They will then be able to keep whatever is left from the sale proceeds as an income supplement in their remaining years.
This trend will not be sufficiently large enough to cause a slide in sale prices as retirees sell their existing family homes, because there are so many of these in the leafy established suburbs of our major cities.
It could, however, lead to price rises for low maintenance, easy access and highly secure properties with buying prices well below those of the family homes being sold. These are likely to be located in the seaside, riverside and harbourside suburbs of our major cities as well as in regional retiree destinations within easy and safe access to the nearest capital city.