FAQs: What is a Retirement Village?
This is part of a series of Frequently Asked Questions about retirement living in Victoria. Request a copy of our free ebook by clicking on the link at the bottom of this article.
What is a Retirement Village?
Across Australia, each State or Territory has its own legal definition of what a
retirement village is. For the purpose of this article, we will be focusing on Victoria’s
retirement villages. According to the Consumer Affairs Victoria website, a retirement
A community where:
- most residents are aged 55 years or over or are retired from full-time employment
(or are spouses/partners of such people). Residents are provided with accommodation
and services, other than services provided in a residential care or aged care facility, and
- at least one of the residents, as a contractual condition of entering the retirement village,
paid an ongoing contribution that was not rent. It does not matter who made that
payment, or whether it was a lump sum or by installments.
You don’t have to be retired to make the move into a retirement village. In fact, moving into
a retirement village before you transition from full-time or part-time employment is a great
way to ease into your new community and reduce the angst of taking on several life changes
all at once a few years down the track! Some residents of retirement villages never actually
retire and continue work in a part-time or voluntary capacity because they want to.
If you are interested in exploring the possibility of a move to a modern retirement village around Melbourne. Booking a tour at one of the RCA Villages around Melbourne can be a great place to start. Visit the website of the village in the region you would like to visit for contact details.
South East Melbourne
Ask about RCA Villages no deposit reservation process on new villas.