Why rightsizing your home can improve your retirement
Rightsizing your way to an aspirational life
At The Albertine, more people than ever are looking into apartments for sale in Melbourne to spend their retirement in. If you've led a life guided by family, work, and hobbies in one of the world's cultural capitals, rightsizing your home to a beachside amenity-laden apartment can be a fantastic option to build the lifestyle you want.
We're introduced to the concept of retirement at the beginning of our careers. It's made clear that this is a major life event requiring careful and constant financial preparation, planning and saving. Yet, the traditional model often requires us to make significant compromises into smaller, downsized homes that ultimately make our lives feel much smaller.
But shouldn’t retirement be about upgrading your life rather than downsizing? At a time when flexible work is the new normal, retirement is no different - the new brand of retirement, Rightsizing, is all about customising life to perfectly fit your aspirations, while supporting you to live your best, most rewarding life yet.
Are downsizing and resizing the same?
Like many significant life changes, retirement marks both an ending and a beginning. It's a new time, bringing complex challenges and adjustments as your participation in the workforce ends. Social interactions and community involvement evolve, and the rhythms of life tend to take on a less frenetic pace.
As we embrace the transition, we realise that it opens space for new possibilities and paths. This period becomes a time when the future is ours to shape, allowing us to explore and welcome new opportunities.
When people consider downsizing in retirement, it can strictly mean reducing the footprint of their home and, in some cases, relocating to another area or a different type of dwelling, like assisted living. Rightsizing your home prioritises your interests - enabling you to move to a new address in a desirable location with enough space to live comfortably without the additional maintenance of having extra empty rooms.
Factors to consider for resizing your house
Leaving behind a home or neighbourhood you’ve lived in for years can come with plenty of emotion, but there can be many positives to look forward to.
The lower maintenance needed from a fit-for-purpose property can free up time and your mental load. After a lifetime of collecting furniture and other general knick-knacks, you can finally clear out the garage so that you're only taking what you truly love to the next home. Best of all, we can tap into the equity in our old property so you can invest in the new version of your life.
Several practical considerations can guide us in making informed decisions as we contemplate this next chapter of rightsizing. Location is a crucial factor. Do we stay in our familiar environment, close to cherished friends, favourite cafés, and trusted doctor? Or are we drawn to the excitement of a new neighbourhood that matches our desire for a fresh start?
Of course, financial considerations also play a significant role. For many, this period involves significant investment decisions that not only affect our own future but possibly also our children and grandchildren. We want to finance the next stage of our lives wisely but also start to take advantage of all those decades of hard work. This could mean fulfilling dreams of world travel or spending extended time with family in different locations. Alternatively, it might involve indulging in life's pleasures like fine wine, dining, a new hobby or the arts.
For those rightsizing into a lifestyle with more free time to enjoy the things you love, and less time spent on home upkeep, the allure of a fabulous new upgrade is hard to resist. Whether it's an inner-city abode surrounded by culture and cuisine, a tranquil country retreat or a spacious residence with resort-style amenities, there's a dream home waiting for you.
Albert Park apartments - the new address for rightsizers
Spacious inner-city luxury apartments with unrivalled style and sophisticated design are becoming the new normal for 21st-century rightsizers.
The Albertine by Mirvac offers a superb example of how it can be done right. A sophisticated haven on the city's edge, The Albertine is an ode to nature and beauty, combining conceptual architecture with health and wellness-giving amenities that endear living a richly layered life.
An exclusive address ensconced within Melbourne’s most desirable suburbs – step out of your sanctuary and into the excitement, beauty, and magnetism of one of the latest releases of apartments for sale in St Kilda. The endless delights of surrounding suburbs call from your doorstep – a daily invitation to wander galleries, dine at renowned restaurants, stroll the vibrant streets, and absorb the energies of your extended neighbourhood unfolding in every direction. Here, health and wellness reign supreme with a curated suite of amenities that transform your address into a haven of serenity. A home for modern, active Melburnians seeking a sanctuary that syncs with their rhythm – a home that enriches their lives.
With the trams of St Kilda Road within metres of your home and living only moments away from the CBD means that all of Melbourne is at your fingertips. Arrive at NGV within 10 minutes – and if you’re early, a drink at Arbory Afloat beckons. And with Melbourne Metro due to debut in 2025 – and Anzac Station* a short walk from your door – indulge in the unmatched comfort and convenience of life at The Albertine.
Discover your new stage of life at The Albertine by Mirvac
Retirement looks different today, more than it ever has. We’re retiring earlier and living longer — the percentage of Australia’s population** aged 65 and over increased from 11% to 17% between 1992 and 2022, and according to the last ABS Census^, meaning more than a quarter of residents in Australia’s capital cities are over 55. Every day at The Albertine is an opportunity to relish simple pleasures, and marvel at an active and dynamic life that perfectly fits your aspirations, while supporting you to live your best, most rewarding life yet.
If you're looking to enjoy the freedoms and opportunities retirement brings, The Albertine offers a number of amenity-rich apartments for sale in Melbourne that enable you to cultivate the lifestyle you've always wanted. To review floorplans or for any questions you might have, feel free to get in touch with any of our helpful consultants.
References
* Information included is from the Metro Tunnel Project by the Victorian State Government https://bigbuild.vic.gov.au/projects/metro-tunnel
** Information included is from the Profile of Australia's population report at: https://www.aihw.gov.au/reports/australias-health/profile-of-australias-population
^ Information included is from the Regional population by age and sex article by abs.gov: https://www.abs.gov.au/statistics/people/population/regional-population-age-and-sex/latest-release
