With the population ageing rapidly, is it time to change the Age Pension income test?
The release of the 2023 Intergenerational Report confirms what most people already know – that Australia is ageing rapidly. The report, which forecasts what the country could look like in 40 years, believes the number of people aged 65 and over is projected to more…
Fewer retirement villages are offering capital gains – but it’s far from bad news
73% of retirement village operators surveyed in the 2022 PwC Property Council Retirement Census did not offer residents an opportunity to share in any capital gains or capital losses, more than triple the number in 2017. The number of retirement villages no longer offering capitals…
More taxpayer funds for Men’s Sheds with $10,000 grants available
131 Men’s Sheds will share almost $670,000 in Australian Government funding to continue supporting the health and wellbeing of their community. Up to $10,000 each will be awarded to help sheds with improving their facilities, buying tools and equipment, coordinating health-related training, and hosting events…
The five types of tenancy in a retirement village
When looking into buying an independent living unit in a retirement village, there are lots of things to consider – cost, choosing the contract that most suits the buyer’s situation and the tenancy. Here are the following types of tenancy, which the buyer will be…
85-year-old Rudi is the best advertisement for the retirement living sector
Retirement villages are often confused with aged care homes, and at time disparaged for being segregated from the wider community. The sector can learn from this story in News Corp’s QWeekend magazine about Rudi Bianchi, who is a resident at Blue Care’s Azure Blue Carina retirement village…
How this financial adviser saved a client $20,000 a year in move from retirement living to aged care
Making the move from retirement living into residential aged care can be hard for you and your family. Shaun Ganguly, a financial planner from Aged Care Financial Planning and Retirement Village Financial Advice, said it is critically important to seek professional advice. You need to…
Retirement living is cheaper than ever
With property prices still rising, the retirement living sector is trumpeting that its homes are comparatively cheaper now. “This week at a fabulous ECH Inc. community we launched the latest Retirement Living Census. It reveals that an average two-bedroom retirement village unit across Australia is…
Did you know that you don’t own your super assets?
For many people approaching retirement, superannuation is their second biggest asset after the family home. But what happens if you pass away before using all of your superannuation? Most people think if they have made a valid Will, it governs all the personal assets you…
Retirement living is the new option for care and support as you age
The average age of new retirement village residents has remained steady at 75 for many years. However, as the latest 2022 PwC Property Council Retirement Census shows, much is changing. The average stay in a retirement community is now nine years and 26% of existing…
One in six people in Australia is now aged 65 and over and that number is on the rise
Australia’s population is ageing due to increasing life expectancy and declining fertility rates, which will put further pressure on retirement living and land lease operators to develop more age-appropriate accommodation. Recent data, compiled by the Australian Institute of Health and Welfare (AIHW), shows that: At…