The number one reason downsizers aren’t moving
Nearly one in three Australians aged 50 and over say the hassle of packing up and moving is the main reason they haven’t downsized.
A new report by GemLife and Realestate.com.au found that while many empty nesters aspire to move into lower-maintenance homes and enjoy a better lifestyle, emotional ties and limited options often hold them back.
Encouraging older homeowners to transition into more suitable housing is key to improving supply. Many continue to live in large family homes long after their children have moved out, even as demand for those properties grows.
The report found that 80% of Australians aged 55 and older live in one- or two-person households, while 85% have two or more spare bedrooms – highlighting how much potential housing space remains underused.
Whether you’re upgrading, downsizing or investing, R&W Mosman/Neutral Bay provides informed advice and trusted expertise in Sydney’s premier suburbs. Contact us on (02) 9969 7622 or info@rwm.com.au for a confidential discussion.