Buy Rent
You must specify a region, suburb, postcode or property ID ×
Any property type House Unit/Apartment Townhouse Duplex/Semi/Villa Penthouse Studio Terrace Land / Development Acreage Holiday Accommodation
Any bedrooms 1+ 2+ 3+ 4+
Any bathrooms 1+ 2+ 3+ 4+
Any parking 1+ 2+ 3+ 4+
This measure will apply to a principal place of residence held for a minimum of 10 years. Both members of a couple will be able to take advantage of this measure for the same home, meaning $600,000 per couple can be contributed to superannuation through the downsizing cap.
No - These contributions will be in addition to any other voluntary contributions that you are able to make under the existing contribution rules and concessional and non-concessional caps.
It is hoped that this measure will encourage some people to downsize into housing that is more suitable to their needs, freeing up larger family homes for younger families.
It will assist people aged 65 and over who are currently unable to contribute all or any proceeds of the sale of their home into superannuation because of the existing restrictions and caps.
Yes. Any change in the person's superannuation balance as a result of this measure will count towards the Age Pension assets test.
No. Only people who have remaining transfer balance cap space will be able to convert their contributions into a pension phase account where earnings are tax-free.
No. Restrictions on non-concessional contributions for people with balances above $1.6 million will not apply to contributions made under this new special downsizing cap *Source: http://www.budget.gov.au/2017-18/content/glossies/factsheets/html/HA_15.htm
Please enter Office Name
Please enter Agent Name
Please enter your Name
Please enter your valid Email Address
Please enter a valid Contact Number (Either Home Phone or Mobile/Cell)
Please enter your Enquiry
Subscribe to our newsletter for more eBooks, latest research, market updates, suburb reports, offers & more
Thank you for downloading this book. It will arrive in your inbox shortly!
We thought you might enjoy the following from our blog and resource library
State NSW/ACT VIC/TAS SA/NT QLD WA Please select your state
I agree to subscribe to our newsletter for more eBooks, latest research, market updates, suburb reports, offers & more Please check I agree for subscribe to our newsletter
Subscribe to our newsletter
We will not post anything without your consent
By signing up, I agree to the Privacy Policy and Conditions of Use
Forgot your password?
Forgot your password? Don't worry we'll email you instructions to reset your password. Enter your email address here.
Please enter your message
Send me financing information
Receive email alert