As you approach retirement, one important decision is whether to move into a retirement village or stay where you are. This guide outlines the key considerations to help you make an informed choice.  

Why Consider a Retirement Village? 

1. Safety & Security
   Retirement villages often offer 24/7 security and gated communities, usually without extra cost to residents.
2. Social Engagement
   A strong sense of community helps reduce loneliness and supports mental wellbeing.
3. Maintenance-Free Living
   Exterior upkeep, gardens, and communal areas are managed for you.
4. Health & Wellness Support
   Access to panic buttons, on-site healthcare, doctors, and pharmacies in some villages.
5. Financial Predictability
   Fixedmonthly fees make budgeting easier. 
6. Personal Growth Opportunities
   Activities, hobbies, and classes help keep you active and socially connected.
7. Agingin Place 
   Many villages offer care options from independent living to frail care. 
8. Peace of Mind for Family
   Knowingyou’re safe and supported is reassuring for loved ones, especially if they live far away. 

 

What to Look for in a Retirement Village 

Location 

• Climate and scenery – Choose a setting that suits your lifestyle. 

• Proximity to amenities – Ensure access to shops, healthcare, and transport. 

• Accessibility – Consider distance from national roads, hospitals, and airports. 

Housing 

• Unit types – Visit villages to explore layouts and pricing. 

• Levels of care – Confirm what care options are available as your needs evolve. 

• Pet policies, visitor rules, downsizing options – Know the rules upfront. 

 

Services & Amenities 

• Healthcare – Check for on-site doctors, pharmacies, and dementia support. 

• Social activities – Look for clubs, sports, and hobbies. 

• Dining & transport – Are meals provided? Is transport available when you can’t drive? 

• Other facilities – Libraries, hairdressers, and gyms enhance quality of life. 

 

Financial Considerations 

• Upfront costs – Understand deposits and whether they’re refundable. 

• Monthly levies – Ask what’s included and review annual increase trends. 

• Village finances – Request the latest financial statements for sustainability. 

• Life rights refunds – Know what percentage is returned and when. 

 

Community & Lifestyle 

• Resident demographics – Make sure the social environment suits you. 

• Village atmosphere – Take a tour, speak with residents and staff to get a feel for the community. 

 

Contracts & Legalities 

• Understand the contract – Read the fine print carefully. 

• Medical assessments – Some villages require health checks before admission. 

• Waiting lists – Popular villages may require early registration. 

 

Life Rights vs Sectional Title: What’s the Difference? 

Life Rights 

• No ownership of property 

• No transfer or bond fees 

• Reduced maintenance responsibilities 

• More rules, but more support 

• Levies usually include municipal costs 

• No capital growth – profit goes to the developer 

Sectional Title 

• Full ownership of unit 

• Responsible for maintenance, rates, and insurance 

• More flexibility with unit changes 

• Resale profits are yours 

• Upfront legal and transfer fees apply 

In Summary: 

• Choose Sectional Title if you’re looking for property investment. 

• Opt for Life Rights for a hassle-free, service-oriented retirement. 

 

Final Thoughts 

Do your homework. Visit villages, ask detailed questions, and trust your instincts. Move while you’re still active enough to enjoy the facilities. Don’t wait until a crisis forces your hand—plan early, especially as a couple. 

As Theodore Roosevelt once said, “Old age is like everything else. To make a success of it, you’ve got to start young.”