Single-level units key to downsizers selling large family homes
DOWNSIZERS unable to relocate might be sitting on hundreds of family-sized properties across the Bayside region . Despite new government incentives that allow downsizers aged 65 or over to inject $300,000 into superannuation if they sell their home, many are refusing to do so because the right stock is not available. Namely, single-level units. Branon Real Estate sales professional Cam Saba said many prospective downsizers in Bayside were in touch with him regularly. A DEVELOPING MARKET: Homeowners turn to redevelopment to realise value “I’m currently dealing with about 100 of them, trying to find them homes,” Mr Saba said. “If you consider how many might be dealing with other agents, there could be hundreds of homes ready to be listed across Bayside. “They’re willing to sell their large houses, but the stock they want (single-level units) isn’t there, and they all want to stay in the area.” Bayside resident Valerie Maniatis said she had been looking to downsize for around four ...