Best retirement spots for each state

July 25th 2017 | Categories: Retirement |

Hunter Valley NSW vineyard

According to the Association of Superannuation Funds of Australia, a single person enjoying a comfortable lifestyle in retirement will need approximately $40,000 a year from the age of 65. As we’re now living longer (another 19.5 years for men and 22.3 years for women after 65), men and women wanting to enjoy a comfortable retirement should expect to need $858,215.50 and $981,445.30 respectively.

If your nest egg is less, chances are you’ll be looking for more affordable retirement spots in Australia. Let’s examine some possible options.

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Can I afford to retire to NSW? It’s a common question, and with CoreLogic data showing that the median home price is $860,000 in Sydney, it’s a fair one. But there are plenty of more affordable options outside the capital.

The Hunter Valley offers affordable real estate, fantastic wineries, fine dining and glorious golf and spa day opportunities. It’s also just two hours away from Sydney if you start missing the big smoke.

Relaxation and rural luxury at @Pitalpa at the Hunter Valley | @huntervalleywc #visitnsw #ilovensw #huntervalley #newsouthwales

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Victoria can seem an expensive place to retire, and Melbourne property prices had jumped more than 15 percent year on year by the end of April 2017.

Echuca, however, is a far more affordable option. This small town on the banks of the Murray River is renowned for its community spirit. Vibrant and friendly, Echuca offers plenty of clubs, activities and associations specifically tailored to retirees.


Why retire to Queensland in 2017? Well, the Sunshine Coast and Gold Coast frequently top the rankings for retirement spots with the best beaches, year-round sun and excellent travel facilities.

For something more affordable, why not try Toowoomba? Quieter than many other QLD retirement communities, the town has grown in popularity as a retirement spot in recent years.


Tasmania is among the most affordable states in Australia, so you should have lots of flexibility when planning for retirement.

Huon Valley is often touted as the best location for retirees, with the region boasting beautiful natural scenery, a cooler climate and budget-friendly housing.

Huon River 🏞 #discovertasmania #tasmania #huonvalley #southerntrovetasmania #seeaustralia #canonphotography #canonaustralia #tasmaniagram #instatasmania #getoutsidetas #hobartandbeyond #tassiestyle

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Western Australia

Homes fetch a median price of $472,000 in Perth, but travel eight or so hours outside the capital and you’ll reach Esperance. The town sits on an unspoilt coastline and is a favourite among tourists to WA.

A local airport also makes jaunts into Perth much easier.

South Australia

Kadina is probably South Australia’s most well-known retirement hotspot. Located on the Copper Coast, Kadina is perfect if you like an idyllic country life.

This picturesque town is known affectionately as Australia’s Little Cornwall after a significant number of people from the English county migrated to Kadina in the 1880s to work in the mines.

We hope this has given you an idea of the best places to retire in each state in Australia.

It is possible to enjoy the retirement of your dreams. Get in touch to start planning today.

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What you need to know

This information is provided by Invest Blue Pty Ltd (ABN 91 100 874 744). The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relations to products and services provided to you.