"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 $$$.

Friday 29 June 2018

Hands Off Kellock Lodge Is The Cry

Hands Off Kellock Lodge is the headline from a feature supplement in the June 27 edition of The Local Paper.

Locals from the Alexandra district are scathing of Bishop John Parkes and the Wangaratta Diocese in letters to the editor.

Comments such as -

"This whole fiasco reflects raw opportunism, unwarranted haste and pressure, and complete lack of understanding of the Alexandra community."

"There is a breathtaking arrogance about the Bishop's behaviour."

"Bishop Parkes is doing untold damage to any reputation that the Anglican Church might have had remaining in Murrindindi shire."

"The Melbourne Anglican Archbishop appears impotent to stop Bishop Parkes' grab for Kellock Lodge."


Read the comprehensive full story here - https://issuu.com/mediaflash/docs/lpy180627z

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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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