Downsizing your home could save you thousands but it takes more than just selling up

If you’re thinking about simplifying your lifestyle, retiring soon, or unlocking equity, downsizing might be the smartest move you make. But how do you do it strategically? At Success Tax Professionals, we help clients structure downsizing decisions to maximise savings and minimise tax.

Here’s what downsizing can unlock

• Lower mortgage or rent payments.
• Reduced property tax and utilities.
• Less maintenance and insurance.
• Up to $100,000 in potential savings.
• Extra funds to pay off debt, invest in super, or grow wealth.

Simple downsizing options

• Sell and buy a smaller home.
• Rent instead of owning.
• Move to a unit, townhouse, or retirement village.
• Consider shared living or multi-generational homes.
• Even tiny home living!

The financial upside

Downsizing isn’t just about space, it’s about strategic cash flow and long-term security.