Moving into a Retirement Village

 

Moving into a retirement village is an investment decision as well as a lifestyle decision.                                                

People have many reasons for moving into a retirement village, combining the benefits of being in a private and secure environment with a home that is easily maintained.                                            

Retirement villages offer social activities, amenities and the freedom to choose a lifestyle that meets your needs.                                

There are hundreds of retirement villages in NSW of different sizes and styles providing a range of services and facilities.                                                

Take time to obtain all the information you can from the villages that interest you.                                                

NSW Fair Trading provide information to help prospective residents. The links below provide useful information.

 

RETIREMENT VILLAGE GUIDE       PROSPECTIVE RESIDENT CHECKLIST

 

 

Living in a Retirement Village

There are a number of aspects associated with living in a retirement village. These are listed below together with the relevant links.

 

Ongoing costs: 

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/living-in-a-retirement-village/ongoing-costs

 

Rights, obligations and village rules:

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/living-in-a-retirement-village/rights,-obligations-and-village-rules

 

Safety, emergency plans and evacuation exercises:

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/living-in-a-retirement-village/safety,-emergency-plans-and-evacuation-exercises

 

Replacements, repairs and alterations:

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/living-in-a-retirement-village/repairs,-maintenance-and-alterations

 

Meetings and committees:

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/living-in-a-retirement-village/meetings-and-committees

 

Village budgets and accounts:

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/living-in-a-retirement-village/village-accounts-and-budgets

 

Retirement village disputes:

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/living-in-a-retirement-village/retirement-village-disputes

 

 

Leaving a Retirement Village

Leaving a retirement village will be different depending on your ‘type of tenure’.                                                

More information is available via the link below:

https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/leaving-a-retirement-village                   

 

Retirement Village Ambassador

The Retirement Village Ambassador program launched in December 2018.    

The program has been developed as part of the Government’s plan to improve retirement village living in NSW.    

Details are available in the link below.    
    
https://www.fairtrading.nsw.gov.au/housing-and-property/retirement-villages/retirement-village-ambassador-program