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Where do you see yourself when retirement finally rolls around? Will you be pottering in your garden, strolling along a beach, joining a local book (or wine) club, or looking after the grandkids? For many Victorians, retirement is the beginning of a lifestyle they've been planning for years. And more Australians are looking beyond the major cities and embracing a sea change or tree change in a place that will give them affordable homes, good access to healthcare and an escape from the rat-race of life.
To uncover Victoria's best retirement destinations, Citro has paired data from its 300,000-strong community with insights from experts in housing, economics and demographics to spotlight the best coastal retirement locations in Australia. Its Australia's Top 50 Retirement Locations guide analysed towns and suburbs across five key pillars: housing affordability, housing availability, access to healthcare, transport infrastructure and lifestyle opportunities.
Within Victoria, the result is a diverse mix of coastal favourites, historic country towns and well-connected suburban pockets that offer plenty to look forward to in the years ahead. Of course, some locations featured on the list are for those with a substantial nest egg – think Melbourne’s premium suburb Brighton, where median house prices averaged $2.07 million in 2025.
But there are plenty of under-the-radar, small town communities offering something authentic and affordable like Victoria’s boating capital, Paynesville, where you can buy a property for around $540,000. Country towns, get ready for the ‘silver tsunami’.
Victoria's nine best locations for retirement:
Beechworth
History lovers will feel right at home in Beechworth, one of Victoria's most beautifully preserved Gold Rush towns. Surrounded by rolling countryside, wineries and acclaimed restaurants, it offers a relaxed pace of life with plenty of culture, character and community spirit.
Brighton
Brighton proves retirement doesn't have to mean leaving the city behind. With its iconic beach, colourful bathing boxes, excellent dining scene and easy access to the CBD, it delivers a sophisticated coastal lifestyle with all the conveniences close at hand.
Echuca
Life moves at a gentler pace in Echuca, where paddle steamers glide along the Murray River and river red gums frame the landscape. Its flat streets, cycling paths and vibrant waterfront precinct make it an appealing choice for active retirees.
Gisborne
Set against the backdrop of the Macedon Ranges, Gisborne offers country charm within commuting distance of Melbourne. Tree-lined streets, beautiful parks and a strong sense of community make it an attractive option for those seeking a peaceful yet connected lifestyle.
Maryborough
With its grand heritage buildings, leafy gardens and welcoming country atmosphere, Maryborough offers plenty of old-world charm. Strong rail links and excellent local amenities add practicality to its appeal, making it a standout in Victoria's Goldfields region.
Oakleigh
For retirees who thrive on good food, Oakleigh is hard to beat. Known as Melbourne's suburban Greek heartland, it's packed with cafés, restaurants and bars, all while remaining just a train ride from the CBD.
Paynesville
Often referred to as Victoria's boating capital, Paynesville is surrounded by the waterways of the Gippsland Lakes. Its laid-back atmosphere, scenic outlooks and easy access to the water make it a dream destination for boating enthusiasts and nature lovers alike.
Portsea
Portsea offers the kind of retirement many people only daydream about. Located at the tip of the Mornington Peninsula, it combines spectacular coastal scenery, beautiful beaches and an exclusive village feel that attracts those seeking a premium seaside lifestyle.
Rosebud
A long-time favourite among retirees, Rosebud combines relaxed beachside living with practical everyday conveniences. Set on the Mornington Peninsula, beautiful bay views and easy access to wineries, golf courses and walking trails.
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