If was Corporal Jones from Dad’s Army who used to utter that immortal phrase, “don’t panic”. It’s advice retirees watching the value of their portfolios shrink in response to Trump’s economic nostrums should heed.
While the APRA funds benefited from a surge in overseas equity markets in 2022-23, over the past five years to June 30, 2023, SMSFs have outperformed them, on average, by 1.2 percentage points a year.
Swansea’s idyllic setting makes it ideal for a leisurely retirement
Here’s a trivia question that few people would guess. What was the third municipality to be established in Australia after Sydney and Hobart?
Many might say Parramatta, which, before the first Sydney-to-Parramatta rail line opened in 1855, was a journey to Sydney measured in hours, not minutes. Others might say Launceston that was founded one year later than Hobart in 1804. Richmond, perhaps, in Sydney’s northeast, which was a day’s journey to the colony’s capital in the horse and buggy era.
They would all be wrong. It was Swansea, nested on Tasmania’s east coast, about 133 kilometres from Hobart. Today, this coastal retreat on the western side of Great Oyster Bay, offers an idyllic setting for retirees seeking a peaceful and fulfilling lifestyle. With its stunning natural beauty, welcoming community and excellent amenities, Swansea is an ideal retirement destination well suited to that lifestyle.
Come for the natural beauty: Swansea is renowned for its breathtaking landscapes, including pristine beaches, rolling hills and lush vineyards, while offering panoramic views of Freycinet Peninsula and the iconic Hazards mountains. Retirees can enjoy leisurely walks along the beach, explore nearby national parks or simply relax and take in the serene surroundings. Essentially, Swansea is an ideal location for anyone that wants to escape the noise of the city and settle at a more relaxed pace.
Stay for the community: One of the most appealing aspects of Swansea is its close-knit and friendly community. The permanent population is only around 1,000, and this means it has the kind of community where everyone knows one another. Residents are well known for their hospitality, often helping strangers settle on arriving. In addition, regular events and activities provide plenty of opportunities to catch up and enhance community ties.
Convenience of a much larger town: Despite its small size, Swansea offers a range of amenities and services catering to the needs of retirees. Medical facilities are particularly important for retirees, so the good news is that the town does have a medical centre. Additionally, there are several pharmacies, and in the event of needing specialist care or an emergency, Hobart is less than two hours away by car.
Outside of healthcare facilities, there is a post office and supermarket, so everything that you need to run errands and access essential services is there. For those who enjoy dining out, Swansea boasts a variety of cafes and restaurants serving local cuisine, including fresh seafood and produce from nearby farms.
This food bonanza is due to the town being such a popular tourist destination, so, while the permanent population is small, it always seems vibrant. You’ll get to know all your neighbours, but also meet new people as they pass through.
Hobbies to suit all tastes: Swansea is a haven for outdoor enthusiasts, offering a wide range of recreational activities that cater to all interests and fitness levels. They can indulge in activities such as fishing, boating and kayaking in the crystal-clear waters of Great Oyster Bay. The town is also home to several golf courses, providing a perfect setting for a leisurely walk. Then there are numerous walking and cycling trails showcasing the region’s natural beauty. Additionally, Swansea’s proximity to the Freycinet National Park means that retirees can easily explore its stunning landscapes, including Wineglass Bay (pictured), one of the most photographed beaches in the world.
A lifestyle you can afford: One of the key advantages of retiring in Swansea is that it’s affordable. Compared with larger cities, housing and everyday expenses are relatively low, allowing retirees to stretch their retirement savings. The town offers a range of housing options, from charming cottages to modern apartments, catering to different preferences and budgets. This affordability, combined with the high quality of life, makes Swansea an attractive option for retirees looking to make the most of their golden years.
