The average savings needed to comfortably enjoy your golden years as a couple is at least $720,000 for conservative investors, according to SuperGuide figures. Single retirees need at least $650,000.
If your nest egg is less, chances are you’ll be looking for more affordable retirement spots in Australia in 2017. Let’s examine some possible options.
Can I afford to retire to NSW in 2017? 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.
Victoria can seem an expensive place to retire, and Melbourne property prices had jumped more than 15 per cent 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.
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 unspoilt coastline and is a favourite among tourists to WA.
A local airport also makes jaunts into Perth much easier.
Kadina is probably South Australia’s most well-known retirement hot spot for 2017. 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 states to retire to in Australia in 2017.
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