By freeing up more properties for families, over-55 resorts could become a crucial part of the puzzle addressing Australia's housing crisis, according to the nation's peak retirement living body.
Retirement communities could be a crucial part of the puzzle in addressing Australia’s housing crisis .
Eighty-one-year-old Glenys Kirkwood downsized eight years ago, and now lives in Taramind Place, an over-55s estate at Rockhampton in central Queensland. "Older Queenslanders can free up a lot of capital when they consider moving into a retirement community. But they are also helping ease Queensland's housing crisis by freeing up more homes in the middle of the market for younger Queenslanders," Mr Gannon said."Retirement community" is an umbrella term for over 50s lifestyle resorts and retirement villages.
Across Australia, there are 458 operators of retirement communities, with more than 200,000 independent living units , the RLC report stated.A retirement community will include an initial entry payment, regular service fees to cover general management and maintenance. Some operators require an exit fee on departure.
"The external gardens are completely looked after by the establishment and I've only got a very little garden in the backyard … it's quite sufficient for me to cope with," she said.It also gave her a sense of community and friendships with people she usually wouldn't have crossed paths with."There's activities during the week that I can join into if I want to and don't have to if I don't want to.
Retirement Homes Retirement Living Housing Crisis Housing Shortage Older Australians
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