Retirement Villages – Lifestyle Choice at a Cost
If you are thinking about downsizing from the family home and attracted by the lifestyle offered in a retirement village, it is important to understand that purchasing accommodation in a village is not an investment. There are significant costs involved in living in a retirement village, the majority of which are deferred and are payable […]
Retirement Villages – Exit Fees
If you presently live in a Retirement Village community or are looking to move into a Retirement Village in the future, you will be interested to know that there has been a recent amendment to the way in which exit fees are calculated under the Retirement Villages Act 1999 (Qld)(“the Act”). The Act was amended […]
Retirement Villages – Public Information Documents (PID)
Retirement Villages are becoming increasingly popular places to live for those of retirement age. If you ever consider moving into a retirement village, the Retirement Villages Act requires that you be given a Public Information Document (PID) from the operator of the village which you intend to buy in. The document is often very large […]
