When we think of locations where empty nesters choose to downsize, images of sleepy coastal villages often come to mind. In fact, nothing could be further than the truth.
SeniorsHousingOnline.com.au and Downsizing.com.au looked at the suburbs across Australia that attracted the most enquiries from downsizers during March and April 2018. It’s a fair bet the top ten will surprise you.
Bayview tops the league table
Australia’s most popular suburb for downsizing is Bayview in the Northern Beaches of Sydney. There’s a lot to love about Bayview, and while it features many large and impressive homes, it also offers a number of modern apartment developments especially in Minkara Road and Cabbage Tree Road, with some surprisingly affordable prices. And for many people, it really does offer the best of both worlds, combining an attractive "sea-change" beachside lifestyle with all the convenience and benefits of staying in the city.
North Shore dominates top ten downsizer suburbs
What’s equally intriguing is the way Sydney’s North Shore dominates the most popular suburbs for downsizing.
According to Hugh Macfarlan, Director, Raine & Horne HM Group, the North Shore tends to be one of those regions where residents retain a lifelong loyalty to the area – and with good reason.
The North Shore is well-serviced by public transport with a good rail network that will be supplemented by the new metro system. The completion of North-Connex road link will further enhance local amenity.
Hugh adds, “The North Shore has generous retail and recreational facilities, and there is a wealth of good hospitals from the Royal North Shore in St Leonards to the new Northern Beaches Hospital in Frenchs Forest, which are supplemented by numerous private hospitals.”
A wide choice for downsizers on the North Shore
“We do occasionally see North Shore residents downsize to places like Queensland,” says Hugh. “But they tend to drift back to be close to family.” And when they do, downsizers on the North Shore are most likely to favour low rise boutique apartments rather than high rise unit blocks.
SeniorsHousingOnline.com.au and Downsizing.com.au feature a diverse range of downsizer homes on the North Shore, and it really is an area with something for everyone from eco-friendly features to the ability to sit back and enjoy harbour views.
We’ll be looking more closely at some of the other top suburbs for downsizing in the weeks ahead!
Australia’s top ten suburbs for downsizers
Greg Oddy is Director of Sales and Marketing for SeniorsHousingOnline.com.au and Downsizing.com.au