Research group RiskWise Property has come up with a list of towns they assess to be the best places to retire. They’ve, made the judgement based on lifestyle, affordability and capital gain potential.
Have a look at the top places on the list:
1) Sunshine Coast, QLD
The Sunshine Coast offers a variety of housing styles and price ranges from the multimillion-dollar mansions to two-bedroom cottages depending on budget.
2) Gold Coast, QLD
Miami on the Gold Coast has a median price of $722,570 which makes it relatively affordable for those migrating from higher priced areas such as Sydney or Melbourne. Australia’s sixth largest city is appealing to active mature-aged people, who can enjoy walking on the beach or in the bush, fishing, boating and cultural pursuits with an appealing climate year-round.
3) Central Coast, NSW
North Avoca, Terrigal and Wamberal on the Central Coast all offer superb lifestyle properties significantly more affordable than the beachside suburbs of Sydney and which still offer reasonable access to NSW’s capital.
4) Mornington Peninsula, VIC
It is a popular tourist and retiree destination thanks to its numerous attractions which include beaches, wineries, national parks, heritage sites and a plethora of golf courses.
5) Byron Bay, NSW
Is part of the northern region of NSW which is often referred to as ‘the Grey Coast’. Of all the suburbs on the Top 10 list, Byron Bay received the highest capital gains over the past five years of 83.1 per cent. While its median house price was also the highest at $1.5 million, compared to Sydney and Melbourne prices, this is relatively affordable for those moving from these capital cities.
6) Hobart, TAS
Thanks to its greater affordability when compared to Melbourne, Hobart has increasingly become a popular destination for retirees despite its colder climate. The city is known for its arts and culture, its majestic scenery such as Mt Wellington, picturesque waterways including the Derwent River and rich café and restaurant scene.
7) Hunter Valley, NSW
The Hunter Valley is about 120km north of Sydney. The region is one of Australia’s major wine growing areas and is an attractive destination for retirees who enjoy its relative proximity to NSW’s capital city.