Most people work hard all their lives for a tranquil retirement. Your retirement home should serve all your needs, rewarding you for decades of grit. Finding a place to retire in Australia is relatively easy since the country is one big tropical holiday spot. However, we strive to ensure that you settle for no less than the best. While some of these can be on the pricier side, our list of affordable places to retire in Australia is perfect for budgeters.
So, this post will help you polish your later life with the best places to retire in Australia. Our top spots include Caloundra, Victor Harbor, and Scone.
Retiring in Australia: facts and perks
Here are some interesting facts about retiring in Australia:
Popular
- Australia has been a famous retirement spot for ages. Also, one in six Australians is over the age of 65. As a result, the country offers various healthcare plans for the elderly.
Affordable
- For a cozy retirement in the country, an individual needs roughly $46,000 a year. Similarly, a couple needs $67,000. However, these figures do not include the costs of renting or buying a new home.
Keeps you busy
- Whether walks along the Murray River or day trips to national parks, the country will not let you grow bored.
- You have the choice of landscape.Between the best country towns to live in Australia and amazing coastal spots, the decision is yours!
Government aid
- The Australian rule also offers a Government Age Pension to the citizens. This form of income helps over 60% of Australians over the age of 65. Please note the qualifying age for this pension will switch to 67, starting July 1, 2023.
Top 3 places to retire in Australia
Caloundra, Sunshine Coast
- Median house price: $867,500
- Median unit price: $700,000
- Median rent: $490
Part of the breathtaking Sunshine Coast, this city is one of the best places to retire in Australia. Whether your health or your hobbies, Caloundra will take care of it all. The town has top medical facilities, with the notable Sunshine Coast University Hospital less than 8 km away. You can also keep yourself busy with the various events and festivals here around the year. Finally, the Sunshine Coast airport is nearby in case of an emergency.
Our top offer for you in the town is this featured apartment for sale in Caloundra.
Discover more properties for sale in Caloundra, Sunshine Coast.
Victor Harbor, South Australia
- Median house price: $525,000
- Median unit price: $450,000
- Median rent: $470
Taking you closer to the south coast, Victor Harbor is the perfect place to unwind. Moreover, an hour’s drive north from the region will take you to various scenic spots. From neighbouring national parks to beautiful sea views, there is not a dull moment in this place. Check out this spacious house for sale in Victor Harbor to spend your golden years.
Discover more properties for sale in Victor Harbour, South Australia.
Scone, New South Wales
- Median house price: $ 490,000
- Median unit price: $ 252,500
- Median rent: $ 460
If you want a subtle getaway from your everyday life, there is no better place to be than Scone. This quiet town offers much entertainment, along with affordable dining, a steady property market, and affordable housing. Further, the town is also the horse capital of the country. From athletic studs to speedy stallions, there are various purebred horses here. Here is a cozy apartment for sale in Scone for those looking for a private space.
Discover more properties for sale in Hunter Valley, New South Wales
People also ask
- What is the cheapest and best place to retire in Australia?
Whether quaint coastal villages or bustling city life, putting you in the centre of the action, Australia has it all. Whichever type of retirement plan you want, you can find it here. While the country offers these plans to fit all budgets, some places are much cheaper to retire in than others.
One of the cheapest regions in the country is the sunshine coast. The area also offers top medical services and low median house prices.
While not the cheapest, many claim Port Macquarie is a good place to retire in NSW.
- Can I immigrate to Australia when I retire?
It is likely to move to Australia after you retire if you have a relative residing there. You can also select the retirement visa pathway from the Australian state. This option offers you permanent citizenship in Australia. If you have been a long-term resident in the country and have contributed to the community, you qualify for it.
- What is a good age to retire in Australia?
The age at which you retire depends on various factors, like your financial state or location. According to most people, retiring at 60 is common in Australia. Work a 9-5 routine until then, and spend your latter years in peace once your turn 60. However, many people do not retire even in their late 70s.
