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National Director, Transaction Services for Colliers, Phil Smith, reviewed retirement village and care transactions across 2014 at the LEADERS SUMMIT 2015 in Sydney.
The huge Penrith Panthers Leagues Club will commence building within six months a 108 unit retirement village plus 108 bed aged care facility on 22 ha adjacent to its club in central Penrith.
Chas Jacobsen returned to the LEADERS SUMMIT this year to provide an open and engaging discussion on how the retirement village world had significantly changed in the past 12 months. Today ‘care’ is both vital for a village to be successful and represents a significant opportunity.
Professional advisory firm Grant Thornton has issued a report that forecasts the number of Australians in retirement villages will rise by 198,000 people by 2025.
Retirement villages save government $2.16 billion per annum. Freeing up the Centrelink penalty on the cash surplus created by downsizing from the family home to a retirement village can increase this saving significantly.
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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.