Housing plan opens seniors door

Downsizing by seniors may be more attractive under a new proposal.

Key take-out: The proposed ‘House Help for Seniors’ scheme aims to incentivise retirees to downsize their home for the purpose of freeing up cash to fund their retirement. But the costs of selling a home and buying another are high, and will be potentially prohibitive for many.

Key beneficiaries: General investors. Category: Retirement and property.

The budget has been and gone – and one change that has become more interesting to me the more I have thought about it is the ‘House Help for Seniors’ plan.

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