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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
Hello, If I sell my home for $745,000 and thats the only monies I have and I will be purchasing a new home within the 12 month period will my full pension be cut down?
We took the step to downsize into a purpose built home when were approaching our 70’s.
The result has been a spectacular success.
We have no energy costs in an all-electric, solar powered, grid connected home.
Everything in the design has been done with an eye to “ageing-in-place” – no steps between inside and out, no door sills to trip over, wide doors throughout, lever taps, low maintenance surfaces, long life lighting, etc.
Plus, we have great natural light and ventilation that produces a healthy indoor environment.
And, it was not an expensive home compared to typical “project home” costs