Money Magazine

In search of greener pastures

In 2012, newly retired schoolteacher Laurie Lumley and his wife Jill packed up their life on the South Coast of NSW and moved to the Philippines. From the ocean-facing balcony in their new home 50 kilometres outside Cebu City, Lumley reflects on how different life would be had they stayed in Australia.

“In Australia, we could see the water, but we were probably about two kilometres back from the beach,” he says. “It’s also so cheap here compared to Australia, where costs have basically gone through the roof. This is my dream come true, but there’s no way we could afford this in Australia.”

The Lumleys are part of a cohort of Australians, estimated to be in the tens of thousands, who

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine1 min read
Why The Gym Should Be Tax Deductible
The Australian government uses the tax system to encourage us to invest in our superannuation to reduce dependency on the age pension when we retire. Similarly, it uses the tax system to encourage us to take up private health insurance to reduce dema
Money Magazine2 min read
NEWS&VIEWS
Just the title of this book is enough to pique the interest of anyone sick of working too hard for too little money and yearning for a more lavish lifestyle. Serial entrepreneur Noah Kagan says there has never been a better time in history for entrep
Money Magazine1 min read
How A Family Stands To Benefit
Lisa is a childcare worker on the minimum wage and is planning to start a family with her husband, Peter, once the Commonwealth’s paid parental leave covers 26 weeks off work and pays 12% super on top. She has a super balance of $30,000 and is in a d

Related Books & Audiobooks