For those Victorians thinking of moving into a Retirement Village these documents lodged with Engage Victoria in the review of the Victorian Retirement Villages Act are a must read.
It must be noted here that -
72% of retirement villages are owned by commercial for-profit operators. Past years of an industry full of benevolent not-for-profit operators are well past.
74% of retirement village residents do not occupy their units on a freehold basis, simply a conditional right to occupy.
These documents contain various suggested legislative changes required to protect Victorian retirees entering retirement villages. All are written by someone who has lived the experience, not just studied it from the outside or accepted the singular self interest view of industry representatives.