Often owning just one or two good quality properties long term can produce better outcomes than chasing short term gains by 'flipping' properties. Yield Financial Planning Managing Director James McFall looks at why holding good quality property for the long term could prove a better wealth creation strategy for your future.
If you are considering downsizing your home, it’s likely you are getting close to retirement or are already retired.
This is a smart strategy to explore and could well be the best decision, but it isn’t always and as with every financial decision, should be planned. Property decisions in particular should be planned as it is very expensive to buy and sell.
To help with the decision we’ve outlined the 6 essential considerations of downsizing.