Start living the good life – resort living for over 50s
Long gone are the days when downsizing into a retirement facility was something to dread. Nowadays “over 50s communities” are all about living the good life and there’s no need to wait until you retire to treat yourself.
Complete with all the trappings of an upmarket resort, over 50s communities with a focus on lifestyle are popping up all over the US
and Australia appears to be following suit. Catering to an ageing population of baby boomers, who have never been the kind of generation to take second best, most ‘over 50s communities’ come complete with pool, fitness centre, spa, tennis court, cinema, library and social club. They are marketed to active people – empty-nesters who are looking to downsize home maintenance and upgrade lifestyle and security.
As Kate Hammond, Chief Executive of the Retirement Village Association told the Sydney Morning Herald in March, these resorts are completely different from nursing homes or aged-care accommodation although many also offer these facilities for later on.
“They are not where people go because they are ailing,” she said. “They want service and lifestyle but they also want to maintain the investment of a home.?
However like any move, moving into an over 50s community can be quite complicated, so it’s important to get the appropriate legal and financial advice. Like when you move into any new home, it’s advisable to have a legal professional check-out the documentation.
Financially, there is also a lot to consider. Can you afford to move? How will you invest any excess money from the sale of your home? Will you have any money left over for your children or grandchildren? We can help you understand how the move will impact on your financial situation, estate planning and Centrelink entitlements. We can also act as a facilitator between you, the over 50s facility and a legal adviser.
For empty-nesters, moving out of the family home is a big life change and many wait until retirement, a medical setback or the death of a partner to make the move. But with resort-like facilities awaiting, it needn’t be left to the last minute to consider. Getting in early will give plenty of time to consider all your options and mean you’re fit enough to enjoy the quality of life offered.
Luxurious retirement
Noble Lakeside in Hervey Bay is a good example of what you can expect from the more upmarket resort-style accommodation. Offering 11 designs, these waterfront luxury three-bedroom homes are just minutes from the beach and surrounded by landscaped gardens. Five star amenities include a five-rink lawn bowls field, tennis court, gymnasium, indoor pool and spa, library, dance floor and snooker table. The apartments come equipped with all the mod-cons including a security video intercom, reverse-cycle air conditioning and Fisher & Paykel appliances including dishwasher.
You can buy a home from Noble Lakeside in Hervey Bay for as little as $350,000. Later, if you choose to sell it, you will retain any proceeds from the sale. Alternatively you can choose to gift it to your estate upon death. In addition, Noble Lakeside will charge a site lease of $110.50 a week, which includes council rates, garden maintenance and use of all the resorts’ facilities. Pensioners are able to apply for rental assistance towards this fee from the Government or Veterans Affairs. www.noblelakeside.com.au
For more details, talk to Ian or Bert.
Disclaimer:
RetireInvest Pty Ltd. (ABN 23 001 774 125) Australian Financial Services Licence 238429
The information in this flyer is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. RetireInvest strongly suggests that no person should act specifically on the basis of the information contained herein, but should obtain appropriate professional advice based upon their own personal circumstances including personal financial advice from a licensed financial adviser and legal advice.