"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 $$$.

Monday 22 April 2019

Innovation at Aged Care Home

Retirement Village Living Cost Above Market Rents

Victorian Consumer Protections Lowest for Retirement Villages

Family Home or Residential Tenancy or Retirement Village

Loan-Lease Retirement Villages Destroy Retiree Capital

The Andrews Government Failed Victorian Retirees

Decimation of Retiree Capital

Thursday 11 April 2019

Industry Codes of Practice Fail Consumers

Aged Care Royal Commission Should Include Retirement Villages

Ownership Prices Paid But Only Occupancy Granted

Transfer of Inter-generational Wealth Away From Families to Multinationals

Monday 8 April 2019

Taxpayers Indirectly Fund Profits Of Retirement Village Operators

Aged Care Funding Hit By Retirement Villages Structure

Need For Federal Laws For Retirement Villages

Deferred Management Fee Business Model Hurts Retirees

Missed Opportunity For Meaningful Reforms

Sadly The Financial Destiny Of Many Retirees

Educate Rather Than Legislate Fails Retirees

Retirement Villages Decimate Retiree Capital

Victorian Laws Put Retirees Out On The Street

Victorian Government Fails To Move To Protect Retirees

Falling Property Prices Spell Danger For Retirement Village Residents

Retirees To Spend Longer In Retirement Villages

Deferred Management Fee Should Be Regulated

Retirement Industry Code of Conduct

Financial Destiny of Retirement Village Residents

how Grandma and Grandpa Become Corporate Financiers

Victoria Lagging In Retirement Village Reforms

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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