What are the real costs of retirement living?
Retirement living is attractive, with many villages at full or near-full occupancy. However, the one question we often receive about entering a retirement village is for help to understand the financial details. There are a number of fees and costs to consider and it is…
What an advertisement: Beryl, now 100, has lived at Southern Cross Care (SA, NT & VIC) Mornington Retirement Village for 22 years
It was in 2001 that Beryl Spencer moved into the Shearwater Apartments at the retirement village in Mornington, 46km southeast of Melbourne’s CBD, for extra support and to remain independent. She celebrated her 100th birthday with her 98-year-old sister Edna, who still drives her own…
Estimates that 401,300 Australians were living with dementia in 2022
With Australia’s ageing population, this number is expected to rise to more than 849,300 by 2058. Although dementia can affect people aged under 65, it primarily affects older Australians. A new summary report by the Government’s Australian Institute of Health and Welfare (AIHW) ‘Dementia in…
Lifestyle St Leonards residents show how to integrate yourself into a new community
When entering a new village, a good way to put yourself at ease is to join a committee that helps the local community as it broadens ties with like-minded people. Lifestyle St Leonards – The Waves social committee member Anne Kennedy said the donation was…
People have multiple retirement concerns, according to AMP survey of over 50s
New research by AMP shows that most older people find it challenging to navigate the retirement system and lack knowledge about fundamental aspects of managing their retirement finances. For people aged 50 and over the research found: “This lack of financial knowledge about retirement is…
Look who dropped into Arcadia Waters Mandurah village in WA
Arcadia Group Managing Director Roger Kwok and his enthusiastic team are always trying to create a better life for its 500-plus residents in its nine villages in Western Australia and Victoria. What better way than having the Western Australian Symphony Orchestra (WASO)’s String Quartet play…
The benefits of retirement living far more than safety and security
Most people naturally want to remain in their home, however most dwellings are not built for the needs of ageing people in mind. Retirement living can reinvigorate a person’s life and help the person maintain their health and wellbeing with age. Here are eight benefits…
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…
Can I afford to retire and enjoy the lifestyle?
Is your partner starting to talk about retirement, or are you beginning to feel it is time to step back from work? Whatever the reason, you may be asking: can I afford to retire? It is a personal decision that requires a lot of thought…
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…