Whatever you want to do, where you choose to spend your retirement is just as important as how you
spend your retirement, and more people are opting to live in a retirement village.
According to the Property Council of Australia, in 2014, there were more than 2300 retirement villages in Australia and around 184,000 seniors living in retirement villages. However that figure is expected to double with some predicting as many as 382,000 people will be living in retirement villages by 2025.
Retirement Villages are housing developments offering a range of accommodation options, services and facilities. These vary from swimming pools and golf courses to social events and 24-hour emergency assistance. You may also be attracted to the opportunity to downsize into a like-minded community with additional benefits while maintaining your independent living lifestyle.
Although there are other costs associated with retirement villages, properties are often cheaper than similar sized homes in the same area. Some villages also have rental properties, meaning you can still enjoy the benefits of retirement village living without having to own the home.
Types of retirement villages
There are two types of villages in Australia offering ownership and rental opportunities.
Types of retirement properties
Villas & ILUs
Villas, (sometimes referred to as Independent Living Units), are designed for when you require little or no assistance with daily activities, but want to enjoy the benefits of living in a retirement community.
Properties range from one to four bedrooms and come in many shapes and forms varying, from high or medium-rise complex or terrace housing arrangement to a stand-alone or semi-detached building.