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SEARCH FOR A
RETIREMENT VILLAGE

 

To begin your search,
please make a selection
on the map or from
the list below:
 

FEATURED RETIREMENT VILLAGES
Cardinal Freeman Village

Cardinal Freeman Village
Ashfield NSW

Affinity Village

Affinity Village
Baldivis WA

Woodstock West Village

Woodstock West Village
Bunbury WA

 

The Retirement Village Handbook

Please note that The Retirement Village Handbook is now out of print and the following information about it is historical.

We are in the process of updating the content, but rather than produce a new edition, the updated information will be posted on this website, where you will be able to access it at no charge.

It will unfortunately take time to update the information and we apologize for any inconvenience.

The Retirement Village Handbook is a comprehensive consumer guide to resident funded retirement villages in Australia. It is designed to help prospective retirement village residents and their families understand the main resident funded retirement village alternatives that are available in Australia today and provide them with the information they need to analyse and assess opportunities, compare alternatives, evaluate investment potential, ask the right questions, get the right advice and ultimately make informed decisions.

The Retirement Village Handbook is divided into 3 distinct parts to facilitate a systematic approach to what is a complex topic.

Part 1 is a detailed explanation of what retirement villages are all about. Among other things, it:

  • describes the main features of a retirement village
  • suggests the main reasons for moving to and from a retirement village
  • distinguishes between resident funded and donor funded retirement villages
  • illustrates some of the features of retirement villages that make them more complicated than traditional forms of property
  • indicates the range of legislation that may be relevant
  • describes the different legal structures, including long-term lease, long-term license, strata title, community title, company title, unit trust, manufactured home and conventional lease structures
  • discusses the main implications of the different legal structures
  • discusses parking arrangements and legal documentation\identifies and discusses key issues like stamp duty, GST, service charges, refurbishment and capital replacement costs, security of tenure, operator default, termination, vacating the premises, capital losses and credit risk
  • explains what departure fees are and what they are for
  • describes and discusses the different departure fee structures, with examples, and highlights some potential traps for the unwary
  • develops a methodology for analysing and assessing opportunities, comparing alternatives and evaluating investment potential
  • considers when banks are most likely to be willing to provide finance
  • discusses a range of related matters including waiting lists, committing off-the-plan, negotiation and selling your existing home.

Part 2 contains extensive checklists in the following categories:

  • personal considerations
  • the village
  • the unit
  • management
  • financial considerations
  • legal considerations
  • selling your home
  • vacating the premises.

Part 3 contains user-friendly summaries of relevant parts of the New South Wales, Queensland and Victorian Retirement Villages Acts, as they apply to new residents. It does not include summaries of the specific legislation that applies to manufactured home villages or short-term tenancies.

Please note that The Retirement Village Handbook is not a substitute for legal or financial advice. Before making a commitment to move to a retirement village, prospective residents should obtain specific legal and financial advice from independent and qualified practitioners who are familiar with their personal and financial circumstances and their particular legal documentation. Before proceeding, please be sure to review our full Terms of Use.

More Information?

Please see the following pages of this Retirement Villages Guide for further information:

  1. Introduction and Overview

  2. Why Are Retirement Villages So Complicated, Confusing and Controversial?

  3. Financial Considerations

  4. How Are Retirement Village Departure Fees Calculated?

  5. What Are Retirement Village Departure Fees For?

  6. Free Departure Fee Calculator

  7. Top 10 Tips

  8. Rental Accommodation

  9. Pets

  10. Legislation

  11. The Retirement Village Handbook

Please also see the following pages for further specific information regarding the particular application of the retirement villages laws in the respective Australian States and Territories:

  1. New South Wales (NSW)

  2. Queensland (QLD)

  3. More Coming

Queensland Northern Territory Western Australia South Australia Tasmania Victoria Australian Capital Territory New South Wales New Zealand