Downsizing Home Loans in Perth - Free Up Equity for What Matters

The kids have moved out, the garden is too big, and there's a lot of money tied up in the family home. Downsizing can release that equity and cut your upkeep, but the finance isn't always simple, particularly if you're close to retirement or need to buy before you sell.

Launch Finance helps Perth downsizers move from the family home to a townhouse, villa or apartment with a finance plan that fits their stage of life.

What Perth downsizers should know

• Downsizer super contribution. Eligible homeowners aged 55 and over can contribute up to $300,000 each from the sale proceeds into super
• No downsizer duty exemption. WA transfer duty still applies to your new purchase
• Bridging finance lets you buy the new home before the family home sells
• Borrowing later in life is possible with a clear plan to repay the loan

Can I get a home loan if I'm close to retirement?

Yes, although lenders look harder at how the loan will be repaid. Expect questions about your planned retirement age, your superannuation and whether the sale of your current home will clear the debt. Some lenders set a maximum age at the end of the loan term, while others are more flexible. We know which lenders are comfortable with older borrowers and shorter loan terms.

Will downsizing affect my Age Pension?

It can. Your home is exempt from the pension assets test, but money released from the sale generally is not. Sale proceeds held in the bank or contributed to super may be counted and could reduce your entitlement. We recommend speaking with a licensed financial adviser or Services Australia before you sell, and we're happy to work alongside your adviser.

What happens next

A 15-minute discovery call. We estimate the equity you'll release, check your borrowing options if you need a loan or a bridge, and map out the timing of your sale and purchase.

Call 08 9367 4222 for a free, no-obligation chat. Or request a callback at a time that works for you.