retvilldotnet: property

Showing posts with label property. Show all posts

Tuesday, 2 June 2020

Property Prices to Fall

DANGER for Retirement Village residents as CBA flags risk of 32pc house price fall. Over 50% of all #retirementvillage residents exposed to pay for operator capital loss on a village unit not owned by the resident, by the operator. @MarleneKairouz @consumervic #springst #vicpol pic.twitter.com/S7YEgQyNbY
— Les Scobie (@retvilldotnet) May 13, 2020

Monday, 23 September 2019

Property Auction Clearance Rates Declared Lies

Why the 'auction clearance' results are lies | Jenman Support https://t.co/rsVtke1rEn
— Les Scobie (@retvilldotnet) September 11, 2019

Sunday, 21 July 2019

Australia Creates House of Cards

ABC News Reports -

Excellent ABC easy to understand video summation of the current balancing act in the property market. https://t.co/3wE8N6C4us
— Les Scobie (@retvilldotnet) July 18, 2019

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

Tuesday, 16 July 2019

Land Developers Banking Lots

Claims that property developers are 'banking' housing land to increase eventual prices obtained. https://t.co/Sfa8K5kysr #auspol @JoshFrydenberg #vicpol #nswpol @acccgovau @neighbour_s
— Les Scobie (@retvilldotnet) July 15, 2019

Doom & Gloom for Australian Property Prices

More doom and gloom predicted for Australian property prices. https://t.co/riJBdBTA13 #auspol pic.twitter.com/jtqkRvUOUy
— Les Scobie (@retvilldotnet) July 13, 2019

Monday, 8 July 2019

Purchase or Rent

Retirement Village operators invite you to 'purchase' but don't transfer ownership only grant right to occupy, @Centrelink calls you a homeowner, even though you do not have ownership, then they don't have to pay you rent assistance. @HelenHaines1 @stuartrobertmp #auspol @abc730 pic.twitter.com/V0pR7GjDjZ
— Les Scobie (@retvilldotnet) July 4, 2019

Property Owner Or Property Renter

For #retirementvillage residents Centrelink calls you a homeowner, even though you do not have ownership only conditional occupancy, then they don't have to pay you rent assistance. @Centrelink @HelenHaines1 @stuartrobertmp #auspol pic.twitter.com/HIq3aAek8h
— Les Scobie (@retvilldotnet) July 4, 2019

Wednesday, 3 July 2019

No News on Victorian Retirement Village Reforms

Breaking News - Sadly there is no breaking news, not even just ordinary news on Victorian #retirementvillage reforms. @MarleneKairouz @DanielAndrewsMP @michaelobrienmp #vicpol #springst @VictorianLabor pic.twitter.com/w1SW2ZwQRT
— Les Scobie (@retvilldotnet) July 2, 2019

Saturday, 22 June 2019

Transfer of Intergeneration Wealth not to Families

Retirement Villages="The transfer of intergenerational wealth, not to families, but into the pockets of large multinationals"-Tom Gait. Everything you need to know about #retirementvillages is in that statement. @MarleneKairouz @michaelobrienmp #vicpol @sdanck @abc730 @acccgovau pic.twitter.com/F0Jmwj46KX
— Les Scobie (@retvilldotnet) June 19, 2019

Danger for Retirement Village Residents

Flat property market spells danger for #retirementvillage residents. Capacity to protect value of their ingoing payment could be greatly diminished. Access to capital gains for residents also means responsibility for capital losses. @Kevinandersonmp @smh @NSW_FairTrading @GladysB pic.twitter.com/XZLwtcVH9U
— Les Scobie (@retvilldotnet) June 12, 2019

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.