Part of Downsizing.com.au’s “TrueCost of Downsizing” series — helping Australians move with clarity and confidence.
For most Australians, downsizing is far more than a property decision — it’s a life decision. It’s about freeing up time, simplifying routines, and setting yourself up financially for the years ahead. Yet too often, what should be a positive new chapter becomes stressful when the true costs aren’t clear.
That’s why TrueCost, powered by VillageGuru and available on Downsizing.com.au, is transforming how people plan. By showing the complete financial picture — entry, ongoing, and exit fees, as well as pension and equity outcomes — TrueCost is turning complex decisions into confident ones.
“Downsizing should feel liberating, not confusing. TrueCost helps you move with clarity, not guesswork.”
Whether you’re a ‘Planner ‘calculating every variable, an Active Lifestyle Seeker dreaming of resort-style living, or one of the Supportive Children helping parents through the process, these five tips — guided by TrueCost insights — will help you plan a smarter move.
1. Know your real budget
Many downsizers make the mistake of equating the sale price of their home with the budget for their next move. But when you factor in entry payments, deferred management fees, ongoing costs and resale conditions, the total equation can look very different.
TrueCost breaks this down clearly. By entering a few basic details, you can see what your move will cost today — and what you might get back later. For example, if you’re paying an entry fee, your TrueCost report might reveal an estimated exit return after DMF and resale costs. It’s the kind of clarity that protects your long-term financial wellbeing.
2. Compare apples with apples
No two villages are structured alike, and small differences in fees or buyback timeframes can significantly change your final position. For Active Lifestyle Seekers, it’s tempting to be swayed by location or amenities. But two villages with identical prices can produce vastly different outcomes.
A TrueCost report allows you to compare those scenarios side by side — the same way you’d compare home loans or superannuation funds. You can see how a 30% deferred fee over 10 years compares to a 25% fee with a faster buyback, and decide which option suits your lifestyle and priorities.
“TrueCost turns complex fine print into simple comparisons you can actually understand.”
3. Understand the fine print
Contracts in the retirement living sector can be lengthy, detailed and — at times — intimidating. Terms such as ‘ingoing contribution’, ‘exit entitlement’, or ‘refurbishment cost’ are common but not always well explained.
TrueCost translates that language into everyday terms. It tells you, in dollars and percentages, how each clause affects your future equity and cash flow. For Cautious Planners and Supportive Children, it removes the fear of missing something hidden in the paperwork.
It’s not about replacing professional advice — it’s about equipping you to ask smarter questions when you sit down with your lawyer or financial adviser. Code of Conduct | Retirement Living
4. Plan for the future
Downsizing isn’t just about today’s move — it’s about how you’ll live tomorrow. Understanding how your new home affects your Age Pension or Rent Assistance is critical. Assets test for Age Pension
As of 1 July 2025, the “extra allowable amount” for homeowners under the assets test is $258,000. If you pay more than that to enter a retirement village, Centrelink may classify you as a homeowner, which changes your entitlements. Real estate assets - Services Australia
TrueCost calculates this automatically, showing whether your entry payment keeps you in the homeowner category or shifts you to non-homeowner status — and what that means for your fortnightly pension.
For Planners and Future Thinkers, it’s an invaluable way to forecast cash flow and avoid unexpected Centrelink surprises.
5. Choose lifestyle and location with confidence
At its heart, downsizing is about lifestyle — community, security, connection, and simplicity. But the best lifestyle decisions are those made with clear eyes and solid numbers.
TrueCost lets you evaluate whether your preferred location and style of living align with your budget and long-term goals. Whether you’re eyeing a coastal village, a city apartment, or a master-planned community with health and wellbeing amenities, you can balance emotional value with financial clarity.
“The best lifestyle choices are those made with both heart and head — and TrueCost keeps them in balance.”
The takeaway
Downsizing should never feel like a gamble. With TrueCost, Australians can finally see every dollar of the journey before taking the next step. It’s empowering, transparent, and designed to restore confidence in one of life’s biggest transitions.
Ready to make your next move with confidence?
Look for listings with the TrueCost badge and request your free report today at Downsizing.com.au.
Downsizing.com.au presents Our “TrueCost of Downsizing” series — helping Australians move with clarity and confidence.
- The New Way to Downsize with Confidence
- Top 5 Downsizing Tips — Now with TrueCost Insights
- What Will Downsizing Really Cost in 2025?
- The Hidden Costs You Can Now See with TrueCost
