Home Market Insights SA has most regions in list of Aussie retirement spots

SA has most regions in list of Aussie retirement spots

SHARE

Is SA Australia’s Florida?

South Australia (SA) has topped a recent list of most popular regions in Australia for retirement.

Property analytics firm CoreLogic has released a report which compares Australian suburbs by age demographic.

It reveals that SA dominates the nation’s Top 50 regions most popular among retirees reports News Corp.

Although Queenscliff in Victoria has Australia’s highest number of residents aged over 65 (40.3%), SA’s Victor Harbour came in a close second (37.7%).

Advertisement - Not SA Real Estate News Content

“Victor Harbour is popular because of the lifestyle it offers. The winters are mild and the summers aren’t as hot as some other areas,” John Mowling of LJ Hooker Victor Harbour told News Corp.“It also offers good medical facilities and shopping opportunities and the area, as a whole, is well supported by the community and volunteer organisations that look after the elderly.”

Yorke Peninsula, Yankalilla, Tumby Bay, Alexandrina, Copper Coast, Orroroo-Carrieton, Peterborough, Kingston, Franklin Harbour, Mount Remarkable and Karoonda East Murray were other SA regions to make the Top 50.

CoreLogic’s head of research Cameron Kusher noted that not one of the 50 council areas is located within a capital city, suggesting that perhaps retirees are getting priced out of the big cities.

Real Estate Institute South Australia’s Chief Executive Officer, Greg Troughton added that he believed the State’s ageing population is another an important factor.

“I am a little surprised as my belief was that warmer climates were more preferred,” he told News Corp. “Having said that, there is definitely great laid back living in South Australia and with places like Victor Harbor being so accessible to the metro area and all it provides, it does show that retirees are happy for the quiet life but have the infrastructure and support of the big city a stone’s throw away.”