Are you looking to downsize to Forresters Beach or the surrounding suburbs?

Explore this sample listing and call David on 0410 338 337 if you'd like to buy a similar property.

𝗔𝗯𝗼𝘂𝘁 𝗙𝗼𝗿𝗿𝗲𝘀𝘁𝗲𝗿𝘀 𝗕𝗲𝗮𝗰𝗵

Discover one of the Central Coast's hidden gems, Forresters Beach. A quiet beachside suburb with a selection of stunning coastal beaches and beautiful walking trails, located conveniently close to amenities, cafes and shops. Forresters Beach offers the ultimate laidback lifestyle for those seeking to downsize and escape the hectic city pace.

𝗭𝗲𝗿𝗼 𝗖𝗮𝘀𝗵 𝗗𝗲𝗽𝗼𝘀𝗶𝘁

Downsizer offers a new, secure, and cost-effective way to buy your next property with zero cash deposit and without having to sell first. We streamline the process by using the equity in your existing home to help secure the new one.
So, if you have sufficient equity in your property assets, you could be eligible.

𝗙𝗼𝗿𝗿𝗲𝘀𝘁𝗲𝗿𝘀 𝗕𝗲𝗮𝗰𝗵 𝗦𝗮𝗺𝗽𝗹𝗲 𝗟𝗶𝘀𝘁𝗶𝗻𝗴 - 𝗕𝗢𝗨𝗚𝗛𝗧 𝗯𝘆 𝗗𝗮𝘃𝗶𝗱 𝗦𝘂𝘁𝘁𝗼𝗻 𝗕𝘂𝘆𝗲𝗿𝘀 𝗔𝗴𝗲𝗻𝘁𝘀

A lot of people looking to downsize are retirees or empty nesters who no longer need a large family home or perhaps are looking for something with less maintenance. In this example, the couple own their home outright worth $1,600,000. The house they have purchased has good bones and has been well built but needs a bit of vision to refresh and upgrade the property, but this also provides the opportunity to finish it to their own taste. Most of the time people will have to sell their home first in order to fund their next purchase, but there is another solution allowing people who are asset rich, but cash poor to use the equity in their own home to transact using a Downsizer deposit bond. This solution allows homebuyers with sufficient equity in their current home to purchase their next home without the need to sell first.

Purchase
$1,050k Purchase Price
$52.5k Purchase Costs (5%)
$150k Renovation (cosmetic: ensuite, laundry, kitchen, expose timber floors/ remove carpet, paint, render, restore roof, re-spray pool)
$4.03k Transaction Fee & Bond Fee (Cost to transact with a Downsizer deposit bond)
$1,256.53k Total

Sale of their Existing Home
$1,600k Sale Price

• $48k Sales costs

$1,552k Total

Proceeds
$295.47k to put towards their retirement or savings

It is also worth noting in this example, that the $1,600,000, was a conservative estimate and allows a contingency for issues that may arise.

For this scenario to be successful, the selection of an appropriate asset is critical and the use of conservative numbers including a buffer would be prudent. Alternatively, the couple could purchase a more expensive house that didn't require renovation, still using a Downsizer deposit bond and if there was 12 months of strong growth in the area, they would be able to take advantage of this and sell their property with the additional capital growth.

Call David on 0410 338 337 to find out if you could buy your next home using a Downsizer deposit bond.

𝗧𝗵𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗶𝘀 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝗳𝗼𝗿 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝘄𝗶𝘁𝗵 𝗮 𝗗𝗼𝘄𝗻𝘀𝗶𝘇𝗲𝗿 𝗱𝗲𝗽𝗼𝘀𝗶𝘁 𝗯𝗼𝗻𝗱.

Downsizer offers a new, secure, and cost-effective way to buy your next property with zero cash deposit and without having to sell first. We streamline the process by using the equity in your existing home to help secure the new one.
So, if you have sufficient equity in your property assets, you could be eligible.

Contact Downsizer to find out more, or complete our ‘Start Your Journey’ questionnaire.

It’s possible with Downsizer – the new way home.