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

Thursday 12 July 2018

Help Save Kellock Lodge

The Friends Of Kellock Lodge group have started an online petition to keep the heart & soul of Kellock Lodge in Alexandra.

The petition can be signed at this link - https://www.change.org/p/friends-of-kellock-save-kellock-lodge

The Anglican Diocese of Wangaratta through Bishop John Parkes is threatening to merge the St. Johns Aged Care facility in Wangaratta with the Kellock Lodge Aged Care facility in Alexandra.

Both facilities are on land owned by the diocese however the people of Alexandra state that the establishment of Kellock Lodge was fully funded locally and that in the 30+ years of operation the Wangaratta Diocese has never been called upon to contribute to operational costs. Large numbers of the residents of Alexandra and district believe the proposed merger is simply a means of propping up the facility in Wangaratta.
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Image courtesy of  The Local Paper




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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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