Greater Bendigo, Victoria — The city offers a compelling retirement destination for seniors seeking a vibrant and fulfilling lifestyle. With its rich history, cultural attractions, and supportive community, Bendigo provides an ideal setting for retirees.
This article examines the feasibility of retiring in Greater Bendigo, highlights seniors programmes in the area, and explores how an equity release solution can aid in relocation or resettlement.
Positive Ageing Action Plan (PAAP) 2023-2025
In June 2023, the City of Greater Bendigo passed the Positive Ageing Action Plan (PAAP) 2023-2025 after deliberations following a round of public feedback in February and March 2023. The roadmap, to be made effective on 1 July, outlined the initiatives the city government is aiming to implement for the elderly population.
The PAAP acknowledged statistics showing that amongst the 121,878 residents per the 2021 Census, 31,827 were over 60 years old. Eleven percent of them were foreign immigrants, some of whom did not speak English at home. Plus recording 3,450 carers at least 65 years old.
The City also noted signs that the suburbs of Heathcote, Elmore, East Bendigo, Eaglehawk, Kangaroo Flat-Big Hill, and Strathdale could probably have at least 30 percent of their residents in the over-60 category by 2036.
The Appeal of Greater Bendigo for Retirement
Greater Bendigo boasts a range of attributes that make it an attractive retirement destination. The city offers a welcoming and inclusive community, affordable housing options, and a range of amenities and services tailored to the needs of seniors.
With a strong focus on arts, culture, and recreational activities, Bendigo provides a vibrant and engaging environment for retirees to enjoy their golden years. The city also detailed its safe and secure environment in the PAAP, showing commitment to anti-elder abuse/ageism initiatives and medical emergency support for seniors, such as advisories on heat health.
Lifestyle and Amenities in Greater Bendigo
Retirees in Greater Bendigo can enjoy a diverse range of lifestyle options and amenities.
The city offers a thriving arts and cultural scene, including galleries, museums, and performing arts venues. Residents can explore historical sites, picturesque gardens, and enjoy the numerous parks and recreational spaces.
Dining options may be an attractive idea for seniors wanting to test their taste buds. Bendigo’s food and wine scene earned it a spot in UNESCO Creative Cities Network’s Regions of Gastronomy listing in 2019.
The Bendigo Health Hospital and other healthcare facilities ensure easy access to quality medical services, providing peace of mind for retirees.
Seniors Programmes and Support
The city of Greater Bendigo is committed to supporting its senior residents with various programmes and initiatives. It actively promotes social inclusion, health and wellbeing, and lifelong learning for seniors.
Programmes such as the Bendigo Senior Citizens’ Expo, the Seniors Festival, and the Age-Friendly Communities initiative aim to enhance the quality of life for older adults in the region. These programmes provide opportunities for socialising, accessing resources, and participating in activities tailored to seniors’ interests.
The PAAP 2023-2025 report noted government efforts with Goldfields Library Corp and the Bendigo Community Health Service to organise wellness programmes for senior residents.
Affordable Housing Options
One of the significant advantages of retiring in Greater Bendigo is the availability of affordable housing options. The city offers a range of housing choices, including retirement villages, independent living units, and residential aged care facilities. These options cater to various budgets and preferences, allowing seniors to find accommodation that suits their needs and financial circumstances.
Government Support and Assistance
Retirees considering Greater Bendigo as their retirement destination can benefit from various government support programmes. The Victorian Government offers initiatives and services tailored to seniors, including the Seniors Card programme, which provides discounts on a range of goods and services. The Home and Community Care (HACC) programme provides support services to help seniors maintain their independence and wellbeing.
Embracing Community Engagement
Retirement in Greater Bendigo offers opportunities for community engagement and active involvement. Seniors can participate in volunteer programmes, community groups, and social clubs tailored to their interests. Engaging with the local community fosters social connections, a sense of belonging, and personal fulfilment, contributing to a more fulfilling retirement experience.
Planning and Preparation
Before relocating or resettling in Greater Bendigo, careful planning and preparation are fundamental. Evaluate your financial situation, explore housing options, and consider engaging with financial advisors and retirement specialists.
Thoroughly research the different seniors programmes and support services available in the area to make logical decisions that align with your lifestyle preferences and needs.
Seniors in search of a lively and supportive community can find Greater Bendigo to be an attractive choice for their retirement. With its range of seniors programmes, affordable housing options, and active lifestyle amenities, the city provides a fulfilling retirement experience.
The ASAG Reverse Mortgage
For seniors considering relocation or resettlement to Greater Bendigo, a reverse mortgage can be a viable financial tool.
The ASAG Reverse Mortgage in Victoria allows homeowners aged 60 and above to access the equity in their homes — providing additional funds to support their retirement plans. This can be particularly useful for covering relocation expenses, funding renovations, or supplementing retirement income. Although, it’s necessary to carefully consider the terms, fees, and potential impacts on inheritance when considering a reverse mortgage.
For more details on our equity release facilities and how they work, please contact our ASAG team. To reach us, you can call 1300 002 724 or send an email to inquiry@asagfirst.com.au for any enquiries or assistance.
To begin the process, you can also use the tool provided below to assess your available equity.