Accommodation in a Retirement VillageRetirement Villages are open to people who have retired (men 65, women 60) and invalid pensioners. The broad classification of accommodation in a retirement village is: - 1. Self-care units: Incoming residents pay an Entry Contribution to enter a self-care unit. They are entitled to occupy the unit for as long as they are medically capable of caring for themselves. Repayment of 90% of the Entry Contribution will be made except when the unit is vacated within 3 months of occupancy when the repayment will be 95%. The refundable portion is available 3 months after the delivery of possession date, or in the case of death, becomes part of the person's estate. A weekly service fee is charged to cover all running costs of the village and is reviewed following consultation with the Resident's Committee. Residents pay for their own telephone, electricity and gas where applicable. Most of these expenses are met by the resident's pension. There are one and two bedroom units, carpeted, ensuite bathrooms, living and dining rooms combined, kitchen and laundry. Space to park your car can also be provided. The Entry Contribution varies between $90,000 and $125,000. 2. Hostel:Incoming residents pay an Entry Contribution to enter a hostel bed-sitting room, meals provided in a communal dining room. The entry contribution for a small bed-sitter with a shared bathroom with insufficient space for a fridge is approximately $20,000 and approximately $25,000 for a much larger bed-sitter with an ensuite bathroom, entrance area and space for a fridge. Residents pay for their own telephone and electricity. Most of these expenses are met by the resident's pension. 3. Nursing Home: Air conditioned bed care once the resident is bedridden. Accommodation and Entry Contributions may be expected to vary slightly from one Retirement Village to another and from state to state. One should carefully evaluate each one on it's merits. IntroductionClick Here to Return to my Home Page |