Not everyone fears retirement but for those who do, it can be a scary prospect with concerns about how to use time in a meaningful way and a loss of identity swirling through the head. The cost of living is a major worry, but if you’re living in NSW and planning ahead for your golden years, you can breathe easy. The state is increasingly emerging as a popular retirement spot thanks to its lush landscapes, crystal clear waters, sunny weather and vibrant small towns. A recent study by World Atlast revealed the top 7 most affordable towns to retire in NSW for those looking to slow down. The historical town of Goulburn came out on top thanks to its retirement benefits and affordable housing. The town also boasts rural landscapes, heritage architecture and country charm in spades.
Most affordable towns to retire in NSW
Goulburn is of course, most popular for The Big Merino, one of NSW’s most iconic big things. But the small town also has plenty to offer in terms of shopping and cultural and recreational activities. The town was lauded for its affordable real estate market which offers a diverse variety of housing options without the need to sacrifice quality and its community living which is ideal for retirees. The website stated that “the presence of serene parks and the iconic Big Merino statue echo the town’s pastoral charm and agricultural heritage, providing a scenic and tranquil setting for retirees.”
It was followed closely by Armidale, one of our favourite autumn destinations in NSW. With a balanced cost of living, a close-knit community atmosphere, leisure activities and some truly beautiful natural landscapes, Armidale is an excellent place to spend your retirement in.
Mudgee, Coffs Harbour and Albury rounded out the top 5 most affordable towns to retire in NSW. Albury was also voted the best town in Australia in 2023 and hailed for its housing market and healthcare services.
The coastal towns of Port Macquarie and Ballina, home to the “Big Prawn” were ranked 6th and 7th on the list.
Get more info about all the affordable retirement towns in NSW here.