Retirement Villages

Retirement villages cover a range of models, usually for people aged 55-plus, and there are questions you need to ask and information you need to know.

Typically, you are not buying the land or the building and you won't get capital gains - what you're buying is the right to live there.

There is also a deferred management fee, typically 20 to 30 percent of your original capital.

There are other models out there but this is the most common.

Video supplied by the Commission for Financial Capability.


Try to explore several options and take a checklist with you to see whether a retirement village meets your preferences and needs.

The Commission for Financial Capabilities website has a number of checklists on their website to help you.

Download a checklist to help make comparisons between retirement villages quick and easy.

Retirement villages are not like other residential properties

Do you know that buying into a retirement village is different from buying other residential property?

It’s important to talk to a lawyer and get independent legal advice so you are well informed of the implications.

Each Village will be different in terms of its financial structure and legal title.

The Complaints Process

All villages must have a complaints procedure in place, and should respond to any complaint under the Retirement Villages Act.

If something goes wrong, do you know about your retirement village’s complaints process?

Find out more about the complaints process at the Commission for Financial Capability website below.

Consider your future lifestyle and needs

When deciding the place that’s right for you, it’s a good idea to not only think about the lifestyle you lead now, but the lifestyle and needs you may have in future. This is no different if you are planning to enter a retirement village.

You may want to consider your current and future:

  • Level of independence
  • physical and medical needs
  • home maintenance needs
  • social and emotional needs
  • financial needs

Useful resources

For more information on retirement villages, you can visit the websites below

The Commission is responsible for the promotion of education and publication of information about retirement villages, monitoring the effects of the legislation and Code of Practice and the establishment and oversight of the disputes panel system.

They have a number of excellent publications on retirement villages on their website and the Sorted website.