{"id":2758,"date":"2024-02-29T00:28:20","date_gmt":"2024-02-29T00:28:20","guid":{"rendered":"https:\/\/blog.villages.com.au\/?p=2758"},"modified":"2024-02-29T22:36:29","modified_gmt":"2024-02-29T22:36:29","slug":"is-downsizing-the-next-big-housing-trend","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/retirement\/is-downsizing-the-next-big-housing-trend\/","title":{"rendered":"Is downsizing the next big housing trend?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2758\" class=\"elementor elementor-2758\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f5758ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f5758ed\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-91d087b\" data-id=\"91d087b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d2af058 elementor-drop-cap-yes elementor-drop-cap-view-stacked elementor-widget elementor-widget-text-editor\" data-id=\"d2af058\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>T<strong>ransitioning to a smaller home will grow in popularity over the next decade, according to one researcher.<\/strong><\/p>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/simonkuestenmacher\">Simon Kuestenmacher<\/a>, Co-Founder and Director of <a href=\"https:\/\/www.tdgp.com.au\/\">The Demographics Group<\/a>, said moving to a smaller residence will start becoming a mass phenomenon by the 2030s as the <a href=\"https:\/\/www.theweeklysource.com.au\/the-village-professional\/understanding-differences-between-veterans-residents-and-baby-boomers\">Baby Boomers<\/a> age and the family home becomes a hassle to maintain.<\/p>\n<p>\u201cBaby Boomer homes are located in the middle suburbs of Australia,\u201d Simon wrote in The New Daily.<\/p>\n<p>\u201cThroughout the 2030s, these homes will enter the market and many of them will be bulldozed to make room for three townhouses \u2013 densification of the middle suburbs is all but guaranteed.\u201d<\/p>\n<p>Many older people are already making the decision to move into a smaller residence, often retirement living.<\/p>\n<p>Certainly, there are many benefits to moving into a village, with the first being the cost.<\/p>\n<p>A browse through <a href=\"https:\/\/www.villages.com.au\/\">villages.com.au<\/a> finds a two-bedroom apartment from Southern Cross Care (NSW and ACT) at South Coogee, 9km southeast of Sydney\u2019s CBD, from $630,000, well below the median suburb price of $1.4 million.<\/p>\n<p>With equity from a house sale, plus superannuation, many village residents free up cash by downsizing, using the proceeds to fund their retirement.<\/p>\n<p>Villages offer safety and security, including the ability to lock up and head out on the road or to visit family and friends.<\/p>\n<p>Importantly, there is a real sense of community. Social isolation is well-known for its harmful impact on health and wellbeing, but many villages are making wellness and social connection a non-negotiable part of their service offering.<\/p>\n<p><strong>Time to look at village options in your suburb today?<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Transitioning to a smaller home will grow in popularity over the next decade, according to one researcher. Simon Kuestenmacher, Co-Founder and Director of The Demographics Group, said moving to a smaller residence will start becoming a mass phenomenon by the 2030s as the Baby Boomers&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-2758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/comments?post=2758"}],"version-history":[{"count":7,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2758\/revisions"}],"predecessor-version":[{"id":2814,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2758\/revisions\/2814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media\/2759"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=2758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=2758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=2758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}