Downsizing Cost Calculator
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The True Cost of Downsizing
Many Australians underestimate the total cost of downsizing — focusing on the price difference between homes and forgetting the significant transaction costs on both sides.
Typical Transaction Costs
- Agent commission: 1.5-3% of sale price
- Stamp duty on purchase: varies enormously by state and price
- Legal fees: $1,500-$2,500 per transaction (both sale and purchase)
- Moving costs: $2,000-$8,000+
- Home preparation and staging: $1,000-$10,000
Downsizer Super Contribution
Australians aged 55+ who sell their primary residence can make a one-off super contribution of up to $300,000 per person ($600,000 per couple) from the sale proceeds, outside normal contribution limits. This can be a powerful strategy — speak to a financial adviser.
Stamp duty calculations are estimates based on standard rates. Concessions may apply. Always verify with your state revenue office and a conveyancer.