From the age of 55, property downsizers can add up to $300,000 into their superannuation. It can then increase to a much larger sum, but few take up the option.

The number of Australian households planning to downsize in the next five years has increased 14 per cent since 2021 to almost 2 million, a surge that could reshape part of the housing market and alleviate pressure on housing supply.

In this episode we learn how peace, love and veggies (amongst other things) led Mark to help solve one of property marketing’s greatest challenges – i.e how to unlock the downsizer market

In this episode of Fintech Chatter, Dexter Cousins speaks with Mark Macduffie of Downsizer about the pressing issue of housing affordability in Australia.

Downsizer co-founder and managing director Mark Macduffie said the company aimed to help downsizers move so that they could “stop worrying and start living”.  

Financially-oriented proptechs are finding smart solutions for financial problems for the benefit of owner-occupiers and investors alike.

"How can Australia’s ageing population free up much needed cash for cost of living, retirement and lifestyle goals? Downsizing is a key solution."

"Downsizers are being targeted with a new digital funding product allowing them to purchase an off-the-plan property without a deposit and defer any payment until they take possession of the completed property."

"With Sydney's luxury market proving resilient, many buyers are seeing the benefit of investing in a high-end development at affordable prices because downsizing does not mean downgrading."

"Downsizer closes A$3.75m seed round securing investment from Lombard and Correlation global insurance network to continue Australian growth and drive international expansion."