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Golden Years in Central West NSW: Ranking Suburbs by Number of Pensioners Enjoying Retirement
The number of people receiving Age Pension payments provided by Centrelink. The pension is paid to people over the qualifying age of 66.5 years if the value of their income and assets is under the threshold specified by Centrelink. The qualifying age is set to be 67 from the 1st of July, 2023.The data on the number of people on pensions in different suburbs can be useful for property investors and those looking to move as it provides insights into the livability of a particular area. For instance, suburbs with a high number of people on pensions may indicate a more affordable cost of living, which could be attractive to those on a tight budget. On the other hand, it could also suggest a lack of job opportunities or a higher concentration of retirees, which may not be ideal for younger families. Additionally, the data could be useful for investors looking to purchase properties in areas with a high demand for affordable housing. Overall, the data on people on pensions can provide valuable insights into the social and economic dynamics of different suburbs, which can inform decision-making for a range of stakeholders. Data from 2019
