Retiree Warning

Retiree Warning - Seniors locked in battle with Geelong lifestyle village.

Channel 9 Network A Current Affair reports:-

Full story available here:-   Seniors locked in battle with Geelong lifestyle village

"There are new calls for an overhaul of Australia's retirement and lifestyle villages, after a contract technicality caught out seniors at a gated community in Geelong.

Charlie Sciberras has had a holiday unit at Pelican Shores for more than 40 years, but the 62-year-old recently decided to sell the property to help fund his retirement.

The company claimed a clause in the contract meant they had control over the unit, and Mr Sciberras couldn't sell it on his terms, even though it had been in the family for decades.

Town planner Bill Kusznirczuk says property contracts are far too difficult and confusing, particularly for retirement and lifestyle villages.

He wants the Government to review the entire industry.

"I think it'd be prudent for the Federal government to initiate a review of retirement villages and lifestyle villages and how they can better improve the offer that's being given at the moment," he said."

Read the full story here:-   Seniors locked in battle with Geelong lifestyle village

Retiree Warning

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