Downsizing in Australia - Mark O'Shea | Page 53

Dean Lupson CHAPTER 3: What’s next? Now that we know that the majority of downsizers in Australia want to live in a familiar area with easy access to transport and amenities, let’s look at selling the family home and moving into a smaller detached home, unit, townhouse, or apartment. The key question we often get asked is, ‘Do we sell first, then buy? Or do we buy first, then sell?’ Ultimately, this decision may be a financial one. Buying first may not be an option if you don’t have enough cash to purchase a new property. Selling first may be the only option. 053