A spend of around $500,000 goes a long way when you’re downsizing, which is one of the many benefits of entering this exciting new phase of your life.
According to the latest national property figures, Australia’s median house price is $955,927, a jump of 18.8 per cent over the year so far.
While this is not necessarily good news for people who want to enter the general housing market, it is a happy situation for downsizers who want to sell up and move.
This is because there are many retirement living homes across Australia available for just $500,000, which means that after selling, you are more than likely to have plenty of money left over in the kitty to travel, indulge yourself in your favourite hobby or spoil your family.
Below are a selection of retirement living homes available for around the $500,000 mark across Australia.
Make a splash at Hervey Bay in Queensland
Just north of Brisbane, Hervey Bay is the world’s First Whale Heritage site and it’s certainly not short on natural beauty with an excellent climate.
It’s also the setting for Latitude25, RV Lifestyle Community at Nikenbah.
Prices start from $450,000 for an architect designed, energy rated home in this secure gated community with resort style facilities.
Recently a two bedroom, two bathroom home with a two car garage was on the market there for $495,000 and included European appliances, stone bench tops and generous entertaining areas.
The facilities include a clubhouse, terrace, games room, cinema, private dining room, barbecue hut, swimming pool tennis court and bowling green plus so much more.
Finding joy In Geelong
Just one hour from Melbourne, Geelong has it all from stunning scenery, historic seaside villages and the sumptuous food and wine from the nearby Bellarine Peninsula.
Check out an Impressive modern two bedroom, two bathroom unit for $450,000 at Lendlease's Windsor Park retirement village at the Geelong suburb of St Albans Park.
Windsor Park includes landscaped gardens and walkways and many facilities - from a plush billiard room to a bowling green, in this very lively community.
It all adds up In Adelaide
Downsizers will be able to retire in style at this $455,050 two bedroom villa at Stockland's Grange retirement village just 11kms from Adelaide's CBD.
It boasts solar panels, reverse cycle air conditioning, a private courtyard, garage - everything that a downsizer needs to live well including a well appointed kitchen.
Grange is an upscale area with lots of interesting shops and cafes, while the facilities in this friendly village include community hall, bowling green, alfresco BBQ area and more.
Freewheeling In the West
Spend $475,000 and live it up in the fashionable architecturally designed, two bedroom, one bathroom apartment at The Reserve, in Alchera’s community-focused Weeronga village.
This fashionable gated complex has a swimming pool, clubhouse and many opportunities for socialising.
It’s also close to the beach with boating facilities, a golf course and there’s a bowling green close by. You may feel like investing in a whole new resort wardrobe when you step out at The Reserve. And since Perth is also the gateway to Asia, this is a magnificent base for your travels.
Picture yourself in Port Stephens
Find your forever holiday in a stylish, pristine two bedroom villa at the Sunrise Over 55s Lifestyle Resort in Anna Bay, Port Stephens for $525,000.
Situated between verdant countryside and beaches, your two bedroom villa has its own garage, reverse cycle air conditioning, open plan living spaces and a rear alfresco entertaining area. It’s a brilliant compact family home with the facilities of community living including a choice of two swimming pools, a wellness centre and the popular Sports Bart & Grill. There’s also many social activities to connect with other residents.
Close to the Pacific Highway and in easy reach of Newcastle Airport, Birubi Beach is 10 minutes away, as well as Shoal Bay and One Mile Beach. It’s a beach tripping, cafe hopping wonderland.
Find true happiness In Hobart
You could settle in a multi-award winning retirement village in Tasmania where your dollar buys so much more with unit prices stating at $370,000.
Close to the Hobart Rivulet, Vaucluse Gardens offers you tranquility and elegance in its contemporary design. There’s landscaped gardens, a swimming pool, a clubhouse, cafe and 24/7 medical help on hand.
With 119 stylishly appointed one to three bedroom apartments, you’re sure to find the right one for you. Meanwhile there’s so much to discover in the stunning countryside of Tasmania with its incredible walking tracks or just take time out enjoying some of the finest wines and seafood and cheeses produced in Australia.You’ll wonder what you’ve been waiting for.
With the property market escalating all over Australia, there’s never been a better time to cash up and make the great escape to a new healthy life, which will nourish every part of you.
Comment from our CEO
According to Downsizing.com.au co-CEO Amanda Graham said it had long been the case that retirement living properties were available at a discount to surrounding properties.
“If you decide you want to stay in the same area, retirement living properties can offer real value for money in addition to the many social and lifestyle benefits. However, if you are prepared to move to a different area, perhaps a coastal or regional location, then the financial reward from downsizing your home can really stack up very well if you are selling up in the city.”
“This is a fantastic time for downsizers to be selling up and taking advantage of the current property market to set themselves up for this next stage in their lives.”
Downsizing.com.au has Australia's best range of retirement living properties - start your search here today.