6 best places to retire in Australia [Infographic]

You’ve worked hard, you’ve saved money up, your time is freeing up and it’s finally time for you to live your best life in retirement. But where do you go and what should you do? Deciding whether to move for lifestyle reasons is usually top of mind for recent retirees, so they can finally experience the lifestyle they’ve always dreamed of. 

Retirement should be one of the happiest and most thrilling times of your life. According to the Australian Bureau of Statistics, there were 3.9 million retirees in 2018-19 and 55% of people over the age of 55 were retired, which was up slightly from the previous study in 2016-17, when the percentage was 53%.

Even though the Age Pension is not available until people reach their 60s, the average retirement age (of all retirees) was 55.4 years, which will be heartening for some older Australians to hear. However, the Pension was the main income source for most retirees. As well as this, half a million people intend to retire within 5 years and the average age people intend to retire is 65.5 years.

Times are also changing for women in Australia who plan to retire:

• In 2018-19, 55% of retirees were women

• The population of retired women increased more than men

• On average, women retire sooner than men

With all that said, once retirement hits, where do you go? Keep the family home? Sell up and downsize? Or could a total sea or tree change be on the cards? You can download Real Insurance’s Guide to Retirement Planning eBook to get some ideas about what direction you might want to take. 

But if you do decide that a sea or tree change is right for you, where do you begin in the search for a perfect location? Start by having a think about what you love most about Australia – the coast, bushland, city or suburbia? With retirement on the horizon, you’ve got the opportunity to live in your dream location. Here are some of the best destinations around the country.

An infographic of the 6 best places to retire in Australia.

Useful links

All the information for this infographic has been obtained via these links you may find useful. 

Plan for the future of your loved ones

Wherever you go and whatever you do, it’s important to think about your family’s financial future, and how to ease any burdens of cost on them.

While planning for your retirement, it’s worth thinking about the cost of a funeral and whether funeral insurance could help reduce the worry on your loved ones. Request a quote with Real Insurance today or call us on 1300 665 287.