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.

Tuesday, 27 March 2018

Retirement Village Good or Bad Move

43% of Retirement Village residents who purchased in the last five years report no improved life satisfaction and happiness despite their move. In an industry survey by 13% of these stated it had actually decreased.

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