Monthly Musings

In this “Monthly Musings” for the month of September we will provide our Market and Economic Conditions Update for the month, introduce a brand new episode of our short video series 3 Minute Tech titled  “Paid Parental Leave”, present an overview in our Focal Point section on “Downsizer Contributions”, and, feature a brand new episode of our “Finding the Front” podcast with Nathan Blackburne, Managing Director of of one of Australia’s leading property developers, Cedar Woods Properties. This certainly provides a great insight into Nathan’s very interesting journey but also the current state of the Australian housing market.

As always, we hope you enjoy.

Episode 38: Paid Parental Leave

Downsizer Contributions

Back in 2018 the government introduced the ‘Downsizer Contribution’ to enable home owners to contribute up to $300,000 into superannuation following the sale of their residence.  This was originally subject to a minimum eligibility age of 65, however over time this condition has been reduced to age 55. Accordingly, given the opportunity available, according to recent statistics collected by the ATO, approximately $20 billion has now been contributed under these provisions over the previous 6 completed financial years.