"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 24 May 2021

Retirement Village Operators Seek To Remove Consumer Protections

 Vic retirement village operators seek to remove consumer protections for village insurance costs charged to residents. Current protections favour both, new favours only operators.

Listen to Retirement Village Residents

 What is wrong with Victorian Retirement Villages? Listen to the residents, they know. They live it, not just theorise about it.

Electric Vehicle - Wow It Will Tow A Boat

When it comes to electric vehicles -  Did someone say it won't tow a boat? - Sorry the future is closer than we think.

Unemployment Rate Smoke & Mirrors Explained

 The unemployment rate calculation smoke and mirrors explained - it is actually a survey of just 26,000 Australians.



RV Operators Seek To Remove Consumer Protections

Vic retirement village operators seeking to remove consumer protections for increases in village insurance costs charged to residents. Current protections favour both residents and operators, new system favours only operators. 


 

HAAG Annual Meeting

 

Retirement Village Tax Scam

 

Thursday 13 May 2021

Essential Retirement Village Information

Andrews Govt Challenged to make Retirement Village Reforms

Rent Assistance Anomaly in Retirement Villages

Retirement Village Review Ignores Mandatory Emergency Plans

So What Is A Retirement Village

RV Deferred Management Fee Called Exploitative Cash Grab

Retirement Villages Named Poor Cousins To Aged Care

Victorian Retirement Village Emergency Evacuation Laws Missing

Retirement

Tim Smith Inadvertently Describes A Retirement Village

Complex Rent Assistance System Needs Overhaul

Rent Assistance Anomaly for Retirement Villages

Proposed New Lending Laws Heavily Criticised

Criticism of LendLease

 

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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