Downsizing in Australia - Stewart & Jethro Reed | Page 19

Dean Lupson

Dean Lupson

Is the majority of your personal wealth tied up in equity in your home ? With the unbelievable growth in property prices over the past 20 years , freeing up equity ( tax-free cash ) is an easy way to put that money into a smaller home , a holiday home , a sea change , a tree change , more holidays throughout the year , or many more lifestyle changes . Your children don ’ t need your money — you earned it , so enjoy it !
Once you have decided to downsize , the question becomes , When should I downsize ? You want to do it in a way that will not cause a major interruption to the quality of your life and the lives of your immediate family .
You need a plan !

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