Retirement Villages in Australia – Living in Fine Style!
By Mark Edding

Swimming pools, movie stars – no, it’s not lifestyles of the rich and famous, it’s the new face of retirement accommodation in Australia.

For a growing number of retirees, home is a five-star resort with luxury lifestyle toys such as bowling greens, tennis courts, swimming pools, a theater and an in-house restaurant.

There has been a recent explosion in demand for resort-style living for seniors. Accommodation that is exclusive, sophisticated, stylish and modern.

But the question remains: How expensive is it?

Well there are a lot of well-financed baby boomers who are looking to lead a lifestyle in retirement that delivers some immediate rewards.

Exclusive apartments in Sydney city-based retirement resorts have sold for $1.8 million, mid-range city accommodation is priced between $700,000 and $900,000, while resort homes outside the major metropolitan areas often sell for $350,000 to $500,000.

Retirees selling a larger family home in the outer suburbs of Sydney can downsize to a new luxury resort property for about the same cost. While resort-style communities are springing up in the major capital cities, there are a growing number of developments on the coast or in desirable country areas, with the most popular spots being the North Coast of NSW and the southern Queensland coast.

Currently it seems that for retirement lifestyle resorts demand is outstripping supply. The population is aging, retirees are healthier, wealthier and they’re living longer resulting in a large increase in demand.

Another resort lifestyle appeal is the “lock and leave” option. There are plenty of people who want to be able to travel around Australia or overseas, do the grey nomad thing. Retirees don’t want to have to worry about anything while they travel, they want the village to look after the property.

Given the high, ongoing demand for these properties means that strong capital gain is very likely. Previously, retirement villages have offered low-maintenance accommodation in a community setting where the emphasis was on low costs and security, with wheelchair access and medical facilities a highlight. But these new retirement resorts are like living in a luxury hotel.

In a growing trend, retirees are more willing to spend for the now, whereas their parents would have set aside their money for their children’s inheritance. Choosing retirement villages over leaving inheritances, means that your life’s work will pay off and you can live out the sunset years in comfort and style.

For further information visit http://www.retirementlivingonline.com.au

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