"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 $$$.

Wednesday 25 December 2019

Destruction Of Retiree Life Savings

Worst Retirement Village Laws Victoria

Wishing Everyone A Merry Christmas

Just Get A Job Says Politician

Delivering For All Victorians We'll See In 2020

Fairness A Key Element For Consumer Protection

Thursday 19 December 2019

Capital Gains May Not Be What is Claimed

Jail for Former Aged Care Director

Delivering For All Victorians To Be Tested

Victorian Government to Review Retirement Villages Act

Government Promises Innovation and Growth

Village Residents Can Pay Buy Price Without Ownership

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.


retvill.net

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