Retirement villages are in high demand among older Australians, particularly as the number of individuals over the age of 65 continues to grow. There are several sorts of retirement housing to select from, depending on your needs and financial situation. Some retirement communities are connected to or near an elderly care institution, allowing you to simply move as needed.
Whatever you choose to do with your retirement, where you spend it is just as important as how you spend it, and more individuals are choosing to live in a retirement village. According to the Property Council of Australia, there were over 2,300 retirement villages in Pakenham in 2014, with over 184,000 seniors living in them. However, other estimates suggest that by 2025, the number of people living in retirement villages would have doubled, with up to 382,000 people living in retirement villages. Retirement villages are residential complexes that provide a variety of housing options, services, and amenities.
Swimming pools and golf courses are among them, as are social activities and 24-hour emergency support. You could be enticed by the prospect of downsizing into a like-minded community with added perks while yet preserving your independent living lifestyle. Despite the fact that retirement villages have additional expenditures, houses in these communities are frequently less expensive than comparable-sized homes in the same region. Some retirement villages also feature rental homes, allowing you to take advantage of the perks of living in a retirement village without having to own a property.
Some retirement village projects are increasingly delivering residential care and have integrated levels of care. This implies that, even if your requirements have changed, you may continue to reside in the same neighbourhood. If one of you has complex requirements or can't continue to live in your own home, this is especially helpful for partners because you can stay near to each other and friends. You must still be examined by an Aged Care Assessment Team to be considered for residential housing in a community (ACAT or ACAS in Victoria). Villas, also known as Independent Living Units (ILUs), are designed for those who need little or no assistance with everyday tasks but still wish to benefit from the amenities of a retirement community.
From high or medium-rise complexes to terrace housing configurations to a stand-alone or semi-detached structure, properties range from one to four bedrooms and come in a variety of styles and sizes. Serviced apartments typically feature one or two bedrooms and provide you with 24-hour security and access to living help. They are great when you don't require round-the-clock medical assistance but want some additional aid with everyday tasks such as nightly meals, weekly cleaning, washing, and personal care. While most apartments come with a tiny kitchenette, meals are normally eaten in a dining room setting.
Many retirement villages provide access to a range of home care services, such as help with household chores and transportation to appointments, whether you live in a villa or independent living apartment. Home care services are an added cost, whether you utilise in-house help or a third-party provider. However, the Commonwealth Home Support Programme (CHSP) and Home Care Packages provided by Blue Hills Rise may provide you with additional financial assistance for home care services (HCP).
