Question: I’ve seen many questions about making downsizer contributions to super as a strategy for retirees who’ve enjoyed increases in the value of their homes. My question relates to the opposite: using super to ‘upsize’, that is, to buy a retirement house in a more attractive location in the city or on the coast.

My wife and I, who are both 41, expect to receive the full benefits of super, but not from our home as we live in a coal-mining town. I understand there are probably many issues to consider, but say we both reach retirement age 25 years from now with $2 million each in super as our current affordable home and mortgage give us a greater capacity to salary sacrifice to the upper limits. What would be the pros and cons of using our super to ‘upsize’ to a house worth $1 million more than our current house which is valued at $500,000? Brian.