"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 $$$.

Saturday 8 September 2018

A Guide for Seniors and Caregivers

Making The Home Accessible


For many seniors, making a home accessible after they’ve suffered an accident or health issue is imperative yet difficult to do. There are many things to take into consideration, from making mobility easier to figuring out where any safety hazards are, and in some cases, it may be easier to move into a smaller home that better fits their needs. This will not only ensure that the home is accessible for all circumstances, it will save money as well.


Photo via Pixabay by Hans

Many seniors want to remain in their homes for as long as possible, and this can be a huge boost for self-esteem and mental health, which could also be a boon for physical health. In order to do this, however, it’s important to make some changes that will ensure safety is a priority. This might include adding small updates to the bathroom to prevent falls or installing lighting that will make navigating the house easier.

Keep reading for some great tips on how to make a home more accessible.

Add lighting

Lighting can make a huge difference for a senior at home, so it’s a good idea to take a look at each room to see where illumination could be added. Dim hallways, closets and pantries, and stairwells are great places to start. Angie’s List advises, “Make sure hallways are lit with automatic night lights, which will assist in navigating your home in the dark,” which is good advice for any poorly-lit space. Solar-powered lighting can also be added to the front walk, which will not only help guide the way to the front door, but also act as an added security measure.

Plan ahead for downsizing

Moving into a smaller home is a great way to ensure safety after retirement and can help a senior stick to a much easier budget, but it’s important to do some planning well ahead of the move. For instance, start going through belongings to get an idea of what you want to take to the new house, and what you can donate or sell. Take photos of the new place, if possible, so you’ll have a visual reference to help figure out ahead of time where furniture will go. Many moving companies charge by weight, so consider getting rid of heavier items of furniture that may take up too much room at the new house anyway.

Add safety features

Many seniors suffer falls each year in their own homes, and the bathroom is one place where a lot of accidents occur simply because of slick surfaces. Ensure that the floor is covered with non-skid rubber mats and that there is a similar mat in the tub. Add a grab bar and shower seat for good measure. In the kitchen, add easy-to-read labels to everything, and keep cleaning products well separated from food items.

Change the door knobs

One common obstacle for many seniors is being able to grasp and turn a door knob, so it’s a good idea to change them out for easy-to-use handles or levers. This is a wonderful way to give a senior their independence without sacrificing their health or causing frustration or injury, and it’s fairly inexpensive as well.

Making a home safe and more accessible for a senior doesn’t have to be a stressful endeavor. With a good plan, you can ensure that post-retirement is a happy, stress-free time, not to mention one that’s free of accidents and injuries. Do some research on the easiest ways to make a home accessible and start small, especially if you’re on a budget

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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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