Latest Posts
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…
Can I leave a retirement village after signing the contract?
Signing the contract to move into a retirement village is a big step – so it’s important to know that there are cooling off periods in place. These depend on where you live and also on the contract being offered by the operator of your…
Retirement living or the kids’ inheritance? The questions you must ask yourself
Talk to any retirement village operator and they will share stories of people who have put their name on a waiting list, only for them to renege when the time comes for them to move in. The reason is always the same. The children deserve…
Why people at retirement age should pay off their mortgage with their superannuation
As avid readers of stories about how much is needed for a comfortable life in retirement, we always see the rider on any figures, “providing you own your own home and have no mortgage.” However in 2021, there were nearly 9.8 million households in Australia….