A new real housing option is Co-Living for Seniors as a financial and lifestyle solution, with many other benefits including no longer living lonely and isolated lives in single households, but rather sharing all housing and living costs.
Co-Living Australia specialises in designer shared homes for Seniors, offering a unique opportunity to co-own and share a luxury home as a real alternative to Retirement Village life. Investing in a Retirement Village only compounds the issue of affordability where you can lose up to 25% or more of your investment upon exit (consumer.vic.gov.au).
Downsizing has incentives for Baby Boomers : Worth a look.
Downsizer contribution to Superannuation up to a maximum of $300,000 each. (https://www.ato.gov.au/Individuals/Super/Growing-your-super/Adding-to-your-super/Downsizing-contributions-into-superannuation/)
Downsize without the sting of Stamp Duty with an exemption/concession when you buy a new home. (www.sro.vic.gov.au/pensionerdutyconcession)
Safeguarding you today and in the future - Our spacious homes are future proofed with step free entry from the street, no steps in the home, wider doorways, hobless showers, ease of access to toilets, and easy to operate appliances. Also, options are provided for panic buttons, and back to base smoke alarms.
You may have a friend or relative that wishes to co-own with you - A real alternative to living alone.
