Retiring in Spain: No debt, no worries | Aussie's inspiring story

262,734
0
Published 2024-04-24
Subscribe and set 🔔 » 7news.link/YTSubscribe | The standard of living for pensioners in Australia is so, so hard. Which is why, for some, retiring overseas - on a full Australian pension - is a brillianbt option. Norah Ohrt lived most of her life in Perth, Western Australia. As a single woman approaching retirement, Norah realised that if she chose to stay in Perth, with her modest means, she would likely live in poverty. So, she investigated how to retire overseas - and found that by moving her whole life to the south of Spain she could afford to live where she wanted, and how she wanted, and in incredible style. This is how Norah did it. Portions of this story originally aired on Sunday Night in 2019. Now, we haver released it as a full documentary. 7NEWS reporter Anegla Cox travelled to Martos, in Andalusia, to meet Norah and see her incredible home and meet her friends.

KEY MOMENTS IN THIS VIDEO
CHAPTERS

0:31 How to retire in Spain
2:04 Why did Norah move to Spain?
4:00 Pensioners live in ‘poverty’ in Australia
6:25 How to buy a cheap house in Spain
10:10 The cost of a home in Spain versus Australia
12:48 Tour of Norah’s house
16:10 What lifestyle can retired Norah afford in Spain?
18:10 Cost of groceries in Spain
19:00 How to get full Australian pension if you retire overseas
20:05 Cost of healthcare in Spain
22:10 The medical facilities in Spain
23:04 Cost of bills and utilities in Spain
27:04 Does Norah ever get lonely?
28:06 Tips for learning the language and culture if retiring abroad
29:50 Why older people are revered in European cultures
31:50 Why cost of living in hard for retired Australians
35:10 Does Norah ever miss Australia?
37:30 The cultural differences between Spanish and Australian people
39:23 Norah’s plan for her house in Spain as a legacy for the arts


For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » 7news.com.au/
7NEWS Podcast » smarturl.it/7NewsDaily
Facebook » www.facebook.com/7NewsAustralia
Twitter » twitter.com/7NewsAustralia
Instagram » www.instagram.com/7newsaustralia/

7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Latest, and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes nightly at 6pm and weekdays at 11:30am and 4pm on Channel 7 and 7plus.

#retirement #spain #7NEWS

All Comments (21)
  • As a single middle aged woman You give me so much inspiration to live a better life,put back into a community that you loved in Australia and participate in your new community! People who see the negative in this story are ones who don’t understand how small businesses works How much small business puts into the tax system in Australia I hope more retirees watch this as it is a wonderful story of how to retire with dignity and respect
  • @brakaponter
    As a Spaniard living in Madrid, wishing this lady the best of the best here in our country.
  • The confidence that comes from a self sufficient elderly person is beautiful
  • @zina5552
    Retired Politicians in Australia live on a pension, starting at $200,000.00 whereas a retired citizens gets $26,000.00. This should be reassessed, it's madness.
  • @ralphede5918
    "I didnt feel brave. I just knew this was something i had to do". Good for you Nora and God bless.
  • @DGsa1661
    She looks SO happy and full of life. Bless your journey
  • These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
  • Nora you now live with such dignity. It is something many Australians are losing . The cost of living, violence and lack of morals is destroying Australia. I will be joining you with my Spanish speaking Mexican husband and son soon! We will be moving to stunning Andalucia in our late 50s ,which is just a few years away. You have done well Nora, bless you.
  • @tasmangirl
    i lived 15 years in Australia and became australian citizen in 2012 but life was so expensive that i came back to France near the spanish border and since i live very confortably , in Australia i was surviving .
  • @holisticself
    I’m 52 sole aussie women and I’m doing the same in 18 months, can’t wait 🎉🎉🎉… bye Australia
  • @tracymorgan5386
    This young lady is a great interviewer. I wish the best in her career.
  • @drissaudia1323
    30:54 She’s so right, back here in Australia the elderly are forgotten and shoved into nursing homes, whereas overseas they are more respected.
  • @terrylee005
    We are an 76 and 72 yo couple and we are off to a Greek island to live next year. Our research indicates the same applies there. Well done Norah.
  • @newhorizons9446
    A good friend of mine told me her mother use to always say. " we are not trees, we dont have roots so we can move around". I really love that and feel people sometimes forget this. You can always make new roots in new places. But you have to push yourself to grow. You really have to push yourself to integrate.
  • @johny3406
    Australians are being pushed out overseas to afford retirement. No longer the lucky country
  • I have always had my mind in retiring in Spain! And im only 40 now. How divine! Its just a greater way of living in mediterranea🩷 Some people are so stuck in their minds thinking one cant live elsewhere the world is huge!! Live your life dear and enjoy☺️🩷
  • @les8518
    Norah. Congratulations on your decision. I have to admired you. I did much the same for similar reasons when I decided to leave New Zealand and live in Thailand in 2011. I wish you all the very best and happiness.
  • @paulv5233
    Hi as an Irish/Australia who has just been in Spain visiting my childhood Dublin friend who’s retired I can tell you it’s a great place not only from a money point of view but just as the Nora said they really respect and cherish older people which I love. I also spend time in Thailand over the years and it’s the same thing the way older people are look at. She was exactly right when she said in Australia / Most Western countries people are so busy chasing the mighty dollar they have no time for the elderly just stick they in a nursing home or a small bedsit and forget about them it’s very sad.
  • @pinkvpn
    I learned something very precious, in a globalised world go where you are treated the best!