The great migration : what parents and their kids need to know about retirement villages

In 2011, the first rush of baby boomers are set to turn 65 years of age and retire. Already there has been an increased focus on retiree issues, so it is important the community has an understanding of the governance and requirements of retirement villages. There are two important aspects of the Retirement Villages Act 1999. The first is a resident’s right to reside in a retirement village, and the second is focused on capital costs associated with the resident’s right to reside.