What is a retirement village? - Residential accommodation, more expensive than a residential tenancy, destroys a retiree's capital base after a life of hard work. Home ownership is still the better path. @georgiecrozier @daviddavismlc @BevMcArthurMP @MoiraDeemingMP @melinabathmp pic.twitter.com/2ShzOF3S1U
— Les Scobie (@retvilldotnet) December 18, 2024
Thursday, 19 December 2024
What are Retirement Villages
What are retirement villages? - Residential accommodation, more expensive than a residential tenancy, destroys a retiree's capital base after a life of hard work. Home ownership is still the better path.
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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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