With many economists expecting the Reserve Bank to start cutting interest rates in early 2025, returns on term deposits could feel the pinch. Private credit is an alternative, but those pursuing this investment option will need to do their homework – thoroughly.
It’s been a sharp learning curve, but super funds are learning how to better engage with their members, especially those in retirement. And members are responding positively, with 70 per cent saying they trust their fund to make the right decisions.
Victor Harbor: Small town vibe still offering big attractions
Outside of the capital Adelaide, South Australia is blessed with several excellent locations for retirement, but the one that is really turning heads is Victor Harbour. Nestled in the Fleurieu Peninsula about 85 kilometres from Adelaide, it’s a small community of 5,000 people that is fast becoming a favourite for retirees from all walks of life.
If you can see yourself waking up to the sound of waves gently lapping against the shore, and then taking a quick swim with panoramic views of pristine beaches and rolling hills before breakfast, then Victor Harbor offers just that.
After breakfast, you may want to go nature watching, and for that there’s the town’s iconic Granite Island, accessible via a charming horse-drawn tram (pictured). This scenic location provides postcard worthy coastal vistas, but just as many people visit for the chance to spot little penguins in their natural habitat.
Best of all, you’ll be able to enjoy this lifestyle all year. One of the standout features of Victor Harbor is its mild climate. With warm summers and gentle winters, the weather is ideal for an active, outdoor lifestyle. Whether it’s a beach outing, a round of golf or simply BBQ-ing up a storm, the temperate climate ensures you can enjoy your favourite activities without the extremes of heat or cold.
A good retirement location is as much about social lifestyle as it is about relaxation, and Victor Harbor excels in this regard. The town is known for a small village community vibe, and while it’s small enough to be quiet, it’s also large enough that there is a full calendar of activities to bring the community together around myriad hobbies and interests.
Access to quality healthcare is a crucial consideration for retirees, and Victor Harbor doesn’t disappoint in this regard. To meet your day-to-day needs and general health needs, there is the South Coast District Hospital offering a range of medical services. There is also a private hospital, and with that a broad range of specialists and allied health services. If you are in need of more specialist care, Adelaide is a little over an hour away.
Compared with the runaway property markets in the major cities, Victor Harbor offers a more affordable cost of living. Housing options range from modern apartments to charming cottages, often at a fraction of the price of metropolitan areas. This affordability extends to everyday expenses, making it easier for retirees to manage their finances and enjoy a comfortable lifestyle.
As far as convenience goes, you’ll rarely feel the need to leave. The town boasts a vibrant arts scene, with galleries, theatres and music events. The Coral Street Art Space and the Victor Harbor Art Show are just a couple of examples of the local artistic offerings. For those who enjoy staying active, there are numerous walking trails, golf courses and water sports. The Fleurieu Aquatic Centre is a popular spot for swimming and fitness classes. All the food and lifestyle shopping needs are met by the local retail precinct.
When you do want a night out on the town, Adelaide is nearby. This proximity allows retirees to enjoy the best of both worlds – the tranquillity of a coastal town and the amenities of a major city. Whether it’s shopping, dining or attending cultural events, Adelaide’s attractions are world class.
Finally, in terms of the kind of retirement accommodation available, Victor Harbor has it all. There are plenty of options for living independently, and then when you need additional support, there are also retirement villages and lifestyle communities. Many retirement communities provide world class and modern amenities, social activities and a supportive environment for seniors.
In so many ways, Victor Harbor meets the criteria of everything that a retiree could want. It’s peaceful and quiet but offers plenty of activities that can meet the needs and hobbies of everyone. It’s also enormously convenient, safe and secure. Little wonder that the town is drawing attention from people across the country looking for somewhere to settle down in retirement.
