MEDIA RELEASE: The Over-50's say 'yes' Treasurer, let us downsize

Stamp Duty is a very bad tax for all Australians - however if you are over 70 years old and need to move home for what ever reason so long as you declare this to be your last home Stamp Duty should be not apply- You cannot put a Dollar value on the home to be purchased to qualify as the variation in house values around Australia is too great- and it should not matter is you are self funded or on the pension 

What next! People have saved and made sacrifices all their lives to have a house/home. How about starting with Politicians - cutting back and eliminating most of their extravagance and generous benefits paid by the tax payers. Very few are competent and worth what their paid - they would never get all those benefits in the private sector! Let's look at that before taking people's homes. 

i can not possibly see the government agreeing to downsizing without some form of pension penalty .they would like any excuse to get as many as they can off the age pension Regards Bernard 

just sold our home to both downsize and make capital available for coming retirement. can consideration be given to a lower Payg on this amount once invested. Many retirees have, in the past taken high risk options to investments to gain sufficient margins to self fund and pay personnel taxes. not good. My father in law was one who was duped. only to find down the track that they have been " doneover and cheated" 

Leonie from NSW says. Yes I would be motivated to downsize if I could deduct the stamp duty from my next home. A retirement village is not a preferred option as one only has the home and not the land. We want to be able to leave the property to 4 children. I agree with Rosemary of South Aust. It would cost us a lot to move as we would need to pay for moving, packers, agents fees and stamp duty.we would love to move but need enough cash left to see us to the end of our lives 

A self funded retiree who is slowly heading to financial oblivion would be saved by a stamp duty concession 

Keep on keeping on, the results are testament to your efforts. 

Yes a good idea for stamp duty relief. Stamp duty plus high agent commission is all that is hold us back from downsizing. With the high cost of housing even with downsizing we would not be in the position that our aged pensions would be affected by any balance of money left from the sale. The major benefit would be that we would be in a more modern home with less maintenance and lower utility bills. 

I left Darwin after living there for 43 years. I sold my unit and moved to Queensland as I could not afford to go back to Sydney my home town. My pension was reduced by nearly $180 a fortnight as I did not want to spend all my money on a residence. I believe stamp duty should either be abolished or only paid once not every time someone wants to move. 

The present system prevents houses being made available to families in locations close to schools. Single people are in houses too large for their needs but the money implications of moving prevent movement.