Time to downsize
BABY Boomers can look to the housing market with confidence in the Top End with many properties giving them the chance to downsize into a more suitable home.
With the housing market beginning to recover, according to a Heron Todd White report, buying is a promising option.
Elders Real Estate Listing Agent Derek Hart said the market’s current position provided a lot of opportunities for home buyers.
“There are definitely some great bargains out there and vendors are definitely keen to sell as well,” he said.
“We’ve seen the housing market has plateaued and more buyers are coming into properties — if they see the right home for the right price, they’ll buy it.”
However a move from traditional tropical homes may be necessary for downsizers to get the most out of their move.