Brighter Buying

#5 Downsizer burbs growing in popularity

by Kate Watt, Marketing Manager 16 June 2022

Currently anyone aged 65 years and over can sell their home and put up to $300,000 in their superannuation without financial penalty.

So, where should Brissie downsizers look to build the next chapter in life?

“This buying group has a wide range of options open to them. Most have flexible budgets and have also enjoyed rising property values in the past few years, meaning a big chunk of equity to spend on their next home,” report valuers Herrod Todd White in their April Month in Review report.

“We are seeing plenty of activity in the unit and townhouse market with downsizers, which makes sense. They want to live in something that’s easy to maintain and has a lock-and-leave option for travelling opportunities.”

Of course the cashed up empty nesters and retirees with million dollar budgets are lapping up prestige riverfront units.

But for the more typical Brissie downsizer, two north side Brisbane burbs are providing hard to beat.

Chermside is emerging as a popular option – and it’s no surprise. With great public transport, shops, hospitals, cafes and restaurants, this hot spot is worth a look.

Further out, retirees looking to maximise lifestyle and minimise budget stress are finding good value in suburbs like Taigum where $300,000 to $500,000 can get you into a villa.

Then there’s the lifestyle burbs for those wanting a tinnie and a fishing line: Sandgate, Shorncliffe, and Brighton are the north side picks here.

Ready to step into your next chapter? View our current listings for sale or talk to us about selling.