The benefit of having a DMF in your retirement village contract
People considering moving into retirement living will be met by the “Deferred Management Fee” for the first time in their lives. The words can be a cause of concern if they are new to you, but the use of the Deferred Management Fee (DMF) is…
Extra $500 per household for people with Commonwealth Seniors Health Card holders
Nearly 500,000 Australians will be eligible for a rebate worth hundreds of dollars in a bid to offset a major price hike expected on July 1. All Commonwealth Seniors Health Card holders, nearly 500,000, will receive up to $500 per household in energy bill relief…
What you need to do before signing a contract to enter a retirement village
If you want to live in a retirement village or a land lease community, you are given a contract to sign with the village operator. However, the Retirement Living Council – a dedicated national division of the Property Council of Australia – advise the following:…
What does snoring really mean?
Snoring can badly affect a relationship but is it actually a sign that it is affecting your health? A lot of people wave it off as an issue their partner has to deal with, or move into the spare bedroom. But is snoring signifying a…
If you own a home in Australia, how much do you need to retire?
As people approach retirement, thoughts and conversations can centre around how much is needed to have a comfortable lifestyle throughout their later years. Self-funded and pension-funded retirees have the same thoughts and wonder if it is better to be self-funded, or to rely on the…
What happens if a retirement living operator changes hands
If you are a resident in a retirement living facility, you have signed a contract on agreeing to be part of the village. The contract will stipulate your rights, the entry costs, the settling-in period, recurrent charges, services and facilities, alterations and additions, repairs and…
9 tips to clear that clutter gathered over the years and make the move
Most people have a lifetime of possessions and have no idea how much they have gathered until they consider moving out of the family home and into a retirement living facility. It may seem overwhelming but it isn’t. Make a plan Group your objects into…
How will life change in a retirement village?
Making a move into retirement living is rarely straightforward, however beneficial it may be. What will the village be like? Will I fit in? Will I make friends? Can I go out and see my friends? Retirement villages arrange a variety of social and recreational…
Can a person leave a retirement village?
The process for leaving the retirement village should be explained in the contract that you are given and sign before you enter the retirement living community. A resident may have to pay one-off or even ongoing fees after they leave, as part of the payment…
Will Queensland’s move on its Senior Card see other States and Territories follow?
A reciprocal agreement between Queensland and New Zealand governments gives Queensland Seniors Card, Seniors Card +go and Seniors Business Discount Card holders access to discounts and special offers on goods and services from businesses participating in the New Zealand SuperGold Card program. Search the SuperGold…