In retirement, you may find that your home no longer meets your needs. You may want something smaller or more aligned with your lifestyle. In addition, you may wish to boost the sources of income (e.g. superannuation, and personal investments) that support you in retirement by investing, tax-effectively, a portion of the equity in your home.
From 1 July 2018, those aged 65 or over will be able to use the proceeds from the sale of their home, to make a downsizer contribution of up to $300,000 each into superannuation (subject to complying with some finer details). In this animation, we take an in-depth look into the Downsizing Measure
Source: SPC Knowledge Centre