"Living in a retirement village has the capacity to be a great lifestyle decision, sadly it also has the capacity to be your very worst financial decision." - RETVILLDOTNET.
An example for a village with the Deferred Management Fee calculated on the ingoing $$$.

"My father must have been one of the few people who lost money when he sold his home in a booming Melbourne property market. This huge loss on his home, in a popular suburb not far from the CBD, was despite it selling for more than he paid for it. The problem? He bought into a retirement village." - Diana Thorp. Sunday Herald Sun. 22/08/21
An example for a village with the Deferred Management Fee calculated on the outgoing $$$.

Wednesday 31 July 2019

The Cost Of Privilege

This report The cost of Privilege by percapita and Anglicare is a must read if you are interested in understanding who is really getting what from the federal government in terms of payments and concessions.

Read the report here - https://www.anglicare.asn.au/docs/default-source/default-document-library/cost-of-privilege---households.pdf?sfvrsn=0


The Cost of Privilege
The Cost of Privilege

Newstart Has Made Her Homeless

The New Daily reports -

"Newstart recipient Karryn Smith, 58, considers herself “one of the lucky ones”, yet the former school teacher is living out of her car.

Ms Smith shared her tragic story with The New Daily, as pressure continued to mount on the Morrison government to lift the dole payment by $75 a week amid evidence Newstart recipients are struggling to survive.

Over-55s are the largest single group of Australians on Newstart, with 173,196 people relying on just $39 a day, recent data has shown."

Read the full story here - https://thenewdaily.com.au/news/national/2019/07/30/newstart-teacher-homeless/



Tuesday 30 July 2019

Retiree Life Savings Impacted By Housing Choices

NSW Retirement Village Operators Cry Foul

Retiree Housing Policy & Aged Care Funding

Financial Reality of Retirement Village Living

Respected Industries Live Ideals Not Just Aspire To Them

Government Retiree Housing Policy Self Defeating

Political Cruelty Behind No Increase For Newstart

NSW Government Seeks Retirement Village Reform

NSW Government Retirement Village Reform

Thursday 25 July 2019

Morrison to Prioritise Pensions Over Newstart

WAtoday reports -

Morrison government to prioritise pensioners over Newstart recipients.

"Pensioners will be prioritised ahead of unemployed Australians for any boost to welfare payments as the Morrison government stands firm against growing demands to lift the Newstart allowance.

Prime Minister Scott Morrison has told colleagues returning the budget to surplus is his "number one priority" and any future increase in welfare payments will be directed towards the 2 million Australians on the aged pension."




Aged pensioner says sorry to Australian Prime Minister Scott Morrison.

Wednesday 24 July 2019

Retirement Villages Impact On Aged Care Funding Costs

NSW Government Retirement Village Reforms

46.2% Of Newstart Recipients Over 40 Years Of Age

Pensioner Says I Am Sorry to Scott Morrison

An aged pensioner has said I am Sorry to Australian Prime Minister Scott Morrison (ScoMo) for seemingly being a burden on the State.

This follows Social Services Minister Anne Ruston reported as saying "It is a generous amount of money that the Australian taxpayers make available to our older Australians".



Monday 22 July 2019

Raise The Newstart Rate Campaign


FCA supporting the Raise The Newstart Rate campaign.

Financial Counselling Australia is the peak body for financial counsellors in Australia.

FCA is the national voice for the financial counselling profession in Australia. It is a not-for-profit organisation that:
  • Provides resources and support for financial counsellors;
  • Advocates for a fairer marketplace;
  • Works to raise the profile of financial counsellors;
  • Advocates to increase access to financial counselling; and
  • Works to improve hardship processes for people in financial difficulty.


FCA_Raise the Rate from Financial Counselling Australia on Vimeo.

Financial Counselling Australia can be contacted through this web site - https://www.financialcounsellingaustralia.org.au/

Sunday 21 July 2019

Pensioner Offers Apology to Senator Anne Ruston

Push to Raise Newstart

Retirees Requiring Taxpayer Funding for Aged Care is Increased

Lying is Lying

Australia Creates House of Cards

ABC News Reports -


Read the full story here - https://www.abc.net.au/news/2019-07-19/house-price-falls-are-ending-but-dont-expect-another-boom/11298992?section=business

Extraordinary Collapse in Home Ownership

The Sydney Morning Herald reports -
Read the full story here :-  https://www.smh.com.au/politics/federal/the-two-charts-showing-an-extraordinary-collapse-in-home-ownership-in-sydney-and-melbourne-20190717-p5282j.html?js-chunk-not-found-refresh=true

Senator Anne Ruston Criticised Over Pensioner Statement

Wednesday 17 July 2019

Pensioners Seek Social Services Minister Anne Ruston Apology

The Senior Magazine reports -

Social Services Minister Anne Ruston has come under fire for suggesting the pension is generous, as seniors groups and Labor call for more changes to help older Australians.

Senator Ruston embarked on a media blitz on Monday to sell the coalition government's decision to give a boost to some pensioners.

"It is a generous amount of money that the Australian taxpayers make available to our older Australians," she told 3AW on Monday.

When pressed on the comments, Senator Ruston said: "In terms of the amount of money that taxpayers fund our social welfare system, we put a lot of money into it."

Read the full story here - https://www.thesenior.com.au/story/6275720/minister-in-hot-water-over-pension-comment/



Tuesday 16 July 2019

Pensioners Going Without Food

Drain of Retiree Capital Wealth

Land Developers Banking Lots

Stay at Home and Live Longer

Deeming Rates Shame

Doom & Gloom for Australian Property Prices

Transfer of Capital Wealth from Retirees.

Capital Gain or Capital Loss

True Cost Of Retirement Village Living

Loan Not Purchase

Failure to Raise the Newstart Allowance

Failure to lift NEWSTART Allowance

All Else Is Lost

Best Retirement Village Fix

Monday 8 July 2019

Watershed In Political Cruelty

Political Cruelty in Newstart Payment

Federal Laws For Retirement Villages

Aspirational or Second Class Citizen

Retirement Village Emergency Evacuation

Purchase or Rent

Property Owner Or Property Renter

Retiree Capacity To Fund Aged Care Costs

Long Term Impact On Retirees

Wednesday 3 July 2019

To Say Nothing Is To Be Complicit

New Retirement Living Occupancy Laws?

Proposed New Tenancy Laws?

No News on Victorian Retirement Village Reforms

Delivering for only some Victorians

New Financial Lending Laws?

Financial Destiny of Retirement Village Resident

Financial Data From Retirement Village Examination

Function of Government

The role of government is to create an environment for commerce to function whilst at the same time protecting retirees and particularly vulnerable retirees from both financial and emotional harm emanating from that function.

The Victorian Retirement Villages Act 1986 provides the environment for commerce to function but fails to fully protect retirees from financial and emotional harm as a result of it.

The Victorian legislative definition of a retirement village in demanding the payment of an 'in-going' amount without the transfer of property ownership is a major contributor to that financial and emotional harm suffered by retirees.


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