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The devastating way Shannen Doherty is preparing for death

<p>Shannen Doherty has shared the heart-breaking way she is preparing for her death. </p> <p>The former actress, who is battling stage 4 breast cancer, has candidly shared how she is cleaning out her home and downsizing her possessions to make for an “easier transition” for her mum, Rosa, when she dies.</p> <p>“My priority at the moment is my mum,” the actress said during an episode of her <em><a href="https://podcasts.apple.com/us/podcast/lets-be-clear-with-shannen-doherty/id1718531401" target="_blank" rel="noopener">Let’s Be Clear</a></em><a href="https://podcasts.apple.com/us/podcast/lets-be-clear-with-shannen-doherty/id1718531401" target="_blank" rel="noopener"> podcast</a>. “I know it’s going to be hard on her if I pass away before her.”</p> <p>She continued, “Because it’s going to be so hard on her, I want other things to be a lot easier. I don’t want her to have a bunch of stuff to deal with. I don’t want her to have four storage units filled with furniture.”</p> <p>The 52-year-old explained that over the years, she started going through her belongings to get rid of unnecessary clutter and donate things "just in case" anything happened to her. </p> <p>The actress most recently made a trip to her Tennessee home to pack up her belongings after she decided to let go of her dream of living on the property and fostering horses.</p> <p>“So we were in Tennessee and I was packing up one of the places there,” she continued. “It was really hard and really emotional because to a certain extent — I felt like I was giving up on this dream of building this property out, and putting a house for me and a house for my mum and then extending the barn.”</p> <p>“That was one of my dreams,” she said while tearing up.</p> <p>“I was packing up and I started crying … I felt like I was giving up on a dream and what did that mean for me? Did it mean that I was giving up on life? Did it mean that I was throwing in the towel?"</p> <p>“And my mom was there and she was like, ‘Don’t get rid of this place, it’s fine. You don’t have to and you can keep going.’ I said, ‘Yeah, absolutely I can.’”</p> <p>A week later, Doherty returned to the home to pack everything up and relocate her belongings to her home in California. </p> <p>The actress explained that letting go of the property and other possessions helps “leave behind a cleaner, easier transition” for her family.</p> <p>Through the process, Doherty has learned her belongings don’t bring her as much joy as making memories with her mum and loved ones.</p> <p>“It allows me to take more trips because I’m making money, I’m selling it,” she continued. “Then I get to build different memories and I build memories with the people that I love.</p> <p>“I get to take my mum on vacations because I have all this extra play money lying around and I’m not digging into the money that’s in my estate that’s going to make sure that everybody in my life is taken care of once I’m dead.”</p> <p><em>Image credits: Instagram / Getty Images </em></p>

Caring

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Downsizing cost trap awaits retirees – five reasons to be wary

<p><em><a href="https://theconversation.com/profiles/erika-altmann-361218">Erika Altmann</a>, <a href="https://theconversation.com/institutions/university-of-tasmania-888">University of Tasmania</a></em></p> <p>It’s time to debunk the myth of zero housing costs in retirement if we want to understand why retirees resist downsizing. Retirees have at least five reasons to be wary of the costs of downsizing.</p> <p>Retirees living in middle-ring suburbs face frequent calls to downsize into apartments to free up larger allotments in these suburbs for redevelopment. Retirees who fail to downsize into smaller units and apartments are viewed as being a greedy, baby-boomer elite, stealing financial security from younger generations.</p> <p>It also makes sense to policymakers for retirees to move into less spacious accommodation and make way for high-density housing. Housing think-tank AHURI <a href="http://www.ahuri.edu.au/__data/assets/pdf_file/0021/14079/AHURI_Final_Report_No_286_Australian-demographic-trends-and-implications-for-housing-assistance-programs.pdf">fosters this view</a>. Yet seniors remain resistant to moving, in part because of the ongoing costs they would face.</p> <p>The concept of zero housing costs in retirement is based on a 1940s view of a well-maintained, single dwelling on a single allotment of land where the mortgage has been paid off. This concept is incompatible with medium- and high-density housing and refusing to acknowledge ongoing housing costs may cause significant poverty for retirees.</p> <h2>Reason 1 – upfront moving costs are high</h2> <p>When a house is sold the owner receives the sale funds minus the real estate and legal fees. When the same person then buys a different property to live in, they pay legal fees plus stamp duty.</p> <p>For cities such as Melbourne and Sydney, these costs are likely to exceed A$70,000.</p> <p>These high transfer costs may mean it is not cost-effective <a href="https://theconversation.com/why-older-australians-dont-downsize-and-the-limits-to-what-the-government-can-do-about-it-76931">for the person to move</a>.</p> <h2>Reason 2 – levies are high</h2> <p>Because apartment owners pay body corporate levies, people often assume this is just the same as periodic payment of rates, water, insurance and other costs. It is not.</p> <p>Fees remissions for low-income retirees for rates, power, insurance and water are difficult to apply within a body corporate environment. As a consequence, these are usually not applied to owners of apartments.</p> <p>The costs of maintaining essential services, such as mandatory fire-alarm testing, yearly engineering certification, lift and air-conditioning inspections, significantly increase ownership costs.</p> <p>When additional services are supplied, such as swimming pools, gyms and rooftop gardens, these also require periodic inspections. Garbage collection, cleaning, gardening, concierge and strata management services also <a href="https://eprints.utas.edu.au/cgi/users/home?screen=EPrint%3A%3AView&amp;eprintid=23322">must be paid</a>.</p> <p>Owners of standard suburban homes choose whether they want these services, with those on fixed incomes going without them.</p> <p>Annual levies for apartment buildings vary, but expect to pay between $10,000 and $15,000. They <a href="https://www.strata.community/understandingstrata/faqs">may be more than this</a>.</p> <h2>Reason 3 – costs of maintenance</h2> <figure class="align-right "><figcaption></figcaption></figure> <p>Apartments are often sold as a maintenance-free solution for older people. The maintenance is not free. It needs to be paid for.</p> <p>Maintenance costs are higher in an apartment than a standard suburban home because there are more items and services to be maintained and fixed. Lifts and air conditioning need periodic servicing and fixing. This is in addition to the mandatory inspections listed above.</p> <h2>Reason 4 – loss of financial security</h2> <p>It is a mistaken belief that the maintenance costs that form part of the body corporate fee include periodic property upgrades. This relates to items that are owned collectively with other apartment owners.</p> <p>Major servicing at the ten-year mark and usually each five-to-seven years after that include painting, floor-covering replacement, and lift and air-conditioning repair or replacement.</p> <p>Major upgrades may also include garden redesign or other external building enhancement including <a href="https://eprints.utas.edu.au/cgi/users/home?screen=EPrint%3A%3AView&amp;eprintid=23315">environmental upgrades</a>. All owners share these upgrade costs.</p> <p>Costs of upgrading the inside of an apartment (a bathroom disability upgrade, for example) are additional again.</p> <p>Once the body corporate committee members pledge funds towards an upgrade, all owners are required to raise their share of the funds, whether they can afford it or not. Communal choice outweighs an individual owner’s need to delay upgrade costs.</p> <p>Owners who buy apartments that are part of a body corporate effectively lose control of their future financial decisions.</p> <h2>Reason 5 – loss of security of tenure</h2> <p>Loss of security of tenure is usually associated with renters. However, the recent introduction of <a href="http://www.lpi.nsw.gov.au/__data/assets/pdf_file/0009/25965/Termination_of_a_strata_scheme_by_RG.pdf">termination legislation</a> in New South Wales gives other owners the right to vote to terminate a strata title scheme. When this occurs, all owners, including reluctant owners of apartments within that scheme, are compelled to sell.</p> <p>There are valid reasons why termination legislation is desirable, as many older apartment complexes are reaching the end of their useful life.</p> <p>Even so, as termination legislation is rolled out across the states, owner- occupiers effectively lose control of how long they will own a property for. They no longer have security of tenure, which means retirees may face an uncertain housing future in their old age.</p> <h2>Downsizing raises poverty risks</h2> <p>Because current data sets do not adequately take account of ongoing costs associated with apartment living, the effect of downsizing on individual households is masked.</p> <p>Downsizing retirees into the apartment sector creates ongoing financial stress for older people. Creating <a href="https://theconversation.com/it-will-take-more-than-piecemeal-reforms-to-convince-older-australians-to-downsize-51043">tax incentives to move</a> does not tackle these ongoing costs.</p> <p>Centrelink payments for of <a href="https://www.humanservices.gov.au/customer/services/centrelink/age-pension">$404 per week</a> are well below <a href="http://acoss.wpengine.com/poverty-2/">the poverty line</a>. Yet we expect retirees to willingly downsize and to be able to cede most of their Centrelink payments to cover high body corporate costs.</p> <p>Requiring retirees to downsize for the greater urban good will shift poverty onto retirees who could barely manage in their previously owned standard suburban home.</p> <p>Failing to understand the effect of high ongoing costs associated with apartment living and reinforcing the myth of zero housing costs in retirement will continue to lead to poor policy outcomes.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/80895/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https://theconversation.com/republishing-guidelines --></p> <p><a href="https://theconversation.com/profiles/erika-altmann-361218"><em>Erika Altmann</em></a><em>, Property and Housing Management Researcher, <a href="https://theconversation.com/institutions/university-of-tasmania-888">University of Tasmania</a></em></p> <p><em>Image credits: Getty Images</em></p> <p><em>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/downsizing-cost-trap-awaits-retirees-five-reasons-to-be-wary-80895">original article</a>.</em></p>

Retirement Income

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How to downsize without leaving the suburb you love

<p style="text-align: left;">If you find yourself rattling around in a home that now has too many rooms to clean, and you’d prefer to spend more time doing things you love rather than household chores, it might be time to downsize. Not only can downsizing your property simplify your lifestyle, it has the potential to free up some funds as well. If you manage your ‘empty nester’ status well, it can become a profitable nest egg!</p> <p style="text-align: left;">But downsizing to a smaller home can be a daunting process. You may not be ready for the close proximity of a retirement village, nor are you keen to leave the neighbourhood you love. You have great neighbours, you’re close to family, and you have all the amenities you want nearby, but your house just doesn’t suit your lifestyle anymore.</p> <p>So, what are your options? There are in fact a couple of great alternatives to packing up and leaving everything you’ve known behind: building a dual occupancy home or a knockdown rebuild on your existing block of land.</p> <p><strong>What is a dual occupancy development?</strong></p> <p>A dual occupancy home design, also known as a ‘duplex’ or ‘multi-dwelling’, can come in a variety of layouts: either two attached dwellings side by side, where both properties have street frontage, or one behind the other, where there’s a driveway down one side of the property. A dual occupancy home is a great consideration for those who:</p> <ul> <li>Want to remain in the same area but don’t need as big a house.</li> <li>Want a low maintenance lifestyle.</li> <li>Have a large block in an area where land prices are increasing.</li> <li>Want to realise some of the equity in the land.</li> <li>Want to create an ongoing income stream through an investment property.</li> </ul> <p style="text-align: left;"><strong>Unlocking wealth with a dual occupancy home design</strong></p> <p>The Australian property boom has made many people many millions. But the fact is that the wealth lies in the land not in the dwellings themselves. Many people who have owned a slice of the Aussie Dream for more than 10-15 years are sitting on potential gold, however all their equity is tied up in the land beneath their house. For empty nesters that are ready to downsize, this offers enormous opportunity.</p> <p>It’s no surprise that dual occupancy house designs are increasing in popularity. There are a number of ways you can capitalise on this opportunity:</p> <ul> <li>Live in one house and sell the other.</li> <li>Live in one house, then rent the other one. This provides a potential income stream and is particularly great if your property is in an area where rental supply is low.</li> <li>Sell both houses and live somewhere else. This option works well in areas where housing stock is low and demand is high – and when you’re prepared to find somewhere else to live!</li> </ul> <p>There are some design limitations when it comes to building a dual occupancy home due to the somewhat restricted footprint, and a number of things to consider such as the size of your block, street frontage, driveways and council approvals. Thankfully however, experienced homebuilders such as Metricon have the expertise and know-how to provide you the guidance you need to make the most of your asset.</p> <p><strong>Knockdown rebuild – build a brand-new home, wherever suits your lifestyle</strong></p> <p>“Don’t move your life, improve your life!” is a fitting motto for those looking to take advantage of their great location by building a more suitable home for their life stage. If you really love where you live but your home just isn’t right for you any more, then there are two likely options: a renovation or a knockdown rebuild.</p> <p style="text-align: left;">A knockdown rebuild is especially a great option when you are looking to downsize – such as replacing your double storey home with a more suitable single storey option. Perhaps you are weighing up the option of moving but also hoping to build new. Let’s explore your options.</p> <p style="text-align: left;"><strong>To renovate or rebuild?</strong></p> <p>Before jumping on the renovation bandwagon, assuming it is an easier option, there are a few factors to consider that may ultimately influence your decision. These can include: the extent of your renovation, the comparable costs between renovating and rebuilding, and the expected increase in value of your property. Other factors such as the condition of your home (some old homes can’t cope with structural changes), and ongoing expense (a new home is typically cheaper to maintain than an older home), may preclude you from renovating.</p> <p>Renovating can often result in unforeseen cost blowouts and uncover previously hidden or undiscovered faults. There’s also the hassle of shifting furniture, isolating rooms, living in only part of your home or moving out completely during the renovation. A knockdown rebuild however, may be easier and deliver a more satisfying result than you think: a brand-new home where everything is clean and reliable, in a floorplan that matches your desired lifestyle perfectly.</p> <p><strong>Re-locating and building new</strong></p> <p>If you’re looking for a complete lifestyle change when downsizing, perhaps weighing up the options of a sea or tree change, you can have the best of both worlds and build your dream home to perfectly suit your new location. </p> <p><em>Images: Getty</em></p>

Downsizing

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8 tips that will help you downsize in retirement

<p>Downsizing can help make life more manageable in retirement, but it can also be quite the chore, requiring a lot of research, planning and preparation. We’ve taken a look at eight simple things you can do to help navigate this complicated process and downsize in retirement without the stress.</p> <p><strong>1. Take inventory</strong></p> <p>How can you know what you need to get rid of if you don’t even truly know what you own? Be as specific as you need to when taking inventory. You’ll probably be surprised to find out how long your list of possessions has become, which in and off itself might make it easier to jettison some things.</p> <p><strong>2. Designate a starting point</strong></p> <p>The hardest part is getting started, and when you do so it’s important to not have a scattershot approach. Make a list with a designated starting point and focus your attention on one area. A focussed, dedicated approach is crucial in terms of getting started and building up momentum.</p> <p><strong>3. Trash, sell and give away</strong></p> <p>Don’t be afraid to say goodbye to stuff you don’t need. This could be quite profitable if there’s anything you own that you can sell, and if you can’t bear to throw that old sundress in the trash consider giving it to one of your girlfriends or even your granddaughter as a gift.</p> <p><strong>4. Perform 6 month test</strong></p> <p>A great way to separate items that you may use from items that you definitely don’t need is applying the “6 month test” which is asking yourself whether you’ve used it in the last six months. If you haven’t, then odds are this is the sort of item that can be jettisoned without too much heartache.</p> <p><strong>5. Hanger trick</strong></p> <p>The hanger trick is a good way to get rid of clothing you don’t need. Hang every item in your closet backwards and wait a period of time (3, 6 or 12 months) then when you come back and check, throw out any items that haven’t been turned back because that means you haven’t used them.</p> <p><strong>6. Set timer</strong></p> <p>The entire downsizing process can be overwhelming, so instead of trying to tackle it in one big chunk break it down into manageable portions of 45 minutes. There’s no rush and as long as you keep at it over a period of time we think you will eventually find that you have made some real headway.</p> <p><strong>7. Scan paper then shred it</strong></p> <p>If you’ve got any paper items that you don’t necessarily need but would like to hang onto don’t be afraid to commit them to the paper shredder. The first thing you should do though is scan them. This way they’re preserved forever and you can always print them out if you need them again.</p> <p><strong>8. Decluttering party</strong></p> <p>Downsizing can be a pretty lonely task as well, so why not call a few friends to make the process more enjoyable! Having friends help you through your old possessions is always nice and can help you say goodbye to some of the more sentimental items you’re getting rid of.</p> <p><em>Images: Getty</em></p>

Home Hints & Tips

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6 questions you must ask yourself before downsizing

<p>For many people, retirement is the time to downsize from the family home to a smaller dwelling. It’s a big decision so before you take the plunge, first ask yourself these six questions to ensure you make an informed choice.</p> <p><strong>1. How much will I save moving to a smaller home?</strong></p> <p>A big reason to downsize is to save money, but you might not always save as much as you think when you really drilldown into the costs. Carefully compare the costs of your potential new dwelling with how much you’re spending now. Consider everything including the price of the house, maintenance, utilities, transport, entertainment and food.</p> <p><strong>2. Will the new neighbourhood fit my lifestyle needs?</strong></p> <p>When people retire their needs change; they no longer need to live in an area close to work or near good schools, for example. With this new change, you will have to work out what your new needs might be, and take that into consideration when looking for a place. Downsizing isn’t just about the house but the type of neighbourhood you want to live in.</p> <p><strong>3. How much longer will I be able to maintain my current home?</strong></p> <p>As you age, you might find that you’re not able to maintain a big house with a big garden as well as you once did. If those little maintenance projects are taking much longer than usual, it could be time to downsize. A house takes very little time to fall into disrepair, which means the property loses vales. It’s a smart idea to sell a house when you are able to make it looks its best.</p> <p><strong>4. What will I bring with me and what will I lose?</strong></p> <p>The reality of a smaller place is that there will be less space to put your things. For many people, the hardest part of downsizing is decluttering, so do the mental preparation of deciding what you’re going to bin (or give to charities) before you actually move – otherwise you might end up bringing too much with you. You will have to make some tough, sometimes emotional, decisions but don’t let your “things” hold you back from moving forward.</p> <p><strong>5. How is your health and your partner’s health?</strong></p> <p>It’s always best to move when you’re fit and able rather than being forced to by circumstances later down the track. And even though you’re healthy now, you need to consider your future health needs when deciding on a new home. Will you always be able to navigate the stairs or mow the lawn? Is the place close to medical care? Is the neighbourhood senior-friendly? These are just a few questions to think through.</p> <p><strong>6. How close will family and friends be?</strong></p> <p>As people age, it’s common for social circles to shrink so in retirement, it’s more important than ever to keep socially active. Therefore, it’s crucial to factor in social connections and activities into your move. How close will family and friends be from your new place? Does your new neighbourhood have activities for retirees? Are there opportunities to make new friends and discover new activities? While retirement planning mostly focuses on finances, your emotional and social needs are just as important and should be carefully considered.</p> <p><em>Image credits: Getty Images</em></p>

Home Hints & Tips

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5 key things you need to consider before downsizing

<p dir="ltr">Retirement is a time of change, and it can be a change of address too. Many pre-retirees consider making a sea change or a tree change and make the decision to move into a property that better meets their changing lifestyle needs. Often the move is out of a larger family home into a smaller house, an apartment, or a retirement village. Of course it doesn’t need to be a change of suburb, it might be something smaller in the same area. Like all decisions, your own goals about moving homes should be front and centre.</p> <p dir="ltr">There is a financial planning opportunity associated with a decision like this and it’s one that many Australians are making. It’s called the downsizing contribution strategy and it allows you to use superannuation to help you fund your retirement lifestyle using proceeds from the property sale. The good news is that you don’t have to use all of the proceeds from the sale of the family home into a superannuation downsizer contribution. You get to choose how much you’d like to contribute, up to $300,000 for singles and $300,000 each for couples.</p> <p dir="ltr">There are 5 key things you should consider before you make a decision to use the downsizing contribution strategy.</p> <p dir="ltr"><strong>1. What type of property and which suburb will you downsize to?</strong></p> <p dir="ltr">Many people approaching retirement don’t want to be rattling around in a larger family home. So if you do look for something smaller, what type of property and which suburb will you move to?</p> <p dir="ltr">Some key considerations may include:</p> <p dir="ltr">· Proximity to family and friends</p> <p dir="ltr">· The distance to essential services you use, shopping and medical services</p> <p dir="ltr">· Availability of public transport</p> <p dir="ltr">· Accessibility of lifestyle activities such as golf, tennis courts, swimming</p> <p dir="ltr">· The type of property itself, perhaps single level with no stairs</p> <p dir="ltr">Many city dwellers who choose the sea or tree change often take what they have for granted so if you’re moving to a region, make sure you do your homework to ensure you will have everything you need.</p> <p dir="ltr"><strong>2. Check your eligibility to ensure this strategy is open to you</strong></p> <p dir="ltr">In addition to finding your next home, you should also make sure you understand and follow the rules the government has set out about using the downsizer contribution strategy. There are always rules! Check the eligibility requirements to make sure it’s available to you, including</p> <p dir="ltr">completing the right paperwork at the right time. Originally this was only open to those aged 60 or over from 1 July 2022, however the government has now lowered the accessibility age to those aged 55 and over from 1 January 2023. Other conditions apply too so ensure you meet them to ensure you’re eligible for this financial planning strategy.</p> <p dir="ltr"><strong>3. Make the most of your contribution options.</strong></p> <p dir="ltr">The downsizer contribution allows an individual to make a $300,000 contribution to your super. And if you’re a couple, you each can make a $300,000 contribution. With the focus on getting money into your super to fund your retirement life, remember that you may also make a non-concessional contribution of up to $330,000 (total super balance permitting). This way you can maximise the base from which a tax free income stream may be commenced or equalise the value of accounts if one member is over the transfer balance cap. Remember that you can also make a downsizer contribution if you have reached your transfer balance cap of $1.7 million.</p> <p dir="ltr"><strong>4. Ensure the strategy is considered with Centrelink.</strong></p> <p dir="ltr">For many Australians, Centrelink provides an important source of income for their retirement and it makes sense to consider this strategy in the context of your eligibility for that income. The money you receive from the sale of your family home will be considered when determining your entitlements. Your new home however, the one you downsize to, becomes exempt once you have purchased it. This is because it becomes your primary residence.</p> <p dir="ltr"><strong>5. Don’t forget about the other ways you can contribute to super.</strong></p> <p dir="ltr">The downsizing contribution strategy is just one way you can contribute to super. There are other ways you can contribute too. An example is making a personal deductible contribution to super. Through this type of contribution, you make your contribution, and you claim a tax deduction when you get your tax return completed. Downsizer super contributions don’t allow you to claim a tax deduction. Make sure you consider all of your options when making super contributions and assess the pros and cons of each.</p> <p dir="ltr">There is a lot to consider when making the decision to downsize your family home and it’s not just about where you want to live next. The downsizer contribution strategy is a great way to get extra money from the sale of your family home to fund your retirement lifestyle. Make sure you understand your financial planning options though, before making a decision, to be more confident that you will achieve the outcomes that you’re seeking. No one likes surprises around unexpected outcomes, so do your homework and seek advice from a licensed financial planner if you need help.</p> <p dir="ltr"><em><strong>Luke Smith is a licensed Australian financial planner and author of the new book, Smart Money Strategy – Your Ultimate Guide to Financial Planning (Wiley, $34.95), published by Wiley. Luke is also the host of the popular podcast ‘The Strategy Stacker – Luke Talks Money’ and appears every Friday afternoon on Canberra’s 2CC. Found out more at <a href="http://www.thestrategystacker.com.au">www.thestrategystacker.com.au</a></strong></em></p> <p><span id="docs-internal-guid-b947a9ff-7fff-c3ad-8165-fba98ab2beb8"></span></p> <p dir="ltr"><em>Image credit: Getty</em></p>

Downsizing

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So, you want to live tiny? Here’s what to consider when choosing a house, van or caravan

<p>The reasons for choosing to go tiny range from reducing debt, inability to afford a conventional home, the search for sustainability, a life crisis, or even <a href="https://theconversation.com/architecture-of-doom-diy-planning-for-global-catastrophe-31836">preparing for an uncertain future</a> in the face of climate change by going off-grid. Or perhaps a combination of these.</p> <p>An important first step is to decide what type of tiny house you want. To many, the phrase “tiny house” brings to mind an archetypal tiny house on wheels, a miniature cottage on a trailer, often made of wood, with a pitched roof and dormer windows. </p> <p>Indeed, most tiny housers prefer some degree of mobility, whether a ready-made or DIY tiny house, converted caravan or bus/van. A survey by the <a href="https://australiantinyhouseassociation.org.au/">Australian Tiny House Association </a>found most (78% of 109 respondents) lived in tiny houses on wheels, but a small but growing proportion live in converted caravans, vans or buses.</p> <h2>Why do you want to go tiny?</h2> <p>First you need to evaluate your motives, which may differ according to your situation or stage of life. The most important question here is, how often do you want to move? </p> <p>Do you want to be ultra-mobile, and live like a digital nomad, perhaps in a “stealth van” in the city, changing parking spaces every night? Or do you want to travel around Australia like a “grey nomad”, staying in caravan parks or roadside camps for a week or so before moving on? </p> <p>Alternatively, do you want to be more settled, perhaps moving occasionally, to be closer to work, medical facilities or schools for children? (Yes, some tiny housers have children). Or do you want to travel between the houses of adult children or do petsitting, staying from weeks to months?</p> <p>Many off-the-shelf caravans are extremely well designed and are accepted everywhere, at caravan parks or roadside parking areas. On the other hand, a tiny house on wheels is less mobile, and not suited to frequent moving (they are also extremely heavy, not aerodynamic and large tow vehicles are costly). </p> <p>They’re also less accepted in caravan parks, and <a href="https://www.tandfonline.com/doi/full/10.1080/07293682.2019.1632358">most local councils consider them caravans</a>, with restricted periods of occupancy and often onerous conditions. Vans and buses are the most flexible (in the “stealth van” or vanlife movement, people live rent-free by parking, mostly illegally, often in industrial estates, and using public or work/gym bathrooms). </p> <p>They are, however, extremely small and while it may seem glamorous to live in a van like celebrity rock climber <a href="https://www.ft.com/content/d1ac7b02-34f8-11e9-bd3a-8b2a211d90d5">Alex Honnold</a>, the reality may not be practical.</p> <h2>What can you afford?</h2> <p>Cost will likely be the next factor to consider. <a href="https://tinyrealestate.com.au/what-does-a-tiny-house-cost/">Ready-built tiny houses range from around A$50,000 - $120,000</a>; DIY are cheaper, especially if self-built, with some costing under $2,000. The higher end, architect-designed ones are more expensive.</p> <p>Converted caravans can be affordable, even under $10,000, but prices vary markedly, with some ultra-luxurious five-wheelers costing more than a typical suburban house (&gt;$600,000). </p> <p>Converting old buses and vans is much cheaper, with the cost of the vehicle tending to be under $20,000. Of note, unless you are living <a href="https://www.tandfonline.com/doi/full/10.1080/07293682.2019.1636837">under the radar</a> or free camping, you are going to have to factor in the ongoing cost of renting someone’s backyard or caravan park space.</p> <p> </p> <div data-react-class="InstagramEmbed" data-react-props="{&quot;url&quot;:&quot;https://www.instagram.com/p/B6y6fT6nEOE&quot;,&quot;accessToken&quot;:&quot;127105130696839|b4b75090c9688d81dfd245afe6052f20&quot;}"> </div> <h2>How sustainable is your choice?</h2> <p>Sustainability is a more nuanced aspect of tiny house living; living small means less energy needed for heating and less room for superfluous stuff, encouraging or enforcing a minimalist lifestyle. </p> <p>Most tiny houses on wheels are off-grid to some extent, relying on <a href="https://www.tandfonline.com/doi/full/10.1080/07293682.2019.1634111">solar power, rainwater and composting toilets</a>. They are often built entirely out of sustainable or reclaimed materials. </p> <p>On the other hand, most caravans and vans are not particularly sustainable — they’re often built out of mass-produced material and may produce outgassing from carpets and paints. Vans and busses are generally no more or less sustainable than any similar vehicle. </p> <h2>What kind of life do you want?</h2> <p>Tiny houses, whatever the type, are just that: tiny. Space is at a premium and living tiny requires reducing stuff, such as clothes, sporting and hobby equipment. Tiny houses on wheels, where parked more permanently, allow for decks and even sheds, but caravans and vans are self contained, unless in a permanent caravan park. </p> <p>If you are used to living in a very large space, it may take time to adapt to the practicalities of tiny living; people often complain about cooking smells and composting toilets.</p> <p>Despite the popularity of tiny houses however, very few people actually live in them. Nonetheless, the vast majority of people who live or have lived tiny, <a href="https://theconversation.com/life-in-a-tiny-house-whats-it-like-and-how-can-it-be-made-better-110495">view their experience positively</a>, and feel it has greatly enriched their lives, and helped them <a href="https://theconversation.com/when-people-downsize-to-tiny-houses-they-adopt-more-environmentally-friendly-lifestyles-112485">re-evaluate their life choices, especially consumerism</a> even after moving to more conventional dwellings.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://theconversation.com/so-you-want-to-live-tiny-heres-what-to-consider-when-choosing-a-house-van-or-caravan-129790" target="_blank" rel="noopener">The Conversation</a>. </em></p>

Home & Garden

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Top tips for a kitchen cleanup

<p dir="ltr">Whether you’re gearing up for a move or just looking for a little more space in your crowded cupboards, downsizing is both an effective and rewarding activity. Plus, the whole family can hop in and lend a helping hand. </p> <p dir="ltr">The concept of a downsize is no new thing, but with the likes of Netflix’s Tidying Up with Marie Kondo taking the world by storm, it’s become bigger than ever with people eagerly taking to cutting down on household clutter.</p> <p dir="ltr">From keeping only their most treasured items to only keeping those that are absolutely necessary, households around the world have benefitted from putting in a little elbow grease. However, as many can attest, one of the best spots to tackle is none other than the kitchen. </p> <p dir="ltr">Downsizing and minimising the items you have in your home isn't a new concept, but it's become more popular as of late. This simple act of pairing your current items down and keeping only the essentials is proving to be worthwhile, and one room that can definitely benefit from this kind of attention is the kitchen. This is one of the most trafficked and used areas in the home and if you're not careful, kitchens can become a hoarding ground for things we don't always need or use.</p> <p dir="ltr">The kitchen, with cupboards, drawers, and pantries galore, is a breeding ground for items that will have anyone exclaiming “I forgot I had that”. From removing unnecessary appliances, dining ware, four sets of mismatched cutlery, and old food, here are some top tips and tricks to keep on top of the task, and master the art of the kitchen downsize. </p> <ul> <li dir="ltr"><strong>Set achievable goals </strong></li> </ul> <p dir="ltr">The first critical mistake any budding (or avid) downsizer can make is to set a goal that isn’t realistic - whether that be in scope or in time frame. When setting your goal, make sure to factor in things such as the size of your kitchen, how long it’s been since your last cleanup, how many helpers you may be able to rope in, and when you’d like to be finished. </p> <p dir="ltr">Start from the end: decide the date you want to be able to check this item off your to-do list, and work back from there, figuring out how long you’ll realistically have to spend on it each week or month, and allow yourself some wiggle room should you have to skip a day. </p> <p dir="ltr">Give yourself checkpoints along the way in the form of smaller milestones. Is cleaning out your pantry your top priority? Do you consider finally emptying that overflowing second utensils drawer an achievement in itself? Would removing the old jam jars from the back of the fridge give you the boost you need to tackle the next shelf? If so, these little accomplishments could make all the difference. </p> <ul> <li dir="ltr"><strong>Remove duplicates </strong></li> </ul> <p dir="ltr">It is common advice that when starting out, you should remove everything from the area you plan to work on. While this isn’t always possible, especially if you’re short on room, it can make the world of difference to see exactly how much space you have to work with, and to be able to group together any similar items that may have been lying around - utensils with other utensils, pots with other pots, and so on. </p> <p dir="ltr">Once this is done, the next step is to remove any duplicate items from your collection. While it can help to have a few of each thing - surely there’s no such thing as too many wooden spoons - this can be a great opportunity to get rid of the unnecessary items chewing up space in your kitchen. This, of course, will vary from household to household - those who cook larger meals for bigger households may require more than those of a single person household, for example. </p> <p dir="ltr">It’s important, of course, to hold on to the one from the set that you’ll get the most use out of. Often, these are the ones in best conditions, or that are the best quality. It can help too to remove the largest one from your collection, especially if saving space is why you started this project. For those who’d prefer to hold on to your favourite one instead, that’s okay. Downsizing is meant to help, not upset. </p> <ul> <li dir="ltr"><strong>Cut back </strong></li> </ul> <p dir="ltr">We all have that kitchen gadget sitting in the back of a cupboard from Christmasses past - probably still in the box, waiting to see the light of day. From gimmicky single-use items (keep the ones you use, stop hanging on to the rest) to bulky specialty appliances, we’ve all been there, and we could all gain some room back if we cut the ties. </p> <p dir="ltr">The key, when deciding which devices to keep, is to focus on the ones you actually use. Pasta makers, smoothie blenders, ice cream machines, bread ovens, and vegetable slicing contraptions are all well and good to have - if you’re making the most of them. But if their primary purpose in your kitchen is to collect dust, it might be time to let them go. If you’re unsure, it’s suggested you ask yourself if you will use the appliance in the next few months. If your answer is no, it’s probably a sign. </p> <p dir="ltr">And the best part? Gifting it is always an option, especially if it’s still snug in its box. </p> <ul> <li dir="ltr"><strong>Storage solutions </strong></li> </ul> <p dir="ltr">Organised pantries are all the rage, from orderly labelled tubs to chaotically unique household solutions, everyone wants to know exactly what’s in there and where to find it. <a href="https://www.kmart.com.au/category/home-and-living/pantry-storage/">Clear containers</a> are a hero item, and as with most things reusable, you can feel like you’re doing your bit for the environment, as an added bonus. Plus, you’ll feel good opening those doors to see the order in your shelves. </p> <p dir="ltr">When it comes to cupboards, a top tip is to look into a <a href="https://www.ikea.com/au/en/p/variera-shelf-insert-white-50177727/">shelf raiser</a> or two. Being able to see everything in your collection as soon as you peer inside can put you at a great advantage when it comes to keeping on top of your cleanup in the long term. This goes for all areas of the kitchen - from the fridge to the pantry, spice rack, cupboards, and saucepan spot - and is crucial in avoiding going through the entire process faster than you can tell people “I sorted my house and I feel so much better now”. </p> <p dir="ltr"><em>Images: Getty </em></p>

Home Hints & Tips

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Better Homes & Gardens host selling her prized family hideaway

<p dir="ltr">After downsizing 20 years ago, Noni Hazlehurst looks like she’ll be doing it again after listing her home in Queensland’s Gold Coast hinterland for sale.</p> <p dir="ltr">The <em>Better Homes &amp; Gardens </em>host was nearing the end of her decade-long stint on the show when she swapped her Blue Mountains property for The Gables in 2002 for $749,000.</p> <p dir="ltr">With her two sons now all grown up, Halelhurst’s Tamborine Mountain property will be going under the hammer next month, as the TV presenter looks for another, smaller place to call home.</p> <p dir="ltr">“I’m in the downsizing phase of my life again,” the 69-year-old said. </p> <p dir="ltr">“My family is dispersed, as families tend to do, and so it’s got too much, so it’s time.”</p> <p dir="ltr">Since she purchased it 22 years ago, Hazlehurst has put plenty of work into the four-bedroom, three-bathroom home, including updating the kitchen and bathrooms.</p> <p dir="ltr">But, the former <em>Play School</em> presenter said it was the gardens that were a “labour of love”.</p> <p dir="ltr">“There was a tropical garden here already here, but I’ve put in about nine different kinds of magnolias, some huge gardenia bushes, hydrangea and jasmine,” she said.</p> <p><span id="docs-internal-guid-1f07179d-7fff-4285-6a7e-252eee73fc8d"></span></p> <p dir="ltr">“The jacaranda is about to pop, the agapanthus are going nuts, and there are avocado trees and two mulberry trees.</p> <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/CBSRkxNnqJC/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/CBSRkxNnqJC/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank" rel="noopener">A post shared by Noni Hazlehurst (@realnonihazlehurst)</a></p> </div> </blockquote> <p dir="ltr">“It has this rich, red volcanic soil here that is just so fertile, you can almost watch things growing. And we get proper seasons and real winters with log fires, and summer rarely gets above 30 [degrees].”</p> <p dir="ltr">Hazlehurst moved from the Blue Mountains with little knowledge of the Gold Coast area and had fallen “in love with the environment” after visiting a nearby friend’s house.</p> <p dir="ltr">Now that she’s looking for a new home, her love for the area means she won’t be looking too far.</p> <p dir="ltr">“I’ve always wanted this sort of semi-rural environment, so I’ll try to replicate this but on a smaller scale,” she said.</p> <p dir="ltr">The property itself is described as having an “enchanted forest feel” in <a href="https://www.realestate.com.au/property-house-qld-tamborine+mountain-140849184" target="_blank" rel="noopener">the listing</a>, hidden partially by the greenery Hazlehurst put her love into.</p> <p dir="ltr">“Downsizing after raising the family here, the owner finds it time to move on, making way for a new generation to enjoy and cherish this beautiful home and garden,” the listing reads.</p> <p dir="ltr">Inside, the house boasts a “library room”, as well as high ceilings, timber floors and lattice windows, and several ornate fireplaces.</p> <p dir="ltr">The house will be auctioned through Ray White Rural at 10.30am on Friday, December 16.</p> <p dir="ltr"><span id="docs-internal-guid-f1d2b7c9-7fff-5a67-588c-6103540f0268"></span></p> <p dir="ltr"><em>Images: Ray White / @realnonihazlehurst (Instagram)</em></p>

Real Estate

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What to consider when downsizing

<p>It’s the great Australian dream: to own a house in the suburbs with a big backyard for the kids. But, with the kids gone and you reaching retirement (if you’re not already retired), is it time to downsize?</p> <p>Moving out of the family home to cheaper and smaller accommodation isn’t an easy decision, but in many cases one that has to be made, due to either costs in the upkeep of the home or for health reasons.</p> <p>A study by the Australian Housing and Urban Research Institute found that 43 per cent of survey respondents who had relocated had downsized, with around half downsizing or moving only once since turning 50. It also revealed that out of its respondents, 91 per cent of downsizers reported being either mostly satisfied or very satisfied. Now, that’s good news.</p> <p>While the motivation for downsizing is different for everyone, the most common reasons for relocating was a change in lifestyle, being closer to family and financial gain. By moving into smaller and more affordable housing, insurance premiums may be reduced and for those who haven’t finished paying off their mortgage, it could mean a lower mortgage repayment or paying it off outright.</p> <p>If downsizing is starting to sound appealing, here’s what you need to know.</p> <p><strong>What’s best for you?</strong><br />Talk to your partner and your family to gauge your motivations for wanting to move. Is it financial? Would you like to be closer to your grandchildren? Or, would you like to live by the coast? Whatever your reasons, be mindful of why you want to downsize. That way, if you experience challenges along the way, you’ll always have that picture in the back of your mind of why you’re making the move.</p> <p><strong>Make the tough calls</strong><br />The family home carries within its walls a lifetime of memories so it can be difficult to say goodbye to it. In many cases, you’ll need to sell or give away some of your belongings because a smaller home means limited space. However, take this opportunity to look at what you have and what you really need.</p> <p>This can be a great way to finally say goodbye to those old lawnmowers in the garage that no longer work. Ask for help from your family, friends and neighbours since this should be a time of celebrating the old and embracing the new.</p> <p><strong>Do your homework</strong><br />The internet has made it much easier to find housing anywhere in Australia. While many suburbs are dominated by large family homes, there are growing pockets in all capital cities and large regional areas, particularly those towns popular with retirees, which have medium-density housing suitable for older couples.</p> <p>Write down what you’re looking for in terms of location, property and price to narrow down your search and then keep on top of available listings, either online or with a real estate agent in the area you want to move into.</p> <p><strong>Will downsizing affect my pension?</strong><br />Selling the family home is one way to free up cash for retirement, which can then be reinvested into shares, term deposits or superannuation. However, if you’re receiving any kind of government pension, then this is going to be affected.</p> <p>While the family home is exempt from the assets test, if you sell your home and come up ahead with a profit of say $300,000, the money will need to be included in the assets test. As the age pension depends on what your assets are worth in this test, it’s best to speak to a Department of Human Services Financial Information Service officer.</p> <p>Whatever your reason for downsizing, make sure you’re fully aware of what you want, what’s best for you and how moving may impact your current circumstances. If in doubt, speak to family and friends or seek professional advice from a financial planner.</p> <p><em>Image credits: Getty Images</em></p>

Money & Banking

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How to live in a double-storey home with two fake knees

<p>After working tirelessly to build her risk management company over the past 30 years, Norine had a very clear vision of the “forever home” she wanted to find to begin her retirement.</p> <p>“For a long time, I lived in high-rise apartment in the Melbourne CBD without a garden of my own,” says the self-confessed green thumb. “And so, in retirement, I wanted to have a small garden, live close to public transport and my family, with a spare room for guests and an office – because, if I’m honest, I couldn’t imagine not doing some work at least for a few years.</p> <p>“Prior to my first knee replacement, the orthopaedic surgeon indicated that replacement knee joints would last 16 to 20 years or longer, depending on how I used them. He said that stairs, particularly going downstairs, wears the knee joint due to the impact of weight on each step and the risk of falling.</p> <p>“I soon found out that to get everything I wanted in my forever home, I would have to buy a double storey home. So, I needed a solution.”</p> <p><img class="alignnone wp-image-21353 size-full" src="https://oversixtydev.blob.core.windows.net/media/2022/07/NEW_O6O_Norine-Lift-from-Front.jpg" alt="" width="1280" height="720" /></p> <p>Norine’s extensive background in risk management and workplace safety meant that she had the tools to undertake a risk assessment approach to living in retirement. “I basically went about researching ‘How to live in a double-storey home with two fake knees’,” she explains. What she discovered immediately seemed to make sense to her professional point of view.</p> <p>“Firstly, it was a no brainer,” says Norine. “I needed a lift functionality on a day-to-day basis. I wanted a lift that was compact, unobtrusive and simple to operate, while transporting anything from a cup of coffee to a heavy plant upstairs.</p> <p>“I also investigated the downside of lifts, particularly doors malfunctioning. That rang true to me since there were so many times in my CBD apartment when the lift doors were out of order. I didn’t want the expense nor inconvenience associated with lift door malfunctions.”</p> <p>In her research, Norine discovered a doorless lift, which meant it was simple and quick to use. “I did a risk assessment on the doorless lift design,” she says. “For me, it was a far safer option – it’s more likely I could be caught out with a non-functioning door than fall from a lift with a safety grip.</p> <p><img class="alignnone size-full wp-image-21270" src="http://www.wyza.com.au/wp-content/uploads/2022/07/WYZA_Norine-Lift-with-Stairs-132259.jpg" alt="" width="880" height="500" /></p> <p>“<a href="https://resilift.com.au/?utm_source=O60&amp;utm_medium=website_article" target="_blank" rel="noopener">RESiLIFT</a> is the only residential lift on the market that is doorless, and it ticked my other safety boxes too,” says Norine. “The lift has a manual override, which means I can lower the lift myself in the unlikely event of a power outage.</p> <p>“The mechanism to operate the lift means you hold down a button to move in any direction. As soon as you remove your finger off the button the lift stops. This makes it pretty foolproof, and I still have one hand free for my coffee cup!”</p> <p>Norine then set about obtaining the dimensions of the various models on offer and used these to determine the practicality of lift installation at every “open for inspection” home she visited.</p> <p>“Once I found the home I hoped to buy, a <a href="https://resilift.com.au/?utm_source=O60&amp;utm_medium=website_article" target="_blank" rel="noopener">RESiLIFT</a> representative came with a template to confirm it was suitable,” Norine recalls. “All of this happened prior to me making an offer on a home.”</p> <p>What happened next only helped confirm to Norine that she was on a winner, in both a practical and stylistic sense. “When I bought the house, I positioned my lift in the corner of the dining room,” she says. “Recently, I had eight friends for dinner, and the next day a friend emailed me to say that she’d forgotten to check out the lift – where was it? I explained that it had been about two feet way from where she had been sitting.</p> <p><img class="alignnone size-full wp-image-21272" src="http://www.wyza.com.au/wp-content/uploads/2022/07/WYZA_Norine-in-Lift-with-Coffee-120159_body.jpg" alt="" width="880" height="500" /></p> <p>“The lift is now quite a point of entertainment with friends given it’s practically invisible yet extremely effective.</p> <p>“I have the <a href="https://resilift.com.au/?utm_source=O60&amp;utm_medium=website_article" target="_blank" rel="noopener">RESiLIFT</a> Miracle, which is large enough for a walker should I need one in the future. The specs say that it is for two people, but you need to be friends!”</p> <p>It’s been almost a year since Norine moved in – and in all that time she has only used the stairs three times in total, “Which is exactly what I wanted,” she says.</p> <p>“I now have my forever home with garden, and everything is set up for perfect and safe retirement living. It wouldn’t be possible without a <a href="https://resilift.com.au/?utm_source=O60&amp;utm_medium=website_article" target="_blank" rel="noopener">RESiLIFT</a>.</p> <p><strong><em>This is a sponsored article produced in partnership with </em></strong><a href="https://resilift.com.au/?utm_source=O60&amp;utm_medium=website_article" target="_blank" rel="noopener"><strong><em>RESiLIFT</em></strong></a><strong><em>.</em></strong></p>

Home Hints & Tips

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How to permanently holiday at home

<p>Our homes are our havens, and living in a supportive community is more important now than it’s ever been. If you’ve dreamed of finding a ‘forever home’ and always been left feeling like there must be something better out there for you, then it’s time to try something different.</p><p>Sabine, 63, lived in Western Sydney for years and didn’t know one single neighbour she could say hello to, let alone ask for a helping hand when she needed it.</p><p>After relocating from the city to the coast and moving to <a href="https://ingenialifestyle.com.au/communities/nsw/central-coast-nsw/sunnylake-shores" target="_blank" rel="noopener">Sunnylake Shores</a> into an architecturally designed home a few years ago, her life has improved on every level – including her health.</p><p>She finally decided to move to be closer to her mother and with the hope of improving her lifestyle. “It’s a lot better for me where I am living now,” she says. “I’m so much more relaxed. Here, you have a community, and everyone talks to each other. You’re involved, it’s as simple as that.”</p><p><img src="https://oversixtydev.blob.core.windows.net/media/2022/01/DSC07129_O60.jpg" alt="" data-udi="umb://media/3386b0d304334a40adce25e1c0b79f69" /></p><p>It’s a happy story, and one which is heard again and again at <a href="https://ingenialifestyle.com.au/communities/nsw/central-coast-nsw/sunnylake-shores">Sunnylake </a><a href="https://ingenialifestyle.com.au/communities/nsw/central-coast-nsw/sunnylake-shores" target="_blank" rel="noopener">Shores</a>. There is a welcome togetherness in being around others who are at a similar life stage. Instead of feeling a lack of connection surrounded by a younger crowd, you can be an integral part of a community where people look out for each other. It’s one of the main benefits of being a part of an over-55s lifestyle community.</p><p>Living in a brand new air-conditioned, light and airy home means you feel comfortable. Being surrounded by likeminded people means you have someone to talk to and do something with. It’s about experiencing both fun and freedom every day. Most importantly, feeling like you belong and are in control of your life.</p><p><img src="https://oversixtydev.blob.core.windows.net/media/2022/01/DSC04435_O60.jpg" alt="" data-udi="umb://media/6318c9c703c74511b5c33917eaaeae77" /></p><p>“We’re very happy here,” adds Lorraine cheerfully, from her home in <a href="https://ingenialifestyle.com.au/communities/nsw/central-coast-nsw/sunnylake-shores" target="_blank" rel="noopener">Ingenia Lifestyle’s Sunnylake Shores</a> community. She and partner John were on a road trip a few years ago from Sydney to their home in Brisbane, took one look at the location and decided: “This is where we’d like to be.”</p><p>Thankfully their instinct was right. “We used to spend a lot of time away, travelling around Australia in our caravan to have a holiday. But what’s lovely here is that we can go for a short walk or drive and be at the lake or the beach.</p><p>“Everything is on our doorstep. And because of the location of the village, we’ll never be built out either. There’s no way we’d move from here now.”</p><p>The lifestyle on offer is hard to beat. There’s the option to be included in a variety of activities such as craft groups, shopping outings, trivia nights and activities such as Tai Chi. The Ingenia Activate program means it is your choice how social you are each week. There is always a range of events on offer to help you meet more people, stay active and pursue what interests you. Or if you prefer to sit under a tree and read a good book, then you can just lie back and enjoy the serenity of living life by the lake.</p><p>There’s also a strong sense of safety and security, community facilities to enjoy with family and friends, and a pet-friendly environment. A dedicated onsite Community Manager is always on hand to assist wherever is needed.</p><p>Of course, the financial benefits of investing into a land-lease model are huge. At Ingenia Lifestyle there is no stamp duty, no council rates and no exit fees or deferred management fees (DMF). Your home is an owned financial asset, and you keep 100 per cent of any capital gains. With a land-lease model, while you buy your home, you essentially lease the land for 90 years. The benefits are you have access to all the facilities on site which are managed by someone else. Everything to enjoy and nothing to worry about.</p><p><img src="https://oversixtydev.blob.core.windows.net/media/2022/01/Fishing_O60.jpg" alt="" data-udi="umb://media/7d0b0548798f403992ef19d0f4db69e5" /></p><p>At <a href="https://ingenialifestyle.com.au/communities/nsw/central-coast-nsw/sunnylake-shores" target="_blank" rel="noopener">Ingenia Lifestyle Sunnylake Shores</a> on the banks of Lake Munmorah, for example, there is a Community Clubhouse which features a billiard table, a library and a lounge area. If you have grandkids or visiting friends or family to entertain, there’s also an outdoor pool, casual BBQ and picnic areas, a boat ramp, jetty and even a playground.</p><p>Can’t decide between living near the water or bushlands? At <a href="https://ingenialifestyle.com.au/communities/nsw/central-coast-nsw/sunnylake-shores" target="_blank" rel="noopener">Ingenia Lifestyle Sunnylake Shores</a>, both the lake and the bush are right on your doorstep. Located between Newcastle and Sydney, both are just one hour away by car.</p><p>Making a sea change and living waterfront is more attainable than you <span>think.</span></p><div style="padding: 56.25% 0 0 0"></div><p> </p><p><span>This</span> is a sponsored article produced in partnership with <a href="https://ingenialifestyle.com.au/" target="_blank" rel="noopener">Ingenia Lifestyle</a>.</p>

Downsizing

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How much do you need to retire comfortably?

<p><span>Calculating how much money you’ll need for your retirement can be difficult because you need to take a number of factors into account including how much money you have now, how long it will last you and what your plans are for your future.</span></p> <p>The other factors you need to take into account include your lifestyle and the number of years you’ll spend retired.</p> <p>Additionally, estimating how much you’ll have when you plan to retire depends on factors such as your current salary, super balance and assets. With so many factors, it’s easy to see why you might need a retirement calculator to get an idea of your retirement savings needs.</p> <p>Companies such as AMP have <a href="https://www.amp.com.au/retirement/calculator/retirement-calculator">retirement calculators</a> on their sites and you can use these to get an indication of whether there’s a shortfall between how much you are estimated to have and how much you’ll need in retirement, and put a plan in place to address the situation.</p> <p><strong>How much is enough for retirement?</strong></p> <p>The Association of Superannuation Funds of Australia (ASFA) estimates that Australians aged around 65 who own their own home and are in relatively good health, will need between $535 and $837 per week for one person and between $774 and $1186 per week for a couple.</p> <p>The lower amount will be for a more modest lifestyle but this is still better than living on the <a href="https://www.amp.com.au/retirement/prepare-to-retire/retirement-pension-types">age pension</a>. While the higher amount would be for a more comfortable lifestyle with a broad range of leisure and recreational activities – including domestic and international travel.</p> <p>For Australians on above-average incomes, another rule of thumb to estimate how much money you’ll need in retirement is to assume you will require 67% (two-thirds) of your pre-retirement income to maintain the same standard of living.</p> <p><strong>What are your retirement lifestyle expectations?</strong></p> <p>Ultimately, how much money you'll need for your own retirement is very personal, and will depend on your own situation, wants, needs and lifestyle expectations. It may help to factor in your day-to-day spending habits, your recreational activities and hobbies and whether you’ll be entering retirement debt-free.</p> <p><strong>How long will you work for?</strong></p> <p>The age at which you retire can have a significant impact on how much money you have and how much money you need in retirement. It can depend on factors such as your health, debts, super balance, age you can access your super, whether you have dependants and your partner’s retirement plans (if you have one).</p> <p><strong>How long will you be retired?</strong></p> <p>Keep in mind if you're planning to retire at around the age of 65, it’s likely you’ll live for another 20 years or so. Men aged 65 can expect to live to 84.6 years, while women can expect to live to 87.3 years.</p> <p><strong>How much money will you have in retirement?</strong></p> <p>The money you use to fund your life in retirement will likely come from a range of different sources including the following:</p> <p><strong>Superannuation</strong></p> <p>Knowing your super balance is a crucial part of planning for retirement because it's likely to form a substantial part of your retirement savings.</p> <p><strong>The age pension</strong></p> <p>Depending on your circumstances and assets, you could be eligible for a full or part age pension or alternatively, you may not be eligible for government assistance at all. Check up on this by <a href="http://www.yourpension.com.au/APCalc/">visiting this age pension site</a> which has a calculator and you can ascertain your eligibility.</p> <p><strong>Investments, savings and inheritance</strong></p> <p>You may be planning to downsize your house, sell shares or an investment property, or use money you’ve saved in a savings account or term deposit to contribute to your retirement. Or perhaps an inheritance or the proceeds from your family’s estate may help you out in your later years. So these will all need to be taken into account.</p> <p><strong>How retirement calculators can help</strong></p> <p>If you use one of the <a href="https://secure.amp.com.au/ddc/public/ui/retirement-needs/">retirement calculators</a> available online, you can work out how much you’ll need in your retirement.</p> <p>Often when you go through all the steps of using a retirement calculator, it shows you how much you’ll need to fund your entire retirement and sometimes this points to a shortfall.</p> <p>While this news may seem scary, it’s not an uncommon situation. Luckily, finding out about the possible shortfall now means there may still be ways to boost your savings before retirement.</p> <p><span><strong>What do you do if you won’t have enough to retire?</strong></span></p> <p>If you find you’re facing a shortfall in retirement, there are several things you can do to get your retirement on track. You could consider boosting your super through additional contributions, delaying your retirement, adjusting your retirement lifestyle expectations, or selling other assets.</p> <p>Simply by having an idea of your current and projected retirement savings, thanks to using retirement calculators, you can work out a plan to improve your situation. The earlier you start, the easier it may be for you to reach your retirement goals.</p> <p><em>Image: Getty Images</em></p> <p><em> </em></p> <p><em> </em></p> <p><em> </em></p> <p><em> </em></p>

Retirement Income

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How to downsize without leaving your suburb

<p><em>Image: Readers Digest</em></p> <p>The kids are long gone, you’re tired of never ending cleaning and expensive utility bills, and your large property is now more of a hindrance to your lifestyle. Whether you want to simplify your life or start a new stress-free phase,<span> </span>downsizing your space<span> </span>offers many benefits. The only problem is, when most of us think of downsizing, we think of leaving behind the family home and moving into a smaller place, which can often mean saying goodbye to friends and family.</p> <p>If that thought makes you anxious, don’t worry. Downsizing doesn’t mean you have to sell up and move out. If you want to stay put, in a home that better meets your lifestyle needs, here are two things to consider:</p> <p><strong>Save stress with a knockdown rebuild</strong></p> <p>If you love where you live, but you don’t want to have such a big space anymore, a knockdown rebuild is a great way to build a new home, without having to leave your comfort zone. With a<span> </span>knockdown rebuild<span> </span>you have a blank canvas to work with, so you can design a home that you love from scratch, choosing the size and style to suit your later years. One of the biggest benefits of a knockdown rebuild is that it may be a lot more cost effective than renovating. It can even be less time consuming, and less stressful! If you live on a large block that has the potential to subdivide, you can even knock down your current home, build a smaller one on part of the land, and sell off the other part. This might help you to recoup some of the costs of the rebuild as well.</p> <p><strong>Split your home with dual occupancy</strong></p> <p>If you’re living in an outdated home with plenty of yard space, a dual occupancy home could be the solution. Why not knock your home down and build two homes, live in one and rent out the other? By doing this, you’ll have less space to worry about, and you’ll also be receiving income for the other half of your property. This might also free up some of the equity you have in your current home, and there are a number of tax bonuses as well. If renting the other home isn’t your goal, you might choose to keep family members close, using the second dwelling for them. Many Dual occupancy homes also have the added benefit that if you do choose to sell at any point, you can sell them separately, which could double your sales income!</p> <p>Do your research and find out what’s possible on your block and keep an open mind. Talk to a professional builder and do what’s right for you, and your future.</p> <p><em>This is a sponsored article produced in partnership with Metricon. </em><em>This article first appeared in <a href="https://www.readersdigest.com.au/home-tips/how-to-downsize-without-leaving-your-suburb">Reader’s Digest.</a> For more of what you love from the world’s best-loved magazine, <a href="http://readersdigest.innovations.com.au/c/readersdigestemailsubscribe?utm_source=over60&amp;utm_medium=articles&amp;utm_campaign=RDSUB&amp;keycode=WRA87V">here’s our best subscription offer.</a></em></p>

Downsizing

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Top tips to navigate the financial effects of COVID-19

<p><em>Please note: This story covers financial matters but it is general in nature and does not take into account your personal circumstances. Please consult your own financial advisor for more information.</em></p> <p>We are living in unusual times and COVID-19 has led to major changes in just about all parts of our life – including your retirement planning. So here, we’re giving you some retirement planning tips to help you find your way through all of these changes.</p> <p>Many of us have been working for the past couple of decades, saving our super and planning for our retirement, so we can relax and enjoy ourselves. And then along comes 2020 and the COVID-19 pandemic and everything changes. So how can you keep your retirement planning on track?</p> <p>Let’s take a look at what’s changed so far and how you can keep your retirement planning and finances on track, post COVID-19.</p> <p><strong>Tips for your retirement income investments</strong></p> <p>One of the effects of the current economic crisis is the fact interest rates have been cut and this is difficult for those who have long term investments as some of these returns will be cut as well.</p> <p>Companies have slashed dividends but this seems to be getting better but keep watching what’s happening on the stock market and check the movements here.</p> <p>It can be tempting to move from equities to other income-generating assets – and many people have turned to drawing down on their super to supplement their income.</p> <p>But if you’re tempted to sell stocks now, this could have a long-term negative impact on your investment objectives. By moving from a growth portfolio to a conservative portfolio – for example if you move from shares to fixed income assets - at the wrong time, this can affect your retirement savings greatly.</p> <p>It’s no surprise that if you’re around retirement age, you have the most to lose from this strategy. Financial experts say the best approach for long-term investors is to seek advice, but also to keep the faith and understand that markets – and dividends – will rebound.</p> <p>When considering stocks for a retirement portfolio, it’s best to take a ‘total return approach’. So, what else can you do in to help your finances during the pandemic?</p> <p><strong>Tips for weathering market volatility for retirement savings</strong></p> <p>This year’s market volatility and dividend cuts show how important it is to have a flexible plan for your retirement. While your adviser can tailor a strategy for your individual circumstances, here are some ideas to consider:</p> <p><strong>Ensure your portfolio is well-diversified </strong></p> <p>Research shows that if you have diversification across asset classes, local versus global markets, and even alternative investments not correlated to the market, this will help lower the volatility of returns and lessen the impact of any downturns.</p> <p>If you’re still working, aim to build a buffer of enough cash – or similar investments such as term deposits – to cover at least one year’s worth of living expenses.</p> <p>If you’ve recently retired and you have some liquid assets you can draw on outside of your super, this will help offset any reduced pension income.</p> <p><strong>Keep your money in super for longer</strong></p> <p>If you can afford to, it’s better to leave your money in your super as long as possible because every dollar you pull out now won’t be there to benefit from a future rise in value.</p> <p>Many Australians have already drawn on their super funds in this economic crisis and it means they’ll be under more pressure later on down the track. If you’ve converted your super into an account-based pension (ABP), you may take advantage of the government’s halving the mandatory drawdown limits until 30 June 2021 and reduce your pension withdrawals.</p> <p>If you’re in a platform or an SMSF, you have the flexibility to decide how to fund your ABP payment. On the other hand, retail or industry super funds will generally make the decision for you. In either case, speak to your financial adviser to get more advice in this area.</p> <p><strong>Check how your super funds are faring</strong></p> <p>Most Australians are investors in the share market through their super. Your super funds could invest in a range of investments including global shares, cash, fixed income, bonds, both listed and unlisted infrastructure, both listed and unlisted property, and private equity. Each of these has its own risk profile so while the market is quite volatile at the moment, there will be a higher risk for some assets.</p> <p>While you don’t select the assets your super fund invests in on your behalf, you do have control over how your super is invested more broadly by contacting your super fund and choosing an investment option. While the investment options differ from fund to fund, most offer options such as conservative, balanced, growth and high growth.</p> <p>If you don’t choose an investment option, the default option for most funds is either a balanced or growth option – and around 80% of Australian super accounts are invested in their fund’s default option. This means that for most Australians, while your super may have some exposure to higher-risk assets, this would be balanced by lower-risk assets.</p> <p>COVID-19 has made the investment market more volatile lately. If you’re close to retirement, it could be a concern for you if your super is invested in higher risk assets. At this time in your life, it could be a good idea to have your super invested in a more conservative investment option so you can speak with your super fund about this and they’ll give you advice – or you can consult your financial adviser.</p> <p><strong>Consider an annuity</strong></p> <p>Buying a term or lifetime annuity provides you with a guaranteed income stream over a chosen period, regardless of the sequence of investment returns. While an annuity will give you peace of mind, the returns tend to be lower than other higher risk investments, which may not be suitable for everyone, so take this into account.</p> <p><strong>Review your spending plans</strong></p> <p>It’s generally known that new retirees generally spend more than they do later in retirement. Now is a good time to review your spending plans. While COVID-19 is forcing people delay their big trips, any other steps you can take to reduce your spending now will minimise the impact on your retirement portfolio.</p> <p>If you’re approaching retirement you may be thinking about downsizing your family home. This means you need to sell it and purchase a smaller property or a unit in a retirement village. It could be an ideal time to act on this as real estate prices are at an all time high.</p> <p>This is a good idea because you can use the extra money you’ll have from selling your home to supplement your super or you could use it as extra liquidity during your retirement.</p> <p>Also, if you’re on the age pension, you need to be aware when you sell your family home, the money you've gained from downsizing will count towards your means test. Therefore, if you end up with a great deal of extra income, this could result in a reduction, or even the cancellation of your age pension.</p> <p>If you’re aged over 65 and you’ve lived in your family home for 10 years or more, you can contribute up to $300,000 individually, or $600,000 as a couple, from the sale of your home into your superannuation.</p> <p>This move can really help you boost the income you can generate in retirement. But before you go down this path, there are some extra eligibility criteria for these large contributions to your super, so you may need to get advice and check if you’re eligible.</p> <p>Ask your financial adviser about these contributions to your super – usually referred to as ‘Downsizer Contributions.’ These contributions can count towards your Age Pension assets test so check all of this out when you do your planning.</p> <p>As you can see, downsizing is not as easy as you might first think so it’s best to speak to your financial adviser about the best options for your circumstances.</p> <p><em>Photo: Shutterstock</em></p> <p> </p>

Money & Banking

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Tips to make the most of downsizing

<p>If you’re struggling to justify “the empty nest” now that the kids have (finally) moved out, you may have considered downsizing. At least 1.6 million Australians feel the same way – up 30% from last year, <a rel="noopener" href="https://switzer.com.au/the-experts/peter-switzer/honey-ive-shrunk-the-family-home/" target="_blank">new research shows.</a></p> <p>Downsizing is looking for a smaller, more manageable place. With a smaller square metre count comes other decisions – do you want to make a seachange? Treechange? Or swap the suburbs for something swankier in the inner city? Though selling your old three-bedroom in the suburban fringes may fetch a great price, will it be enough for something more upmarket? Can you get finance as a pensioner or self-funded retiree?</p> <p>Some of us want to downsize into something more accessible. As our mobility decreases, as much as we hate to admit it, climbing stairs just to get to bed becomes more and more of a pain.</p> <p>No matter what you’re looking for, here are some tips to make the most of your downsizing – so you can have as a hassle-free experience as you can.</p> <p><strong>What’s your plan?</strong></p> <p>Like all things in life, we all have to make plans. Where do you want to live? How many bedrooms is best? Do you want to be closer to the family or somewhere with great amenities such as doctors, shopping, gyms, and cafes? Do you want to join a retirement community for companionship and some form of managed service? This all has to factor into what you intend your life to look like as a retiree.</p> <p><strong>Prepare for downsizing with decluttering</strong></p> <p>Your home has accumulated a lot of memories over the years – <a rel="noopener" href="https://www.templeandwebster.com.au/style-and-advice/Peter-Walshs-5-best-decluttering-tips-E10085" target="_blank">and a lot of junk</a>. But, as the saying goes, one man’s trash is another man’s treasure. If something sitting in the back cupboard has more than a fine coating of dust on it, it’s probably best to give it away or sell it. You should also have an impartial friend help with getting rid of your junk – so you can keep on task and be free of sentiment.</p> <p>You could even make a bit of money by selling some things on Gumtree or eBay – or hold a garage or yard sale.</p> <p><strong>Downsizing may mean upgrading – your finance options</strong></p> <p>If you’re looking at units, homes, and communities and balking at the prices of some of the properties on offer, you aren’t alone. It’s common to see that the sale of your home may not cover the purchase price of the smaller home in a more desirable location.</p> <p>Savvy Managing Director Bill Tsouvalas says retirees that intend to buy a home with high equity and a shorter loan term should <a rel="noopener" href="https://www.savvy.com.au/home-loans/compare-home-loans/" target="_blank">compare their available options</a> and may be able to gain access to the funds they require. “As long as a retiree passes the eligibility criteria, has some kind of income, and is prepared to decrease the loan term, they can get approval for a home loan for a downsized property. You may need to commit to an exit strategy such as lump sum repayments or ongoing income from superannuation to ensure the loan repayments are fulfilled.”</p> <p><strong>Looking at government incentives</strong></p> <p>The Federal Government offers seniors incentives to assist with downsizing. The major incentive revolves around superannuation contributions. People aged 65 or over can make an after-tax contribution of up to $300,000 into their super from the proceeds of selling their home. The voluntary contribution and $1.6 million balance rules are waived. However, the house must have been your principal residence for at least 10 years.</p> <p>Other states and territories also offer <a rel="noopener" href="https://nationalseniors.com.au/news/latest/stamp-duty-concessions-across-australia" target="_blank">stamp duty waivers for seniors</a> looking to downsize.</p> <p><strong>Always get impartial advice</strong></p> <p>Whether it comes to decluttering, finding a smaller place, or getting finance for your dream retirement home, you should always get impartial advice from accountants, lawyers, and home loan brokers. It can save you a lot of time and heartache.</p> <p> </p> <p><strong><em>This is a sponsored article produced in partnership with </em></strong><a rel="noopener" href="https://www.savvy.com.au/home-loans/compare-home-loans/" target="_blank"><strong><em>Savvy</em></strong></a><strong><em>.</em></strong></p>

Downsizing

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It works like magic!

<p>For Romina and Les, all the stress of deciding whether to downsize or stay in their beloved two-storey home was resolved with one simple text from a friend.</p> <p>“Every time I put my foot in the lift, I am so thankful,” says Romina, who installed a RESiLIFT six months ago.</p> <p>Romina and Les have joined thousands of people around Australia who are celebrating the convenience and joy of staying in the home they love, like Beth and Lyndsay (pictured above) who were one of the first customers to install a lift 15 years ago!</p> <p>Romina and Les (pictured below) lived on a large property in Mornington Peninsula, Victoria, for more than 30 years. As the property became too big to maintain, they decided to subdivide the land.</p> <p>Les, a builder by trade, built a beautiful double-storey Georgian Style house at the front of the property which they moved into 12 years ago. Little did they realise what a problem having a double-storey home would be ten years later.</p> <p>In recent years, Romina developed Neuropathy, a condition where she has numbness in her feet and toes, therefore losing control of her feet. The stairs in their home are now an “accident waiting to happen”.</p> <p>The pair’s adult children were so concerned for their safety they encouraged them to sell and move to a single-level home. But the very idea was heartbreaking for Romina and Les.</p> <p>Over several decades they had accumulated so many memories associated with their property, not to mention they didn’t want to uproot and leave their local community and networks.</p> <p>In the midst of their conundrum, Romina received a simple text from a friend. It was a photo of a lady in a <a rel="noopener" href="https://resilift.com.au/?utm_source=Readers%20Digest&amp;utm_medium=enews&amp;utm_campaign=article&amp;utm_content=Magic" target="_blank">RESiLIFT</a>. From that moment, Romina and Les realised that they did have an alternative to moving home! This newfound insight gave them sheer joy.</p> <p>Within weeks Romina and Les installed a RESiLIFT.</p> <p>“It works like magic!” says Romina, “The whole house is under my feet!”</p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841358/resilift-hero-6.jpg" alt="" data-udi="umb://media/005e88c7b4f54aec8e58ff321b2cb123" /></p> <p>With just the simple press of the button, Romina and Les can travel freely between the two floors of their home.</p> <p>Occupational Therapist Louisa King, for Community OT, says, “Whether you are going to stay in your family home as you age or move to something smaller, is a difficult but important decision. There are many factors which will determine the right choice for an individual, but the key is making their decision before it is too late.”</p> <p>Fortunately for Romina and Les, their lift installation was just in the nick of time as Les had an unexpected health issue.</p> <p>“There is only a limited window for people to make this decision.” Louisa says. “Ideally in their 60s or early 70s, people weigh up their options and implement their decision before the task becomes too big and decisions are made for them. Louisa has worked alongside many people in this situation.</p> <p>“The lovely thing about installing a RESiLIFT is that it allows people to remain in their family home, which is often part of their identity.”</p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841357/trl_view-02_a05.jpg" alt="" data-udi="umb://media/dae5d99d909046dd979dff75f2aef0a1" /></p> <div id="primary" class="contentAreaLeft"> <div class="Maincontent"> <p>With the bedroom upstairs and the living area downstairs, Romina had to minimise going to her room during the day, for a number of years, prior to having the lift installed. Each morning she would bring everything she needed for the day with her to the lower level to avoid unnecessary trekking up and down the stairs.</p> <p>For Les and Romina, installing a home lift was a game-changer. Not only could they now stay in the home they love, they knew their home was now safe. Despite still being in a two-storey home, their new day-to-day experience is like living in a single-level home.</p> <p>As is often the case, the initial reason to consider a lift became more urgent when Les unexpectedly became unwell and required a walker.</p> <p>While Les was in hospital, Romina organised a RESiLIFT to be installed as a surprise to Les. When he came home, he initially didn’t notice the lift because it blends in so nicely with the surrounds. However, once he realised, he couldn’t believe it!</p> <p>Romina and Les have come out the other end of many years of worrying about what to do. “What the lift has meant for us is more than just a lift! It’s removed the stress and worry about the danger of the stairs and the urgency of downsizing to a single-level home. All the stress was resolved with one simple decision, to install a RESiLIFT.</p> <p>“We are thrilled that we can now stay in our home forever!” says Romina.</p> <p><strong><em>This is a sponsored article produced in partnership with<span> </span></em></strong><a rel="noopener" href="https://resilift.com.au/?utm_source=Readers%20Digest&amp;utm_medium=enews&amp;utm_campaign=article&amp;utm_content=Magic" target="_blank"><strong><em>RESiLIFT</em></strong></a><strong><em>.</em></strong></p> </div> </div>

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Join the footloose retirees who are saving money for retirement AND exploring great lifestyle locations

<p dir="ltr"><strong>In the space of just six years, NSW couple Vicki and Mark Rayner have been able to save money for their retirement and moved to three different lifestyle-rich locations - all thanks to the land lease living model.</strong></p> <p>The Rayners are part of a growing group of footloose retirees who are exploring the new places and friendly faces which can be found across<span> </span><strong><a rel="noopener" href="https://hometownaustralia.com.au/" target="_blank">Hometown Australia’s 52 communities</a>.</strong></p> <p>These homeowners are taking advantage of the significant financial benefits of land lease living, which includes being able to release equity from their family home and move without paying stamp duty or exit fees.</p> <p>These same financial benefits make it easy for homeowners to move to, and test out, some of Australia’s best known coastal holiday spots, where Hometown Australia communities are located. Read on to find out more.</p> <p><strong>Rayners have moved three times in six years</strong></p> <p>In 2015, Vicki and Mark Rayner sold their four bedroom house in Penrith and moved to Hometown Australia’s Valhalla community at Chain Valley Bay, on the foreshore of Lake Macquarie.</p> <p>“We loved the area as it was right on the lake and the brand new homes that were on offer were beautiful and were the right price,” Vicki said. </p> <p><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841315/downsizing-article-1.jpg" alt="" data-udi="umb://media/e2bf07a40b2943f594435163dffa9944" /></p> <div> <div style="text-align: center;"><em>Vicki and Mark Rayner at their home at The Dunes in Sussex Inlet</em></div> </div> <p>By moving to Valhalla, the Rayners were able to top-up their retirement funds, due to the significant price differential between their former house and their new and less expensive three-bedroom land lease home. </p> <p>After three years living at Chain Valley Bay, Vicki and Mark decided on a literal “sea change” to Hometown Australia’s Beachfront community Hallidays Point on the NSW Mid-North Coast.</p> <p><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841314/downsizing-article-2.jpg" alt="" data-udi="umb://media/0449900849a24fb7ba79bb2056fd5bd9" /></p> <div> <div style="text-align: center;"><em>Aerial photo of the Hometown Australia Beachfront community at Halliday's Point on the NSW Mid-North Coast</em></div> </div> <p>“We came across the beachside properties up at the community at Hallidays Point and we loved the location,” Vicki said. </p> <p>“We were ready for a change and that’s one of the luxuries of land lease living. There were no exit fees, selling fees or stamp duty on our home so financially it was a good move too. </p> <p>“The move was easy. We put our home on the market with Hometown Australia, waited for a buyer and then everything fell into place. The whole process took three months.”</p> <p>When moving into Hallidays Point, Vicki and Mark downsized to a two-bed home with bigger living areas and a bigger backyard and were able to top up their equity again. </p> <p>At the end of 2020, Vicki and Mark moved to another Hometown Australia community, The Dunes at Sussex Inlet on the NSW South Coast.</p> <p>“We’ve always loved the South Coast but couldn’t find anything to buy when we first retired,” Vicki said. “We were down here at the end of last year and came across The Dunes community. It’s a lovely spot so we put our house on the market and here we are.”</p> <p><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841313/downsizing-article-3.jpg" alt="" data-udi="umb://media/01236a1d3c7448189abe3673e6013547" /></p> <div> <div style="text-align: center;"><em>Hometown Australia's Beachfront community at Halliday's Point includes a spacious pool and community centre</em></div> </div> <p>“The mobility and flexibility of land lease living is absolutely a benefit. </p> <p>“It’s allowed us to move around and live in different areas in a cost-effective way.</p> <p>“Moving between Hometown Australia communities we’ve also had the benefit of knowing what to expect and have always been surrounded by like-minded people of a similar age with similar interests.”</p> <p>“We’ve made friends with many other couples and there’s always so much to get involved in. All locations have a community hall and offer a range of activities and social gatherings. On Australia Day there’s always a sausage sizzle and on Anzac day a small ceremony.” </p> <p><strong><a rel="noopener" href="https://hometownaustralia.com.au/" target="_blank">Find out more about Hometown Australia’s communities here</a></strong></p> <p><strong><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841312/downsizing-article-4.jpg" alt="" data-udi="umb://media/a491f77d528c42e882c867d98ae472cb" /></strong></p> <div style="text-align: center;"><em>An interior photo of the community centre at Hometown Australia's Beachfront at Halliday's Point</em></div> <p>Hometown Australia land lease living has also provided the Rayners with financial security.</p> <p>“We’ve been really happy with the return we’ve got when we’ve sold our homes,” Vicki said. “They’ve all gone up in value so, while you pay more for your next home, your current one has risen too.</p> <p>“We’ve always felt very secure and looked after as part of Hometown Australia communities. For us it’s been the best move we ever made.”</p> <p><strong>About land lease living in a Hometown Australia community</strong></p> <p dir="ltr">Some 10,000 residents currently live in Hometown Australia’s land lease communities, located across Queensland, NSW and South Australia. </p> <p dir="ltr">These communities are in attractive locations, including Queensland’s Sunshine Coast, Moreton Bay and Gold Coast regions, NSW’s Mid-North, North Coast and Port Stephens regions and South Australia’s Fleurieu Peninsula.</p> <p dir="ltr"><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841311/downsizing-article-5.jpg" alt="" data-udi="umb://media/fd0684eb33ab4b0aa2aaf0035685fe99" /></p> <div> <div style="text-align: center;"><em>Hometown Australia communities are located right across Australia, including the Sunshine Coast</em></div> </div> <p dir="ltr">Most communities contain a range of resort-like features to keep residents active and socially connected, including pools, tennis courts, restaurants, community areas and bars.</p> <p dir="ltr">Residents in these communities purchase a dwelling and then benefit from a secure, long-term ground lease for this dwelling with Hometown Australia.</p> <p dir="ltr">The land lease living model provides many financial and lifestyle benefits.</p> <p dir="ltr">Firstly, Hometown community homes start at just $250,000, with most of these having two or three bedrooms, a study, and either 1.5 or two bathrooms. </p> <p dir="ltr"><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7841310/downsizing-article-6.jpg" alt="" data-udi="umb://media/d47d86fcc3444129a5d00c15ad1dbd7d" /></p> <div style="text-align: center;"><em>The Shore Break home design at Hometown Australia's The Dunes community at Sussex Inlet</em></div> <p dir="ltr">The affordable price point of these homes allows many retirees to top up their retirement savings, after selling their family home and moving into a Hometown community.</p> <p dir="ltr">In addition, because no land is actually being purchased, buyers don’t have to pay stamp duty or ongoing council rates. This is a further saving of many thousands of dollars.</p> <p dir="ltr">In addition, there are no exit fees when you leave a Hometown Australia community.</p> <p>These two features make it easy for residents to move between communities and explore new locations. </p> <p>This compares to owners of general apartments or houses, who need to pay stamp duty every time they move, and residents of retirement villages and some other land lease operators, who need to pay exit fees when they move out.</p> <p>Finally, because of the ground lease arrangement, residents are often eligible to claim rent assistance via the<span> </span><a rel="noopener" href="https://www.servicesaustralia.gov.au/individuals/services/centrelink/rent-assistance/how-much-you-can-get#a1" target="_blank">Commonwealth Rent Assistance<span> </span></a>scheme, to offset their monthly site fees.</p> <p><strong><a rel="noopener" href="https://hometownaustralia.com.au/" target="_blank">Find out more about Hometown Australia’s communities here.</a></strong></p> <p><em>This article is written in partnership with Hometown Australia. </em></p>

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Five reasons to downsize to one of the hidden gems of retirement living

<p>When it comes to moving house, not only do we have to consider where we will be moving to, but also how big or small our next home should be – especially when we’re looking to settle down more permanently.</p> <p>Our lifestyle and needs also change as we grow older, so finding a home that fits a variety of needs can be overwhelming. Whether you want a smaller garden that can be easily tended to or you are looking for more support to look after your health, choosing to<span> </span><a rel="noopener" href="https://www.oversixty.com.au/lifestyle/retirement-life/3-crucial-things-to-consider-before-downsizing-or-in-other-words-rightsizing" target="_blank"><em>rightsize</em></a><span> </span>your next home can help you set up the life of your dreams.</p> <p>Retirement living is built with those nearing retirement in mind, offering the lifestyle and practical benefits many of us are looking for as we head into retirement.</p> <p>As for<span> </span><em>where</em><span> </span>to settle down, why not consider Penrith, just 50km west of the Sydney CBD? As one of the hidden gems of retirement planning, Penrith is home to plenty of rightsizing opportunities – such as<span> </span><a rel="noopener" href="https://www.retirementbylendlease.com.au/kingfisher-grove/" target="_blank"><span>Kingfisher Grove Retirement Living by Lendlease</span></a> – that offer outstanding retirement living options and a multitude of other benefits.</p> <p>Kingfisher Grove provides the best of both worlds: Bordered by Wianamatta Regional Park, residents can experience the bush right outside their home, while having the convenience of Woolworths shopping centre, medical centres, gyms and cafés just across the road. All homes are architecturally designed to take advantage of natural light and give a sense of space, with open-plan layouts, air-conditioning and quality appliances. But above all, residents are surrounded with a great community of like-minded neighbours with exclusive access to the resort-style Community Centre. The Community Centre will feature an indoor pool, cinema, gym, bar, library, craft room and dining area.</p> <p>Still unsure? Here are five more reasons why you should set your sights on Penrith.</p> <p><strong>1. A strong sense of community</strong></p> <p>Staying connected to your friends, family, and local community is part of what makes retirement so enjoyable. Since we are social animals, having a strong sense of community and avenues to connect with others not only helps you feel good, but also helps with mental and physical health.</p> <p>That’s why retirement villages like Kingfisher Grove establish such a strong sense of community in their areas. Whether you would prefer to live in a villa or an apartment, you will get to interact with your neighbours in your day-to-day comings and goings, as well as when you visit the exclusive clubhouse and other facilities.</p> <p><a rel="noopener" href="https://www.retirementbylendlease.com.au/kingfisher-grove/" target="_blank"><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7840919/pool-shot_hires.jpg" alt="" data-udi="umb://media/42b42f1988284a3fa963336ba0cd8257" /></a></p> <p>Outside of the retirement community, there are still plenty of ways to connect with your community. Joining community groups such as the local<span> </span><a rel="noopener" href="https://directory.wayahead.org.au/service/6976/" target="_blank">Men’s Shed</a>,<span> </span><a rel="noopener" href="https://ownnsw.org.au/get-involved/join-group/penrith/" target="_blank">Older Women’s Network</a>, historical societies, and<span> </span><a rel="noopener" href="https://www.probussouthpacific.org/microsites/penrithcity" target="_blank">Probus club</a><span> </span>gives you the opportunity to meet new people, share skills and have a laugh over a cuppa. Or you can head down to<span> </span><a rel="noopener" href="https://penrith.panthers.com.au/" target="_blank">Panthers Penrith</a><span> </span>and join in on the club’s regular bingo, trivia nights, and raffles.</p> <p><strong>2. Everything you need at your doorstep</strong></p> <p>Just 7km away from Penrith CBD, you will find Jordan Springs. As one of Penrith’s newest suburbs, this suburb is situated right between Penrith and St Marys. With hospitals nearby – including the newly redeveloped Nepean Hospital – you can find all of the resources and care you’ll need.</p> <p><a rel="noopener" href="https://www.retirementbylendlease.com.au/kingfisher-grove/" target="_blank"><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7840917/kingfisher-04.jpg" alt="" data-udi="umb://media/9aec3b30b46444eaa7f8acd217fa77bd" /></a></p> <p>What about when family comes to visit, or if you need to travel to Sydney? Whether you prefer to drive or travel by public transport, it’s easy to get around. Jordan Springs is close to both St Marys and Penrith train stations for those who choose the 45-minute trip into the city, and it’s just a 15-minute drive from the entrance to the M4. At Kingfisher Grove there is a bus stop just outside the village and Woolworths shopping centre with a breadth of shops, medical centres, pharmacies and cafés just across the road!</p> <p><strong>3. Low-maintenance living</strong></p> <p>As we start thinking about settling down for retirement, finding the right-sized home to suit our needs becomes even more crucial.</p> <p>Retirement communities often offer a variety of different housing options to suit everyone’s needs. For example, Kingfisher Grove offers a combination of single storey, level access villas featuring two or three bedrooms, with single or double garages. The village will also offer one, two or three bedroom apartment layouts across three low-rise buildings, all of which have exquisite views over Wianamatta Regional Park.</p> <p><a rel="noopener" href="https://www.retirementbylendlease.com.au/kingfisher-grove/" target="_blank"><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7840916/kingfisher-02.jpg" alt="" data-udi="umb://media/465cafe79fc54065afce2ed37a6efe3d" /></a></p> <p>For those who need extra care, Kingfisher Grove has partnered with Catholic Healthcare to build an aged care facility right next door. Once completed, this facility will offer the right level of care for those who need it.</p> <p><strong>4. Surround yourself with picturesque landscapes</strong></p> <p>Getting away from the hustle and bustle of the city can become more and more appealing as we get older. Luckily, Penrith offers the perfect mix of urban living and proximity to nature.</p> <p><a rel="noopener" href="https://www.retirementbylendlease.com.au/kingfisher-grove/" target="_blank"><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7840915/kingfisher-03.jpg" alt="" data-udi="umb://media/fd3ff0e9e4c74a14aa1504c6eb3e7c32" /></a></p> <div id="primary" class="contentAreaLeft"> <div class="Maincontent"> <p>Situated in Jordan Springs, Kingfisher Grove offers 17 hectares of gorgeous parks and open space, including a huge lake at the heart of the community, for you to wander through and reconnect with nature.</p> <p><strong>5. Plenty to do</strong></p> <p>There are plenty of things to do in and around Penrith. From shopping to staying active mentally and physically, you’ll be spoilt for choice.</p> <p>If you’re the outdoorsy type or take pleasure in walking while enjoying the scenery, Penrith is home to<span> </span><a rel="noopener" href="https://www.penrithcity.nsw.gov.au/facilities-recreation/outdoor-recreation/great-river-walk" target="_blank">The Great River Walk</a>. Following the Hawkesbury-Nepean River, the Great River Walk is a great spot for picnicking, bird watching and learning about the history of the local area. Along the way, you can also catch free contemporary art at the Penrith Regional Gallery and take a break at its café.</p> <p>Or, if you are looking to learn some new skills or follow academic interests,<span> </span><a rel="noopener" href="https://www.u3apenrith.org.au/" target="_blank">The University of the Third Age (U3A) Nepean-Blue Mountains</a><span> </span>offers courses specifically for seniors. These courses are available in a range of subject areas, from arts and crafts, language and acting to philosophy, hospitality and computing.</p> <p>Penrith council also runs two senior centres that host social events and are home to bridge, dance, and computing clubs.</p> <p>So what are you waiting for? To beat the rush to this hidden gem of retirement living on Sydney’s doorstep, visit<span> </span><a rel="noopener" href="https://www.retirementbylendlease.com.au/kingfisher-grove/" target="_blank">Kingfisher Grove</a><span> </span>Retirement Village for more information, or book a<span> </span><a rel="noopener" href="https://www.retirementbylendlease.com.au/tea-and-tour/nsw/" target="_blank">Tea and Tour</a><span> </span>for an up-close inspection.</p> <p>Kingfisher Grove is now taking expressions of interest for brand new apartments in their Stage 2 Release, with prices ranging between $430K – $735K. Don’t miss out this incredible opportunity!</p> <p><strong><em>This is a sponsored article produced in partnership with<span> </span></em></strong><a rel="noopener" href="https://www.retirementbylendlease.com.au/kingfisher-grove/" target="_blank"><strong><em>Kingfisher Grove</em></strong></a><strong><em><span> </span>Retirement Living by Lendlease</em></strong><strong><em>. </em></strong></p> </div> </div>

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