Retirement Village Residents Hurt Financially

Retirement Village Residents Hurt Financially -There are some practices in the retirement village industry that hurt residents financially, some village residents may have their capital wealth completely wiped out.

See previous stories:-

• http://www.retvill.net/should-be-outlawed/


• http://www.retvill.net/retirement-village-residents-decimated-financially/

The 2017 PwC/Property Council Retirement Census shows four accommodation models used by operators. 41% of the industry offer accommodation models offered that do serious financial harm to village residents from which they cannot recover.

Their ability to re-enter the property market or satisfactorily fund their own aged care placement is compromised, leading to that often quoted 'poverty or financial trap' for retirement village residents.

Download this paper prepared by a retirement village resident explaining how the financial damage occurs without any early warning signal to alert prospective retirees.

If 2018 is to be the year of change for the retirement village industry, legislators need to have an understanding of the deep-seated problems. Changes are coming but will those changes go far enough to protect Australian retirees well into the future.

Take the link below to download a PDF copy of the paper and send it to your local state and federal politician.

Click here to download a copy:-  Village Residents Hurt Financially




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