My father and step mother resided at Frankston retirement village that provides fully independent, part independent and fully dependent lodges. My step mum with Alzheimer’s was in full care and my father in part independent until the last 12 months of his life. It was a very good place for them and there care given was first class. My stem mum scummed to Alzheimer’s in 2019 and my father passed peacefully early 2022.
I am so happy to hear about a nice story about retirement villages. In most cases those are getting missed between the terrible stories of neglect and lack of care. I wish we here more about those good places. This way it would be so much easier to choose when we need to, Thank you so very much for this beautiful confirmation. All the best to you 😀
We know two couples who moved in to a "retirement village" lifestyle in two different locations in NSW, one couple absolutely happy with the whole deal and will probably continue on living there until they die or are unable to because of medical incapacity, the other couple couldn't wait to get back out of the predicament they'd bought into, they just couldn't adjust to living in such close community. I guess some of us just aren't meant to fit in such situations, I'd think Katherine's advice "to check it out thoroughly before taking the step" is very good advice. Thanks Katherine.
My husband and I live happily in a Retirement Village. I have numerous health issues and like the security of being near people, my kids and grand kids (although they don't have to worry about us) plus health services, he is more independent. Our solution is owning a camper van, where he can take off if he feels the need. It's working pretty well :)
Well said Katherine, fly to 'your' dream retirement location at least 3 times before buying anything. We flew to Phuket, loved it first time, really enjoyed it 2nd time and on third visit agreed not for us. Buyer beware. My wife & I deal with the elderly and one issue cropping up? Once in such village residents feel 'stuck' and if they don't like the neighbour there is nothing that can be done. Sad yes, true yes, friends & family in our circle all voted to stay in the family home until the very end. There is home care, garden care, food deliveries...aged care villages have their place but beware of some hidden pitfalls.
in my case constant bullying by neighbour who is well known for this the last owner sold up and left and l inherited all her problems 6 complaints in my first 2 weeks of residence, l am getting out asap at 82 who needs the stress its causing health issues
I think the million dollar question is what happens when as a couple you downsize into a retirement village and eventually one partner needs to go into high care but you can’t afford the bond as all your cash is tied up in the non accessible retirement accomodation which you can’t touch. No reverse mortgage against a retirement unit.
Would be important to advise your subscribers that the model has changed in recent years with majority now using a land lease model without exit fees and the right to sell and retain any appreciation. My wife and I have been looking into this over the last couple of years and I've seen lend lease retirement property values climb considerably in that period. Important your subscribers understand they do not own the land in these cases.
Hi Katherine Wanted to thank you for such a prompt response to my last question, I do need to ask one more though,, once age pension is approved for an overseas residents are they any restrictions as to where payment should be deposit Thanks again for your kind reply
Alicia, in most cases if you live overseas, payments are made monthly rather then fortnightly and will be deposited to your overseas bank account once provided to Centrelink
Retirement Villages aren't for everyone. There are good ones and bad ones. Do your research and know what you are signing up for. Don't listen to salespeople. Talk to the residences of the village before you sign on the dotted line.
Bullying. victimisation rife 3 couples sold up and moved out and I am next impossible to live your remaining years putting up with constant inspections regarding stupid irrelevant without foundation complaining Body Corp ineffectual in dealing with these folk
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My father and step mother resided at Frankston retirement village that provides fully independent, part independent and fully dependent lodges. My step mum with Alzheimer’s was in full care and my father in part independent until the last 12 months of his life. It was a very good place for them and there care given was first class. My stem mum scummed to Alzheimer’s in 2019 and my father passed peacefully early 2022.
I am so happy to hear about a nice story about retirement villages. In most cases those are getting missed between the terrible stories of neglect and lack of care. I wish we here more about those good places. This way it would be so much easier to choose when we need to, Thank you so very much for this beautiful confirmation. All the best to you 😀
Ò
Perfect ❤
We know two couples who moved in to a "retirement village" lifestyle in two different locations in NSW, one couple absolutely happy with the whole deal and will probably continue on living there until they die or are unable to because of medical incapacity, the other couple couldn't wait to get back out of the predicament they'd bought into, they just couldn't adjust to living in such close community. I guess some of us just aren't meant to fit in such situations, I'd think Katherine's advice "to check it out thoroughly before taking the step" is very good advice. Thanks Katherine.
Agree with you 100% Gary. Retirement village is great for some, but not for others. We are all different 😄
My husband and I live happily in a Retirement Village. I have numerous health issues and like the security of being near people, my kids and grand kids (although they don't have to worry about us) plus health services, he is more independent. Our solution is owning a camper van, where he can take off if he feels the need. It's working pretty well :)
Well said Katherine, fly to 'your' dream retirement location at least 3 times before buying anything. We flew to Phuket, loved it first time, really enjoyed it 2nd time and on third visit agreed not for us. Buyer beware. My wife & I deal with the elderly and one issue cropping up? Once in such village residents feel 'stuck' and if they don't like the neighbour there is nothing that can be done. Sad yes, true yes, friends & family in our circle all voted to stay in the family home until the very end. There is home care, garden care, food deliveries...aged care villages have their place but beware of some hidden pitfalls.
in my case constant bullying by neighbour who is well known for this the last owner sold up and left and l inherited all her problems 6 complaints in my first 2 weeks of residence, l am getting out asap at 82 who needs the stress its causing health issues
Be VERY careful - so many are rippimg us off
Well, I am not sure about ripping off, it is a matter of reading the contract and understand the rules
I think the million dollar question is what happens when as a couple you downsize into a retirement village and eventually one partner needs to go into high care but you can’t afford the bond as all your cash is tied up in the non accessible retirement accomodation which you can’t touch. No reverse mortgage against a retirement unit.
Yep,problem for us older people.
Would be important to advise your subscribers that the model has changed in recent years with majority now using a land lease model without exit fees and the right to sell and retain any appreciation. My wife and I have been looking into this over the last couple of years and I've seen lend lease retirement property values climb considerably in that period. Important your subscribers understand they do not own the land in these cases.
Good point Malcolm, thank you.
Hi Katherine
Wanted to thank you for such a prompt response to my last question, I do need to ask one more though,, once age pension is approved for an overseas residents are they any restrictions as to where
payment should be deposit
Thanks again for your kind reply
Alicia, in most cases if you live overseas, payments are made monthly rather then fortnightly and will be deposited to your overseas bank account once provided to Centrelink
@@AboutRetirementTV
thanks Katherine, you are awesome your prompt and knowledgeable reply is highly appreciated
Many many thanks
Retirement Villages aren't for everyone. There are good ones and bad ones. Do your research and know what you are signing up for. Don't listen to salespeople. Talk to the residences of the village before you sign on the dotted line.
great advice, thank you 😀
Bullying. victimisation rife 3 couples sold up and moved out and I am next impossible to live your remaining years putting up with constant inspections regarding stupid irrelevant without foundation complaining Body Corp ineffectual in dealing with these folk
Well I can see Maggie, you have not had a good experience