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Looking for a retirement village villa or unit to buy or rent?
Retirement villages are a very popular choice for downsizing seniors, as they offer independent living in a community setting with access to shared facilities, leisure and social activities, with optional support services if needed. Many retirement villages provide both independent living villas or units and serviced apartments providing meals and other support services for those aged 55 and over.
The benefits of living in a retirement village include security and low maintenance living, as well as assistance in the event of declining health. Most offer emergency call buttons, dining rooms and clubhouses, with swimming pools, golf courses, and bowling greens becoming increasingly common. Catering to the high expectations of more affluent and sophisticated babyboomer retirees, the trend in recent years has been the development of modern retirement communities offering luxury homes in a resort-style setting, with discreet hotel-style support services if needed.
There are thousands of retirement villages all around Australia offering a wide variety of facilities and styles of accommodation, and price points from budget to several million dollars, with senior rental villages also available. The fees and charges and conditions of occupancy will vary widely so it is wise to ‘shop around’, make comparisons and then get legal and financial advice before you commit.
When buying a retirement village unit the occupancy arrangements may differ from other types of residential property ownership. In retirement villages it is common for occupancy rights to be determined by loan and licence agreements; leasehold title; strata and community ownership schemes; company title or rental arrangements, so it is important to obtain legal advice before signing an agreement. There will also be recurrent charges which also vary widely from village to village, and in many cases also termination fees and charges, so you need to be fully aware and prepared for any future financial obligations and implications. Retirement villages legislation applies in each Australian state to protect residents, and this requires the prior disclosure of certain information and allows a cooling off period.
The Seniors Housing Online website enables you to uniquely tailor your retirement village search to suit your particular needs and tastes; you can filter the search by location, price range, the number of bedrooms, the type of onsite facilities, the level of care and support available, whether pets are allowed and much more. You can readily identify golf retirement properties; beachside retirement properties or even waterfront retirement properties using the search criteria on the main search page, or just click on the handy category directories, such as the “browse retirement villages by region”, with quick links below:
There is also a NEW search option to help you locate in-home care and community support services in your local area, to help maintain your independence. So in line with public demand and increased government funding for in-home support services under recent aged care reforms, you can move into an independent living unit or home, knowing that you can stay there and apply for more support if your health needs change later on.
The News and Information page also contains handy articles and links relevant to planning your retirement, including information on the proposed reforms to Australia's aged care system and stamp duty exemptions for downsizers.
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QUICK LINKS - BROWSE RETIREMENT VILLAGES BY REGION:
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