The Federal Government is offering retirees the chance to invest hundreds of thousands of dollars into their superannuation fund.
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The Downsizer scheme came into law from July 1, 2018. It allows people aged over 65 to top up their retirement fund with the proceeds from the sale of their home.It serves as a great booster in your later years and can free up extra cash for downsizing buyers, living out your days in a luxurious lifestyle.
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Just outside of Brisbane CBD is the recently constructed Arcadia Apartments, with two and three bedroom designs.
Arcadia Apartments – Hero Picture
Priced affordably in the booming Indooroopilly region, these luxurious living apartments are ideal for downsizing buyers. It’s an investment in yourself as it’s a brilliant place to meet new people.
The Arcadia Apartments are perfect for entertaining, with generous indoor and outdoor living options.
The BBQ and outdoor kitchen areas are great for those warm nights and the full-length retractable doors are ideal for special occasions.
Arcadia Apartments – Rooftop Terrace
Invite family and friends over to make the most of the outdoor terrace and open space living. The spacious and comfortable floor plans, combined with soft carpets and timber flooring, means you get the best of both worlds.
And because the downsizer contribution from the sale of your home will not count towards your contributions caps, you can reap the tax benefits. Even if you have a total superannuation balance of more than $1.6 million, you can still make the contribution.
This gives you the chance to have extra money to fully enjoy the Indooroopilly lifestyle because these apartments are so close to the heart of the city.
It’s only a stone’s throw away from the shops, sports’ facilities, leisure activities and a short drive to the Brisbane Central Business District (CBD).
Even better, there’s a range of regular public transport options.
The Indooroopilly train station is a short walk, about 300 metres, and the bus stop is only 400 metres away.
Indooroopilly train station
Indooroopilly bus stop
The fabulous Indooroopilly Shopping Centre catering for all levels of shopping is the hub of the suburb of Indooroopilly, only a short stroll from your new home.
Indooroopilly Shopping Centre
The Federal Government wants to reduce pressure on housing affordability, allowing older Australians to retire comfortably and giving a welcome boost to first home buyers.
You’re not just helping yourself by downsizing, but your children and grandchildren.
With spectacular landscaping and views, this is the lifestyle many can only dream of, but are yours for the taking. These homes are in hot demand with 10 of the 29 Arcadia Apartments already sold.
It’s an ideal lifestyle for retirees, with the Wesley Hospital and Indooroopilly golf course also nearby.
There’s no better time for downsizing buyers, with the government’s superannuation scheme – we don’t know how long this will be around.
It’s important to check the eligibility criteria, including:
- you are aged 65 years or older at the time you make a downsizer contribution;
- the contract of sale was exchanged on or after July 1, 2018;
- your partner, or yourself, owned the home for more than 10 years; and
- your home is not a caravan, houseboat or other mobile home.
We strongly suggest you carry out your own due diligence by accessing. For the full eligibility list, through the Australian Tax Office, or by talking to your own accountant.
After decades of working, you deserve to relax in deluxe living. Make the choice to Arcadia Apartments today.
You won’t be disappointed; check out the display rooms now.