News

Australians retiring on the cheap in Asia

PACK UP: Writers Stephen Wyatt and Colleen Ryan at home in the Byron hinterland.
PACK UP: Writers Stephen Wyatt and Colleen Ryan at home in the Byron hinterland. Christian Morrow

RETIRING overseas to Asia, where the cost of living can be anywhere between 50-80 per cent cheaper, may be the best way for retiring baby boomers to make the most of their less than spectacular superannuation savings.

Sell up, Pack up and Take Off by Byron Bay writers Stephen Wyatt and Colleen Ryan is a practical guide to doing just that.

As well as the cold facts, there are stories of those who are already living well in Asia and Europe, making their savings go further and often living in better houses, with a better social life, more luxury and more adventure.

Not only does it make sense financially for these retirees, but many also take on a new lease on life.

"They are going out every night and almost without exception people said they felt younger," said Stephen.

The couple came up with the idea for the book when they were working in China. They travelled extensively in south-east Asia and met Australians who had retired there.

"Many took advantage of specialised retirement visas that are becoming more available, such as the 10-year Malaysia My Second Home visa," said Colleen.

Their book contains inside info on the tricks and traps of buying or renting a house, getting a visa and perhaps most importantly, how to manage your health insurance, pension, super and tax

"The number of boomers finishing their working life over the next 25 years is going to go from three million to eight million," said Stephen.

Topics:  byron shire, retirees


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

LETTER: Gold Coastification of Byron Bay

ROCKING BELONGIL: Members of Byron Residents Group, Andrew Murray, Kate Coorey and Dialan Pugh at last year’s Save Our Beaches rally. Photo: Lyn McCarthy

Local community group urges locals to act over Byron development.

Searching for meaning in Byron Bay with Hugh Mackay

BYRON WRITERS FESTIVAL: Author and social researcher Hugh Mackay

Social researcher Hugh Mackay will talk next Wednesday in Byron.

Sing and support Circus Arts Curryoke

ACTING THE FOOL: Support, swing and sing at the same time.

Friends of Circus Arts “Curryoke” night is on this Saturday.

Latest deals and offers

Is it ice cream? Is it poo? It’s Splendour art

THIS year's festival art includes a fitting homage to the king of emojis.

LETTER: Gold Coastification of Byron Bay

ROCKING BELONGIL: Members of Byron Residents Group, Andrew Murray, Kate Coorey and Dialan Pugh at last year’s Save Our Beaches rally. Photo: Lyn McCarthy

Local community group urges locals to act over Byron development.

Searching for meaning in Byron Bay with Hugh Mackay

BYRON WRITERS FESTIVAL: Author and social researcher Hugh Mackay

Social researcher Hugh Mackay will talk next Wednesday in Byron.

Sing and support Circus Arts Curryoke

ACTING THE FOOL: Support, swing and sing at the same time.

Friends of Circus Arts “Curryoke” night is on this Saturday.

Watch Tralala Blip perform live at TEDxSydney

ON THE SPOT: Northern Rivers electronic music band Tralala Blip.

From 9am at the Sydney Opera House

Five songs to survive Splendour if you are over 40

THE ONLY NAME YOU RECOGNISE? British rock band The Cure will headline the 2016 Splendour in the Grass music festival.

Listen to some of the Splendour music gems beyond The Cure

Failed funding bid won’t stop the show at NORPA

HIT: NORPA's 2015 production of Railway Wonderland.

No NORPA shows affected after funding rejected by Australia Council.

Perfect time to invest in Northern Rivers property

The Northern Rivers rental market is tighter than Sydney making it the perfect time for investors to get better returns out of property than superannuation or banks deposits.

Low interest rates and tight rental market are prime time to invest