Florida Down Under: SEQ to become retirement capital
A GREY wave of retirees could see southeast Queensland become Florida Down Under.
The region's climate and coastal lifestyle could lure hundreds of thousands of cashed-up Baby Boomers as their working years come to an end, Bernard Salt predicts.
Those aged 65 and older will account for one in three of the additional population arriving in the region over the next 25 years - an extra 32,000 residents of retirement age every year.
While the overall population of southeast Queensland will climb 44 per cent by 2035, according to Australian Bureau of Statistics projections, the 65-plus cohort will effectively double, going up 96 per cent.
"The next 25 years will be defined by the retirement of the Baby Boomers," Mr Salt, managing director of The Demographics Group, said.
Read the full story at the Courier-Mail