Sunday 15 May 2022 01:19 AM Scott Morrison offers bonus to retirees who sell house so younger families can ... trends now
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People aged 55 and over will get a financial incentive to downsize to a smaller home if the Coalition government wins Saturday's federal election.
At Sunday's Liberal Party campaign launch, Prime Minister Scott Morrison will outline plans to make it easier for young families to buy their first homes from older people.
Mr Morrison said the move, which also features a two-year grace period before asset testing for a pension, is designed to help 'free up larger homes for younger families'.
The age at which Australians are able to downsize their property and invest up to $300,000 per person from the sale into a super fund will be lowered from 65 to 55.
Prime Minister Scott Morrison (pictured) said the Coalition's housing announcement is designed to help 'free up larger homes for younger families'
The $300,00 will be
