Downsizing in Australia - Stewart & Jethro Reed | Page 32

DOWNSIZING IN AUSTRALIA
Understand your financial situation

DOWNSIZING IN AUSTRALIA

Bruce never thought it would end like that and now he feels as though he should have done something earlier so his mum and dad could have enjoyed life a little bit more at the end .
He carries a lot of scars from the last six months .

Understand your financial situation

Understanding your financial situation will allow you to work around a budget .
The process may start with a market appraisal of your property from a trusted local expert . This person may be able to advise you of ways to increase the value of your home by improving it or updating parts of it .
Do you still have a mortgage ? If so , what will be the mortgage payout should you sell ? Is the mortgage locked in on a fixed

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