Not all Retirement Villages are Created Equal
And a lack of education around the nuanced contracts that go alongside retirement villages can easily lead to confusion. Many Australians still think that retirement villages are a strata property, when in fact the vast majority – over 90% – are long term leases; yet the cost is comparable to that of a buying a home. This infographic walks you through the eight crucial facts every retiree or family member of a retiree should know. From maintenance fees to the potential to move into an aged care facility – make sure you are informed about what your retirement village contract includes.
Head here to read more about retirement village contracts.