Where should I setup a bank account in Wollongong?

"Expats considering retirement in Wollongong should be aware of several important factors. Firstly, they should understand the cost of living, which can be higher than in other countries due to Australia's high standard of living. This includes housing, food, healthcare, and other daily expenses. They should also be aware of the healthcare system in Australia. While Australia has a universal healthcare system, known as Medicare, it may not cover all medical expenses. Expats may need to consider purchasing private health insurance to cover additional costs. Understanding the tax system is also crucial. Australia has a progressive tax system, and expats will need to determine their tax obligations both in Australia and their home country. Expats should also consider the climate in Wollongong. The city has a temperate oceanic climate, with mild, wet winters and warm, dry summers. This can be a significant change for those used to a different climate. The lifestyle in Wollongong is another important consideration. The city offers a relaxed, beachside lifestyle with plenty of outdoor activities. However, it is also a smaller city, so it may not offer the same level of cultural activities or nightlife as larger cities. Finally, expats should be aware of the visa requirements for living in Australia. This typically involves applying for a retirement visa, which has specific requirements around age, income, and investment in Australia. It's recommended to consult with an immigration expert to understand the process and requirements," said another expat in Wollongong, Australia.