Downsizing’s a dream at Runaway Bay

With two full-time maintenance staff on-site, and contract landscapers, electricians and plumbers only a phone call away, living at TriCare Runaway Bay Retirement Community is a dream.

Resident, Lidy Boode, moved to TriCare Runaway Bay at the beginning of the year after making the difficult decision to move from her two bedroom apartment in Helensvale into an easier living environment.

“It’s a huge decision to sell your family home and move into retirement living, and when you are on your own, decisions are hard to make! But I have never looked back,” said Mrs Boode.

“I talk to so many people with big houses, and all they worry about is the up keep of their homes. I want to enjoy life rather than spending all my time and money managing a large house and not being able to do anything else.

“I no longer have a garden to worry about maintaining and if something goes wrong with fridge or a light bulb needs changing, before I know it, someone is knocking on my door to fix it!” said Mrs Boode.

Financially, downsizing has been made easier with the Australian Government’s recent announcement to reduce pressure on housing affordability in this year’s Federal Budget.

From July 1, 2018, people aged 65 and over will be able to make a post tax contribution into their superannuation of up to $300,000 (or $600,000 per couple) from the sale of their family home if it has been their main place of residence for 10 years or more.

This new initiative will gives older Australian’s more incentive to downsize from their homes that no longer meet their needs, and free up the housing market for young families starting out.

For further information contact the Village Manager, Malcolm Payne on 5500 2300

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