In new research presented in an informative and entertaining session at the 2017 ASFA National Conference, Bernard Salt used Census data to describe how Australian retirees with property in capital cities are downsizing and diving into sea or climbing into tree changes. Some locations already have large numbers of retirees and in others the proportion of retirees is starting to grow significantly. At least some of this growth is driven by financial considerations. However, other factors can also be important. For instance, Tasmania and South Australia have higher proportions of older Australians, perhaps because some younger people have gone interstate...