Quote:
Originally Posted by Merlin66
Rick,
Sounds good....until you have to sell the home! To downsize and acquire more funds to "put in the box"
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I am in Mackay, property here is already downsized after the mining crash, some people would have sell at a $100,000 loss. Downsizing here only means you are moving to a smaller dwelling not necessarily a cheaper one.
They always make the rules for capital city dwellers who tend to have bigger incomes and high priced houses.