We all reach a time in our lives when we’re ready to hang up the boots and enjoy a much-deserved retirement somewhere. But how do you choose the perfect place to spend life’s exciting next chapter.
A generation ago, climate was considered the primary concern for retirees seeking a new location. Yet many modern retirees place more weight on financial considerations such as low cost of living and housing costs, as well as the benefits that stem from a strong economy and good nearby shopping.
So if Perth really is just 'a big country town', why are retirees moving from a sophisticated multicultural city like Melbourne or Sydney?
Here are our top 5 reasons behind the new generation of interstate retirees relocating to Perth.
1. Perth is more affordable
You worked hard to reach retirement – why waste it on mortgage repayments and road tolls? Data from the Economist Intelligence Unit's Worldwide Cost of Living Index ranks Sydney as Australia’s most expensive city to live in, followed by Melbourne, Brisbane, Adelaide and Perth. This is supported by a Demographia study, which claims Sydney housing prices are nearly 13 times higher than the median household income, followed by Melbourne at 10 times higher, and Perth at six times. In fact, Perth is one of only three Australian capital cities to recently become more affordable to live in. And with the annual Global Liveability Index listing Perth as the world’s 14th most liveable city, now is the perfect time to move.
2. Perth is all grown up
So long ‘Dullsville’. Perth has shaken its ‘big town’ tag and transformed into a modern, refreshingly laid-back and vibrant global city. Since 2007, a change in liquor laws and relaxed trading hours has seen over 110 small bars pop up across the CBD. High-profile developments have supercharged Perth into a more coherent and vibrant space, with city laneways now home to an array of trendy small bars, cafes and restaurants. Perth is so cool, it made The New York Times
’ list of 52 Places to Go in 2019.
3. Perth is naturally gifted
Perth has officially claimed the crown as the true ‘Sunshine State’, with an annual average of 8.8 hours of sunshine per day, compared to Sydney (7.2 hours) and Melbourne (6.5 hours). More sunshine means more time outdoors to enjoy living in the world’s most isolated capital city, from stunning sunsets over the Indian Ocean, to picnics amidst 400 hectares of native flora at Kings Park, exploring the world-class Swan Valley wine region, snorkelling off the idyllic Rottnest Island – the list goes on.
4. Perth is highly educated
Perth has five world-class universities that are well known for their award-winning, state-of-the-art research facilities and specialist laboratories. Experts say universities encourage better public transit systems and lead to a lower cost of living in the towns that surround them – another reason why Perth teems with potential.
5. Perth is growing fast
Having gained about half a million people in the decade to 2016, Perth is fast becoming a sought-after destination. This is a great sign for those from across the Nullarbor looking for a lifestyle location with the future infrastructure, economy and social networks to support a long, relaxed retirement.
Haven Ridgewood – a place to flourish in retirement
One estate that exemplifies Perth’s ‘best of both worlds’ retirement appeal is Haven, Ridgewood. Located 37 kilometres from the CBD amidst Perth’s northern coastal suburbs, Haven offers affordable house and land packages in a vibrant master planned community designed with over-55s living in mind. No strata fees, no exit penalties - it’s downsizing done differently.
The estate ticks all the needs of a modern retiree. The Lukin Shopping Centre is just moments away, while the bustling retail hub of Ocean Keys is just a 10-minute drive away. Getting around is easy thanks to a public bus outside the estate that takes you to multiple train stations from which you can transit to Perth’s cosmopolitan bars, shopping and restaurants within half an hour. And what retirement would be complete without making the most of Perth’s vibrant outdoors lifestyle? Mindarie Marina, golf courses and endless pristine beaches are all on your doorstep.
With Haven’s turnkey house and land packages boasting an array of standard inclusions such as landscaping, reticulation, stormwater, floor coverings, window treatments, internal wall painting and site works, when you relocate to Haven there’s nothing to do but move right in.