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Home Loans for Property Downsizers

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Downsize with clarity, confidence, and support

Selling your home and moving into something more manageable is a big life decision — often emotional, practical, and financial all at once. At My Finance Consultants, we take the time to understand your goals, your lifestyle, and the reasons behind your next move. Our role is to simplify the process, provide clear financial guidance, and help you downsize with confidence.

For many people, downsizing is about unlocking equity and gaining greater freedom. You may be looking to:

  • Reduce or eliminate mortgage repayments

  • Move closer to family or into a preferred community

  • Free up funds for travel, retirement income, or investments

  • Enjoy a home that is easier to maintain

Whatever your goals, we’ll structure your finance so your move supports your next chapter — not complicates it.

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  • Book Your Consultation

  • Calculate My Borrowing Power (link → /borrowing-power-calculator)

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Start with a clear financial picture

Knowing your borrowing power and projected repayments helps you make confident decisions before you list or make any offers.

Use our helpful tools to understand your position:

  • Borrowing Power Calculator → /borrowing-power-calculator

  • Mortgage Repayment Calculator → /mortgage-repayment-calculator

  • Stamp Duty Calculator → /stamp-duty-calculator

  • Property Selling Cost Calculator → /property-selling-cost-calculator

  • Property Buying Power Calculator → /property-buying-power-calculator

Once we understand your numbers, we can guide you on the best approach — sell first, buy first, or consider loan portability or bridging finance if needed.

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How much will it cost to downsize?

When planning your move, consider:

Selling Costs

Marketing, real estate fees, styling and legal costs
→ Use our Property Selling Cost Calculator

Buying Costs

Stamp duty, conveyancing, pest/building checks, moving costs
→ Use our Stamp Duty Calculator and Purchasing Power Calculator

Home Loan Considerations

You may:

  • Pay out your loan fully and be debt-free, or

  • Hold a smaller loan to maintain additional cash flexibility

We’ll show you both options and help decide which aligns with your goals.

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Navigating lending in later life

Lenders assess income, superannuation, assets, and exit strategies when downsizing. Policies differ — we handle this for you.

We’ll help you:

  • Demonstrate reliable, ongoing repayment capacity

  • Plan an exit strategy (e.g., superannuation drawdown, asset sale)

  • Understand how retirement age may impact lending terms

  • Use tools like loan portability to avoid unnecessary refinancing

Our role is to streamline lender communication and avoid delays.

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Downsizing superannuation contributions

If eligible, you may be able to contribute a portion of your home sale proceeds into superannuation. This can help build retirement income tax-effectively.

We’ll work alongside your financial adviser or accountant to ensure the strategy fits your long-term plan.

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Frequently Asked Questions

H3 What are the key considerations when downsizing?
Your property budget, borrowing capacity, whether you need a loan, and the timing of your sale and purchase.

H3 Do I still need a home loan after downsizing?
Possibly. Some clients choose to be debt-free; others retain funds for lifestyle, investments, or flexibility.

H3 Will my age affect loan approval?
Yes. Lenders require a clear exit strategy if retirement is within the loan term. We guide you in preparing this.

H3 What is loan portability?
Portability allows you to keep your existing loan but switch the secured property, often avoiding a brand-new loan application.

H3 What is a bridging loan?
A short-term loan to purchase your new home before selling your current one.
→ Learn more: Bridging Home Loans (/bridging-home-loan)

H3 Should I get a pre-approval?
Yes — it provides clarity on borrowing capacity and ensures timelines align when buying and selling.

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Ready to begin your next chapter?

We’ll help you map out your numbers, timing, lending strategy, and move — so downsizing feels smooth, not stressful.

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  • Book Your Consultation

  • Speak to a Downsizing Specialist