Australians are some of world’s most adventurous seniors

Written By Stacey Moss

31 October 2018

Have you ever had the urge to go on safari in Serengeti National Park, Tanzania? Perhaps walk the Amalfi Coast? Or wanted to just fill up the tank and see where you end up in our great backyard? Well you’re not alone. There is a boom in travelling amongst senior Australians. According to Australian Bureau of Statistics data, in 2016, more Australians in the older age groups travelled overseas than in 2006, with people aged 60 years and over responsible for 17.2% of all departures in 2016.

As Australians are living longer and maintaining their health in retirement, they are taking the opportunity to stay active and experience new places and cultures. In fact, a seniors travel survey by Core Data found an increasing tendency among Australian seniors to take more exciting and sociable holidays. The survey revealed that many travelling seniors consider the package group tours supposedly designed for them to be a little boring and not offer enough adventure!

This fits with the picture being painted by Airbnb’s global statistics, which find its over-60s guests to be setting records as the fastest growing age group using the company’s booking website. Evidently, tech-savvy seniors all around the world are opting for unique, off-the-beaten-track experiences, which resulted in the number of Airbnb bookings by this age group growing by 66% over the past year.

At Heartland Seniors Finance, we have found that over 25% of our customers use their reverse mortgage for travel and holidays. It could be the bucket list adventure of a lifetime, a holiday at the beach with the grandkids, or a Grey Nomad road trip across Australia – our reverse mortgage could help you live the retirement you have dreamed of.

If you would like more information about reverse mortgages, you are welcome to request a free Information Pack, or give our friendly team a call on 1300 889 338.

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Information provided is accurate as at 27 October 2018 and may change from time to time. 

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