Dunsborough in the South West of WA in the 70s would have been rather nice - but now I would look elsewhere. I think 100 acres in Bridgetown would be lovely.
Living on a luxury boat would be great too - although I may get cabin fever.
I think retirement now doesn't mean retiring and nesting into one spot anymore. I would be travelling a lot and escaping the pressures of suburbia and major cities - it will mean freedom.
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