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People looking to sell the family home to buy into a retirement village can be more optimistic about a speedy sale at a better price, according to the ANZ Bank.
If you’re tired of confusing, sometimes bewildering village contracts that people ask you to sign, you’re not alone.
Did you take on new debt shortly before moving into a retirement village? It’s a growing trend that has the government worried..
Most people that move in to a retirement village are either married couples or recently widowed. part of the reason is cost. Regrettably most women that have never married are not as financially well off as a married woman.
Resort parks, also known as manufactured Home Parks, are becomng increasingly popular. One of the larger resort park operators is Lifestyle Communities in Victoria. They have been very successful, especially with their Cranbourne village, which has sold 72 new homes in 12 months.
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Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.