Downsizers slowly taking the bait but complications abound

When it comes to the issue of downsizing from a larger property to a smaller one, the economy is doing what the government had previously been unable to encourage.

With the cost of living soaring and house prices having boomed over the past few years, many households, especially in the older demographic, find themselves ‘house rich’ but ‘cash poor.’

A growing number of Australians are planning to downsize their homes, with some hoping to access…