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The weekly fees to be paid in retirement villages to cover the operational costs of the village need to be paid by the resident, or their estate, until their leased retirement village home is leased to the next resident. Each state has different regulations on how long the retirement village operator can charge this fee. the WA Government is moving to limit the time it can be charged to just three months, where in NSW it is nine months.
The Retirement Village Association has moved to strengthen the position of the village sector by joining the Property Council
Located in Fullerton, this new 142 apartment village will offer 5 star luxury. Already popular, it has sold 60% of its apartments off the plan
the industry peak body representing operators of retirement villages is the Retirement Village Association. It has just announced it is forming a new organisation together with the Property Council of Australia.
Australia's largest home builder, Stockland, is on track with its strategy to become one of the largest retirement village operators, with a $41 million profit in 2012. They have a massive pipeline of new retirement village homes that they plan to build over the next 5 years.
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