How many retirement villages are there in Victoria?
How many retirement villages are there in Victoria?
Discover our 18 retirement villages across Victoria, including the Eastern, Northern, Western, and Southern suburbs of Melbourne.
Is it worth living in a retirement village?
Because retirement villages are purpose-built for older people, they offer many lifestyle and practical benefits. Residents enjoy a strong sense of community, feel safe and secure and can enjoy more quality time with family and friends.
How many retirement villages are there in Melbourne?
With over 25 villages located in and around Melbourne, Geelong and the Mornington Peninsula, you will be sure to find a location and lifestyle that suits your wants and needs. Your Place to Live Well. Scroll down to view our villages that offer independent living at its best.
How do retirement villages work in Victoria?
Rental villages Generally, investors buy units in a village, which they offer to residents for rental under a tenancy agreement. The fortnightly rental is often linked to a resident’s age pension and rent assistance – usually 85 per cent of the age pension and 100 per cent of rent assistance.
Can you rent in a retirement village in Victoria?
Rental Units are available in some retirement villages. People with limited financial resources are usually given priority.
What is the retirement age in Australia?
Age Pension age
| If you were born between | You can receive the Age Pension when you are: |
|---|---|
| 1 January 1954 to 30 June 1955 | 66 years |
| 1 July 1955 to 31 December 1956 | 66 years and 6 months |
| On or after 1 January 1957 | 67 years |
What is the difference between a retirement village and a lifestyle village?
Retirement villages tend to have more care facilities available, whilst at a lifestyle village residents tend to be more able and independent being an average of 9 years younger. It is important to understand that the key differences lie in a couple of things, the legislation and the management.
What are the pitfalls of buying into a retirement village?
Pitfalls of buying into a retirement village. There are still negative perceptions about retirement villages in spite of resident satisfaction. Some usual complaints from former and current residents are: Fee structure: Retirement village fee structures are complex and confusing for most people.