Three Queensland suburbs among the best places to retire

first_img MORE NEWS: Famed restaurateur’s house hits the market Mr Peleg said despite the recent property downturn, these areas had either shown resilience or were already recovering and were expected to continue improving.Real Estate Institute of Queensland Gold Coast zone chairman Andrew Henderson said the city’s weather had attracted retirees for decades but now it had a lot more to offer.“Affordability still makes up a big part of it, the Gold Coast offers significant infrastructure as well,” he said.“The Coast now has a big and diverse economy, because of that diversity across all age groups there will be strong price growth going forward.”He said it came as no surprise that Miami made the list as there were a few pockets in the area that were “really affordable”. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:12Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:12 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhen is the best time to sell or buy? Property cycles explained02:13 The Gold Coast is among the country’s best places to retire.THE Sunshine State has long been known as a haven for retirees but new research has pinpointed the best places to enjoy the golden years.The Gold Coast’s Miami as well as Coolum Beach and Peregian Beach on the Sunshine Coast were among the country’s top 10 suburbs to retire, according to RiskWise.The property researcher’s analysis examined lifestyle, relative housing affordability and building equity to identify the suburbs.RiskWise chief executive Doron Peleg said those leaving the workplace behind for good should consider all three aspects before buying their dream house for retirement. MORE NEWS: Apartment sales soar as prices fall RiskWise’s top 10 suburbs to retire and build equity.“Lifestyle varies from person to person – some are looking for a seachange, others a treechange, and there are many who want to be within easy distance of family,” he said.“When it comes to ‘relative affordability’, that too can depend on the individual purchaser. “For example, Byron Bay is relatively affordable for a well-off downsizer from Sydney and Melbourne but not necessarily for those moving from other areas.“And, of course, building wealth or equity over time is just as important as the two other factors …”The list included three suburbs in Queensland, five in NSW, one in Victoria and one in Tasmania.Coolum Beach on the Sunshine Coast came in at number six based on its 32.4 per cent capital growth over five years to record a $663,980 median house price.The Gold Coast’s Miami trailed behind (26.8 per cent to $722,570) followed by Peregian Beach (23.7 per cent to $867,425).More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agolast_img