Property TV
Login Register
Follow Us:
  • Home
  • Property News
  • Leaders
  • Properties
  • About
Latest: arrow arrow Coffs Harbour - ep2 2021 PropTech Awards Frank Sorrentino Adam Woods Coffs Coast Episode 1

24

March, Friday

Post image

Sponsored Message

Victoria’s top five downsizing destinations

11 March, 2019
Greg Oddy
Victoria is arguably Australia’s fastest growing retirement and downsizing destination.

The latest PwC/Property Council Retirement Living Census, released in November 2018, found that 1,291 new retirement village units are predicted to come to the market in the Victorian capital of Melbourne between 2018/19 and 2022/23.

This represents a stronger pipeline than Sydney, where 947 new units are predicted over the same period.

These figures represent only one segment of the downsizing market. For instance, they don’t count the rapidly growing number of Victorian land lease communities (where residents pay a regular site fee to lease the land where their home is located).

Given this, Downsizing.com.au decided to take a look at the State’s top downsizing destinations. We based on our analysis on the top suburb searches on our website in September 2018.

Mornington Peninsula

The Mornington Peninsula has long been a relaxing coastal holiday retreat for stressed-out Melburnians and it is now also an unquestionably strong downsizing and retirement destination.

The Mornington Peninsula Shire Council is home to 192km of coastline and has a very agreeable average summer temperature of 24 degrees and average winter temperature of 14 degrees. The area is easily accessible from Melbourne, with the opening of the Peninsula Link freeway in 2013 helping to cut travel times.

The council’s website proudly proclaims that the region has “an air that's reminiscent of the Mediterranean, with its vineyards and olive groves, its historic country house retreats and intimate hotels.”

Given the above, it is hardly surprising that Mornington is the most regularly searched suburb in Downsizing.com.au.

The council area’s ‘over 50s’ population jumped from 65,779 in 2014 to 71,702 in 2017, a rise of nine per cent. This compares to an overall growth rate for the council area of 6.5 per cent during the same period.

There are a wide range of downsizing options in the peninsula, both in terms of cost and location, including retirement villages, general apartments and land lease communities.

While Mornington, Rosebud and Sorrento are among the peninsula’s best-known suburbs, there are in fact 40 suburbs across both sides of the peninsula to compare and explore. Many of these are listed in Downsizing.com.au, including Hastings, Bittern and Mt Martha – so it is well worth doing your research online!

Geelong

The Geelong region has the best of both worlds – it is just a one-hour drive from the State capital of Melbourne while also having its own separate identity, culture and economy, and a relaxed coastal lifestyle.

The region is characterised by the multi-award winning Waterfront overlooking Corio Bay, the picturesque Bellarine Peninsula, the Barwon River, You Yangs Regional Park, wetlands, beautiful parklands and wildlife sanctuaries.

This has helped make the region a popular downsizing destination.

Geelong is the second most regularly searched Victorian suburb among Downsizing.com.au users – you can try this search here.

Between 2014 and 2017, the number of over 50s in the Greater Geelong council area has increased from 82,422 to 88,935, a jump of eight per cent. This is slightly lower than the area’s overall population increase of 9.2 per cent.

While the actual suburb of Geelong is small, the overall council area includes a number of suburbs well-known to downsizers – including Mt Duneed, St Albans Park and Ocean Grove.

The area includes a wide range of downsizing options to suit different budgets and tastes, including land lease communities, retirement villages, rental villages and apartments.

Berwick and Cranbourne

Berwick and Cranbourne are part of the City of Casey in Melbourne’s rapidly growing south-eastern suburbs. These two suburbs make up the third and fourth most popular searches on Downsizing.com.au.

For most of their history, dating back to the mid-1800s, the two suburbs were at the center of an agricultural district and regarded as being outside of Melbourne’s urban boundaries.

This all changed in the 1990s with the release of land for new housing estates.

Fortunately, you don’t have to drive too far outside of housing areas to still experience rural features such as horse studs and hilltops, while the region is also known for its beautiful gardens and parks (including the 39 hectar Wilson Botanic Park).

The City of Casey has seen its population jump by more than 43,000, from 2014 to 2017. The area’s s surging over 50s population has been a big part of this growth, jumping by 14 percent from 74,100 to 84,649.

These two suburbs allow over 50s to enjoy low-density, green and quiet downsizing options, while at the same time keeping them in easy reach of central Melbourne to visit friends and family.

Apart from Berwick and Cranbourne, you might also want to explore housing options in nearby suburbs such as Clyde and Hampton Park.

Pakenham

Pakenham is a satellite town of Melbourne, located some 56km south-east of Melbourne’s CBD. It’s located on the main railway line between Melbourne and Gippsland.

The area’s relative affordability, accessibility to the CBD and semi-rural setting make it a popular location for downsizers. A feature of the area includes Pakenham’s Lakeside Park and the Cardinia Aqueduct Trail.

The area has a number of new retirement villages and land lease communities built in recent year, and some are still under construction. Popular suburbs in and around Pakenham include Officer South and Beaconsfield.

These new projects are helping to service the booming number of seniors coming to the area. Between 2014 and 2017, the number of over 50s in the Shire of Cardinia (of which Pakenham is part) jumped by 18 percent from 24,109 to 28,266.

This article was written by Mark Skelsey, the News Editor at Downsizing.com.au

*This article was originally published on Downsizing.com.au.





Sponsored Message

 

Most Popular
  • Coffs Harbour - ep2

    pTV Editor 23 June, 2021

    In episode two of Regional TV Coffs Coast, Bruce tours the local sites in Sawtell and discovers a few interesting locals,…...

  • 2021 PropTech Awards

    pTV Editor 13 June, 2021

    The inaugural PropTech Awards, sponsored by Ashurst and streamed LIVE by Property TV....

  • Frank Sorrentino

    Michael Stoler 21 May, 2021

    ConnectOne Bank, founded by chairman and CEO, Frank Sorrentino and other civic minded business leaders, named one of the Best Performing Community Banks…...

Sponsored Message

Latest
recent post
Mar 24, 2023

Binge on Property TV

read the article

recent post
Mar 24, 2023

Airbnb's Entry into Property Management

read the article

recent post
Mar 24, 2023

Are home buyers fleeing Australian capital cities?

read the article

recent post
Mar 24, 2023

Home Loan Values Hit Pre GFC

read the article

Sponsored Message

Similar

preview 1 of 1 preview
portfolio image

The downsizing market is larger than you think

portfolio image

Do you know what downsizers are looking for?

portfolio image

How you can help customers planning to downsize

portfolio image

The downsizing market is larger than you think

portfolio image

Deconstructing Downsizing

portfolio image

Victoria’s top five downsizing destinations

portfolio image

What matters to downsizers – developers take note

portfolio image

Even former PMs are downsizing

portfolio image

Important considerations for downsizers

portfolio image

NSW Central Coast development ideal for downsizers

portfolio image

How to declutter your way to downsizing bliss

portfolio image

Mandatory buyback reforms expand across Australia

portfolio image

Downsizers feasting on flat property market

portfolio image

Strong interest in new Iluka seniors living project

portfolio image

The burgeoning downsize market – Greg Oddy

portfolio image

Downsizing Show 6: The decisions that drive downsizing

portfolio image

Seniors win ongoing Queensland Government concessions….but is it enough?

portfolio image

New rules will allow you to tip $1.2m into super from downsizing

portfolio image

How downsizing is a growing mortgage-busting option in retirement

portfolio image

Eviction ban and greater financial support needed for renting pensioners, academic says

portfolio image

How are seniors using technology?

portfolio image

‘Strictest in Australia’: Retirement living developers on high alert about NSW mandatory buybacks

portfolio image

Launch of Downsizing.com.au links developers and agents to lucrative over 50s market

portfolio image

The Ingenia Lifestyle

portfolio image

Live like an ambassador + Rub shoulders with Barbie + Oldest regional city tops Sydney return and more!

portfolio image

Six questions to ask to ensure you find the perfect land lease community

portfolio image

How you can keep working...and still downsize into a ‘retirement community’

portfolio image

From sleeping aids to driver-less cars: the amazing new gadgets in over 50s property

portfolio image

New report shows how retirement village consumers can save thousands by shopping around

portfolio image

New $3.5M “private members” country club starts construction at Toowoomba

portfolio image

Stamp duty and consumer protection boost to off-the-plan downsizing sales

portfolio image

Coronavirus motivating Australians over 50 to downsize

portfolio image

Grays Property Anatomy

portfolio image

I Want to Rightsize, But How and When Do I Find My New Home

portfolio image

How can I afford to Rightsize

portfolio image

How Furniture Hire Can Get you The Sale

portfolio image

Roster and Rewards

portfolio image

Angela Lillicrap and Mark Skelsey

portfolio image

Coffs Coast Episode 1

portfolio image

Coffs Harbour - ep2

Prev
Next
preview 1 of 1 preview
portfolio image

Coffs Harbour - ep2

portfolio image

Coffs Coast Episode 1

portfolio image

Angela Lillicrap and Mark Skelsey

portfolio image

Roster and Rewards

portfolio image

How Furniture Hire Can Get you The Sale

portfolio image

How can I afford to Rightsize

portfolio image

I Want to Rightsize, But How and When Do I Find My New Home

portfolio image

Grays Property Anatomy

portfolio image

Coronavirus motivating Australians over 50 to downsize

portfolio image

Stamp duty and consumer protection boost to off-the-plan downsizing sales

portfolio image

New $3.5M “private members” country club starts construction at Toowoomba

portfolio image

New report shows how retirement village consumers can save thousands by shopping around

portfolio image

From sleeping aids to driver-less cars: the amazing new gadgets in over 50s property

portfolio image

How you can keep working...and still downsize into a ‘retirement community’

portfolio image

Six questions to ask to ensure you find the perfect land lease community

portfolio image

Live like an ambassador + Rub shoulders with Barbie + Oldest regional city tops Sydney return and more!

portfolio image

The Ingenia Lifestyle

portfolio image

Launch of Downsizing.com.au links developers and agents to lucrative over 50s market

portfolio image

‘Strictest in Australia’: Retirement living developers on high alert about NSW mandatory buybacks

portfolio image

How are seniors using technology?

portfolio image

Eviction ban and greater financial support needed for renting pensioners, academic says

portfolio image

How downsizing is a growing mortgage-busting option in retirement

portfolio image

New rules will allow you to tip $1.2m into super from downsizing

portfolio image

Seniors win ongoing Queensland Government concessions….but is it enough?

portfolio image

Downsizing Show 6: The decisions that drive downsizing

portfolio image

The burgeoning downsize market – Greg Oddy

portfolio image

Strong interest in new Iluka seniors living project

portfolio image

Downsizers feasting on flat property market

portfolio image

Mandatory buyback reforms expand across Australia

portfolio image

How to declutter your way to downsizing bliss

portfolio image

NSW Central Coast development ideal for downsizers

portfolio image

Important considerations for downsizers

portfolio image

Even former PMs are downsizing

portfolio image

What matters to downsizers – developers take note

portfolio image

Victoria’s top five downsizing destinations

portfolio image

Deconstructing Downsizing

portfolio image

The downsizing market is larger than you think

portfolio image

How you can help customers planning to downsize

portfolio image

Do you know what downsizers are looking for?

portfolio image

The downsizing market is larger than you think

Prev
Next
Property TV

The first and only streaming platform for property

Property TV Show Highlights
Property News
  • Binge on Property TV
    pTV Editor
    Looking for some informative property content to watch? We have so much for y
  • Are home buyers fleeing Australian capital cities?
    Lauren Staley
    As Melbourne progresses towards COVID-normal, what’s clear is that we need
  • Rip Curl Founder Buys $22m Byron Bay Home
    pTV Editor
    Earlier this year, Michael Coombs of LJ Hooker Avnu, sold Geoff Morgan's home
  • Home Building Will End The Recession
    pTV Editor
    “The surge in demand for new detached homes will he
  • iBuyer Market Share Set to Drop By Half in 2020
    Mike DelPrete
    Mike DelPrete is a global real estate tech strategist and scholar-in-reside
  • Holiday Homes Becoming Full-Time Residences
    pTV Editor
    More U.S. Second-Home Locations Becoming Full-Time Residences Lake Tahoe, th
Recent News
  • Binge on Property TV
  • Airbnb's Entry into Property Management
  • Are home buyers fleeing Australian capital cities?
  • Home Loan Values Hit Pre GFC
  • Rip Curl Founder Buys $22m Byron Bay Home
  • Home Building Will End The Recession
Sponsored By

24

March 2023, Friday

  • Home
  • Contact us
  • Privacy
  • Terms of Service
  • Story Request
  • Our Presenters
  • Advertising
  • LIVE Streaming Services
Copyight © 2018 Property TV - pTV

Rating