Welcome to Ask Property, our weekly column where we answer your real estate dilemmas. Our Ask Property columnist Nina Hendy is here to hunt down the answers from leading experts on your property finance questions. To ask your question send an email to [email protected].
Question: My wife and I are retired and looking at our next move. Our kids have all grown up and left home. My wife would like to stay in the family home in case our kids or grandchildren want to come and stay, but I don't see it happening as two of our three kids live interstate. I'm also tired of mowing lawns and dealing with maintenance on a house that's far too big for us. I have seen a few nice new apartment developments advertised for sale nearby which would suit us. However we are concerned about the tax implications. What do we need to keep in mind?
