Downsizing your home is an exciting opportunity, whether it's prompted by retirement or your kids leaving home. It offers a chance to reduce your living costs, minimize home maintenance, and free up your lifestyle. However, there are common pitfalls—like unexpected strata fees, restrictions on pets, and even scams in the retirement village sector—that can turn this process into a stressful experience. Here's how you can avoid these pitfalls and how a buyer’s agent can help ensure your downsizing is smooth and less risky.
Treasury has confirmed the exemption many families were hoping for. But buried in the fine print are two conditions that could leave some wills on the wrong side of the exemption, despite years of careful planning.
Lithium's latest sell-off has punished ASX miners as prices remain hostage to shifting expectations. The key challenge is navigating a market prone to extreme volatility despite a strong case for the long-term demand outlook.