-after pockets where buyers don’t need help from the bank.
Sydney home owners are deciding to sell their properties at greater rates this spring than normal,and some areas have made double-digit jumps.
“We had a joke in the office that wouldn’t it be amazing if the first[one] was in Ku-ring-gai LGA,and it was,” Planning Department deputy secretary Monica Gibson told a developers’ conference last week.
The biggest mistake that adult children can make is thinking that the subject of their ageing parents downsizing and decluttering is a one-sided conversation.
No longer backyard shoeboxes,granny flats could be mutually beneficial for struggling renters and homeowners.
Here’s how many spare bedrooms there are in WA – and what’s stopping their owners from moving into something that fits their needs better.