Retirement villages are a popular accommodation option for older Australians, with nearly 200,000 seniors across the nation calling a retirement village home.
Nine out of ten residents use the sale of their family home to pay their ingoing contribution to live in the village. Three quarters of these family homes were sold for under $500,000, with 43 per cent selling for between $300,001 and $500,000.
The top reason older Australians give for moving from their family home was declining health and the desire to have medical support to hand. Three quarters of residents consider it important that they have access to visiting doctors and physio/podiatrist care. Nearly 70 per cent of residents have used an emergency call button in their village.
For more facts about why retirement village residents make the move, and the state of the industry, download our fact sheets.
Retirement Villages and the Ageing Population
Retirement Village Contract & Finance Models
Lifemark Village Scheme: Key Facts
Retirement Villages and Residential Aged Care Facilities compared
Retirement Village Operator Profile
Retirement Village Resident Profile
Retirement Living Council: Key Facts
Retirement Villages and Lifestyle Parks: what’s the difference?