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Determining what home is best for retirement in Surfers Paradise

By Andrew Bell

For those who are looking to retire in the near future, relocation is often the second thought. Once you’re done with the job and ready for a life of leisure, a big home isn’t always practical. The Gold Coast is one such place that makes for a great spot to retire to if you can find the right home.

Today, we’re going to help you find the perfect place in Surfers Paradise to retire.

Consider your cost of living 

Before you even begin to look at houses, you have to do some financial planning and plot out what your basic cost of living will be. A retirement budget should include your fixed expenses like rent or mortgage payments, utility bills and medical costs. Use the last year’s bank account and credit card statements to determine what your spending will look like.

Once you know your regular expenses, you have to factor in how you will be spending your time. Are you going to live an active lifestyle, or will you be more of a quiet homebody? Expensive and inexpensive hobbies alike will need to be put into your budget.

Assessing Surfers Paradise neighbourhoods 

You next need to consider your location. Determining where you want to live looks at the cost of living budget you’ve just calculated as well as your personal needs. If you need to see your doctor on a routine basis, but move to a place that’s a 45-minute drive away from the office, you’re not exactly optimising your time, or health. Of course, if you want to spend every day at the beach, you don’t want to be a 45-minute drive away from there either.

Considering these needs will help narrow down the neighbourhoods you’ll be looking at.

Finding the right home 

Now you’re ready to find your house! To do this, you need to consider your lifestyle and budget. Do you need the big two-storey house right on the main beach, or does it make more sense to look at one-storey villas a couple of blocks from the shore? Once you know how you’ll be using your house or apartment all you need to do is look for aesthetics. This entire process has hopefully narrowed down your options, making finding the right home for you easy!

If you need further information on what neighbourhoods are best for your lifestyle or require assistance finding the perfect home, partner with Ray White Surfers Paradise. Our team can provide great insight into the Gold Coast property market – just contact us today to get started.

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