Love a new home

You'll fall in love with our five downsizing options that aren't a retirement village.

Woman in hammock

Tiny homes

Cute or crazy? Tiny homes are all the rage following on from hit TV shows featuring the sensation in both the US and now Australia. They are literally what the name suggests, tiny homes (almost a cross between a caravan and a small apartment). The first tiny-home auctions in Australia were held in Melbourne late last year, with plenty more expected in the future. Tiny Homes Australia employs 14 carpenters and builders who design and build tiny houses for sale to the public. A larger tiny home with loft bedroom and pitched roof retails for around $80,000. They're cheap, movable and can be fitted out with all the modcons you can expect in a regular size home.

Beachside pad

Imagine waking up to views of the ocean and feeling the sand between your toes on your evening walk. While a beachside pad on Bondi Beach might be out of the price range, there are still plenty of beachside bargains just waiting to be had. You can still get beachside places for less than $300,000 in areas like Wonthaggi (Vic), Stuarts Point (NSW), Cape Jervis (SA) and more. In fact, you can get a beachside place along Victoria's famous 90 mile beach in the town of Seaspray for less than $200,000.

Country villa

If you're in search of greener pastures a tree-change to a country property could be for you. As city prices skyrocket it could be a good time to ditch the traffic and embrace the fresh air of country living. Going country also doesn't necessarily mean remote – there are affordable leafy areas within a 90 minute drive of suburban Melbourne. Areas like Churchill, Moe and Morwell will see you within a 2 hour drive of the city at an affordable price in Victoria. Our office favourite is Red Cliffs along the pretty Murray River township about six hours from Melbourne. Or if you're in NSW you could try Hunter Valley, Tamworth or Southern Highlands for your dream country place.

Overseas destination

The overseas retirement has been booming for years. Places such as Bali and Thailand are most popular due to the close proximity to Australia, making it easy to return to visit family, friends or for health care reasons. But you don't need to stick to the usual – other Indonesian islands such as Lombok and Java are becoming more popular with expats wanting to stay away from the busy tourist centres. The biggest advantage is the affordable costs of home help such as cleaners and gardeners, giving you more time to do what you love.

Why not have it all?

Sell the family home, make a move but keep an apartment in town for those special occasions. Rent it out the rest of the year and get a decent yield. Sites like Airbnb have made renting out your home without an agent simple – just make sure you have the relevant insurances in case of any accidents.

Ready to downsize?

As part of your TelstraSuper membership you are entitled to general advice over the phone about your super at no additional cost. Call 1300 033 166 or fill out our online form to arrange a time to speak to an Adviser.

From 1 July 2018 new measures are in places that mean eligible people over the age of 65 years old can put up to $300,000 from the sale of their primary home into their super. You can find out more about the new downsizing measures here.