GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
It offers a high standard of living, top-notch healthcare facilities and amenities for retirees to enjoy.
Its also got some stunning landscapes from its many beaches to the rural outback.
Plus, it has a fairly diverse climate, though even the coldest regions are still temperate at worst.
Many parts of Australia are also affordable, especially when compared with thecost of livingin the United States.
According toUnbiased, the average retiree spends between $60,000 and $70,000 a year there.
If youre one of them, here arethe top places to retire in Australia, according to experts.
Some parts of Sunshine Coast are pricier than others, so retirees have options depending on their budget.
Fortunately, purchasing property in suburbs likeNambour and Palmviewcosts substantially less.
Costs also depend on your individual needs and lifestyle goals.
If youre happy with a slightly smaller house beyond the city limits, you could save money.
Youll still need to factor in transportation and other costs, of course.
St. Helens is a very small town with only about 2,200 residents living there.
Because of that, the cost of living data is currently limited.
However, those exploring more affordable areas should consider neighborhoods like Mornington, Safety Beach and Dromana.
Groceries can also be expensive.
Theres also taxes to think about.
In Australia, your pension and investment earnings can be taxed.
Last but certainly not least is the fact that Australia has discontinued itsretirement visa and investment retirement visa.
Otherwise, you may have to seek an alternative route.
Unless stated otherwise, all other data come fromNumbeo,My Life Elsewhere,Move to MoreandRealestate.com.au.
For our full Privacy Policy,click here.
