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  • Older Australians are downsizing their homes and building their super

    The Downsizer Measure, which started on 1 July 2018, allows older Australians choosing to sell their home and downsize, or move from homes that no longer meet their needs, to contribute up to $300,000 of proceeds from the sale into super.

    From 1 July 2018 to 27 June 2019:

    • 4,246 people have used the measure
    • 55% of contributions have been made by females and 45% by males
    • people from every state and territory have made a downsizer contribution with the top three states being: NSW (31%), VIC (26%) and QLD (24%).

    The Downsizer Measure was one of several super measures announced in the 2017–18 Federal Budget.

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      Last modified: 19 Jul 2019QC 59718