Today’s big spenders are aged 60 and above
The cost of living is still climbing in Australia, albeit more slowly due to falls in petrol prices and electricity costs, and the latest CommBank analysis of how its customers are spending reveals a divided country. Those aged 18-29 cut their essential spending by 2.3%…
Another retirement village operator raises money for charity
It is amazing what can be achieved with a little foresight. Oak Tree Retirement Villages Coffs Harbour is still under construction. There are now 13 villas with 25 residents, a community centre and an energetic Village Manager Michelle Oxley-Chambers. Despite its small size, the community…
WA Seniors Card holders latest to get United’s four cents a litre fuel discount
Under a major discount partnership with United Petroleum, WA Seniors Card holders can register online for the United app or plastic United fuel discount card to save four cents a litre off the price of fuel at United service stations across Australia. It is estimated…
The Best 30 Years: Reliving the TV series showing what retirement living, aged care and home care really are
This month marks the two-year anniversary of our five-part TV series ‘The Best 30 Years’ so it’s time for a trip down memory lane. The first episode of The Best 30 Years was broadcast on Nine Network’s Gem platform on Saturday, 22 October 2022 and…
How the new Aged Care Act will benefit people in retirement living
The new Aged Care Act, which has still to be passed and faces a Senate inquiry later this year, will impact on the way that care services are delivered in retirement villages. The existing Home Care Package program will be replaced by Support at Home…
Retirement living gives the luxury of being able to lock up and leave
Gated communities, be they a retirement village or land lease community, more often than not also have CCTV cameras, giving you complete peace of mind that you can lock your door and leave for wherever you want to and for as long as you please….
Making best use of the gifting rules
A very popular question when looking to retire is: how much can I gift without Centrelink stepping in? There are likely to be family members to think of, or perhaps you want to help financially if someone dear suffers a misfortune. The answer is gift…
The things you must know if considering retirement living
The age a person is legislated to enter a retirement village is 55, yet the expected retirement age for men in Australia is 66.2 years, the highest since 1972, and 64.8 years, the highest since 1971, for women. The latest Property Council PwC Retirement Living…
PwC/Property Council Retirement Census shows affordability of retirement living
Finance must be a consideration before deciding to move into a retirement living lifestyle. The annual village PwC/Property Council Retirement Census, released on Tuesday, stated that the price of the average two-bedroom Independent Living Unit (ILU) increased by 8.3% from $516,000 to $559,000 over the…
The Commonwealth Seniors Health Card has extra energy in most states
The cost of living in Australia is being felt by everyone with seniors among the worst affected. However, the Federal and State Governments are offering financial energy rebates. NSW Independent retirees in NSW holding a Commonwealth Seniors Health Card can apply for a $200-per-year Seniors…