The Transfer of Intergenerational Wealth

"Families need to be aware that what we are talking about here is the transfer of intergenerational wealth, not to families, but into the pockets of large multi-nationals.

Shame about elderly people not having enough money for aged care."

Tom Gait, Retirement Village Residents Association.


For broader general information theses sites are a valuable resource.


Take this link for - Consumer Affairs Victoria - Retirement Villages  

Take this link to download the CAV booklet - Retirement Villages Guide.

Take this link for - Residents of Retirement Villages Victoria

Take this link for - Housing for the Aged Action Group

Take this link for - Consume Action Law Centre 

Take this link for - Council Of The Ageing


Take this link for - Department of Fair Trading

Take this link to download the NSWFT booklet - Retirement Village Living Guide

Take this link for - Retirement Village Calculator

Take this link for - NSW Retirement Village Residents Association





Retirement Village Online Calculators 

Macquarie University Retirement Village Calculator -
NSW Fair Trading Retirement Village Calculator -

The following articles are must reads if you are serious about moving into a retirement village. Some are older articles but they are still relevant because many of the issues back then are still issues today.

"Retirement villages: how grandma and grandpa become corporate financiers" - 27/06/18 -
"The hidden costs of retirement village contracts" - CHOICE 26/06/2017 -  The hidden costs of retirement village contracts
A Comparison of Retirement Village Living with General Residential - Lois C Towart School of Built Environment Design Architecture and Building University of Technology Sydney 2017 -  Comparison of Retirement Village Living with General Residential
The "get poor quick scheme" - SMH 2017 -  The “get poor quick” scheme
'I'm not happy here': when retirement living falls short - 07/03/17 -
Buying into a Retirement Village? Beware these traps - 23/11/16 -
Hidden costs to retirement village contracts - 15/03/16 -
Retirement Village Industry – A rort or the key to happiness? - 11/11/14 - Retirement Village Industry – A rort or the key to happiness?
Complex contracts and the 'lifestyle village' swindle - 17/07/14 -
The case for retirement villages on behalf of the 98 per cent - 17/07/14 - /
Retirement village rorts: the booming scandal - 10/07/14 -
The hidden costs of Retirement Villages - 16/02/11 -
Paying a high price to retire - 22/01/11 -

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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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