Latest Posts
Discovering retirement living: Aussies over 70 says it’s the best time of their life
The Retirement Living Council, an arm of the Property Council of Australia, predict 18,000 retirement dwellings will be built from 2023-2030. With the high demand for retirement living, be it an independent living unit in a retirement village or a manufactured home in a land…
Seniors paid to work in tourism to keep receiving the Age Pension
The Government’s scheme to let older Australians take jobs in the ailing tourism industry and still receive the Pension has been made permanent. As part of the $48 million Supporting Tourism and Travel package introduced in the October 2022 Budget, changes to the Work Bonus…
The questions retirement village residents are asked
What is life in a retirement village really like? The Village Manager might say everything you want to hear but what do actual residents think? RetireAustralia asked two sisters Del and Evon, who reside in the provider’s Wellington Manor Retirement Village, in Birkdale, a coastal…
You may have noticed: the fastest growing age cohort is those between 75 and 79
The Australian Bureau of Statistics’ report on the national, state and territory population, released on 13 June, showed the age group, 75 to 79, is the fastest growing of all age groups. It is increasing at a rate of 6.73%, whereas the national population grew…
How much does entering a retirement village cost?
The national average price of a two-bedroom Independent Living Unit (ILU) in a retirement village increased from $463,000 in 2020 to $484,000 in 2021 and $516,000 (6.6%) in 2022, according to the PwC Property Council Retirement Census. CoreLogic’s June 2024 median dwelling house price reflects…
End ban on seniors receiving contributions into retirement-phase super accounts
Residents who enter retirement living, be it in a village or an independent living unit, face many impediments if they want to return to the workforce as many need to. The Super Members Council of Australia, a lobby group, argues the ban on receiving contributions…