As if we don’t have enough already, from HSBC:
Australia is the second most desired destination for retirees globally due to its relaxed lifestyle, weather and culture. Local retirees, however, are struggling to realise their retirement hopes and aspirations, according to HSBC’s Future of Retirement report.
HSBC’s Future of Retirement report surveyed 16,000 people in 15 markets worldwide including 1,000 respondents in Australia to understand the issues associated with ageing populations and increasing life expectance globally.
Australia a top retirement destination globally.According to the research, Australia is the number two retirement destination globally after the USA, among the world’s 17% of working age people planning to move abroad for retirement.
Australia is viewed as a top retirement destination globally because of the relaxed lifestyle (65%), better weather (44%) and the opportunity to broaden cultural horizons (38%).
However, Australia is not seen as a low cost retirement destination, with only 25% of retirees citing the cheaper cost of living as a benefit of coming to Australia (compared to the 30% global average).
Graham Heunis, Head of Retail Banking and Wealth Management for HSBC in Australia, said: “Within Asia, Australia is particularly attractive, with respondents from Singapore, Malaysia and India rating Australia as their number one destination for retirement. Retirees from these countries said apart from the Aussie lifestyle, weather and culture, accessing better healthcare facilities is key to their Australian retirement aspirations.”
