Mak­ing the move eas­ier on res­i­dents

The Courier-Mail - Home - - RETIREMENT LIVING - EMILY BLACK

Com­pre­hen­sive changes to the Re­tire­ment Vil­lages Act were re­cently un­veiled that will bring greater pro­tec­tion for older Aus­tralians buy­ing into vil­lages, while mak­ing the process sim­pler for them.

Imag­ine Pro­jects Se­nior Liv­ing Con­sul­tants ex­ec­u­tive di­rec­tor Emma Plasier, who also sits on the Prop­erty Coun­cil’s Re­tire­ment Liv­ing Board, said one of the sig­nif­i­cant changes was the manda­tory buy­back laws.

“If vil­lages haven’t sold their units within 18 months they’re go­ing to en­force the vil­lages to pur­chase those units back from the vendor, be­cause at the mo­ment they don’t have this pro­vi­sion,” Ms Plasier said.

“We’ve also heard that new con­tracts are com­ing out on Fe­bru­ary 1, 2019.’’

Cur­rent con­tracts buy­ers must sign when they pur­chase in a re­tire­ment vil­lage have been crit­i­cised as too com­plex and con­fus­ing for older Aus­tralians.

“The new con­tracts that are com­ing out, are ba­si­cally sim­pler, eas­ier to un­der­stand and come with dis­clo­sure doc­u­ments,’’ Ms Plasier said.

“There is even a vil­lage com­par­i­son doc­u­ment, so we go to one vil­lage and then go to the next vil­lage and then use that as a base and com­pare apples with apples, be­cause at the mo­ment it’s like com­par­ing apples with cheese.”

Ms Plasier’s com­pany works with re­tire­ment vil­lages to cre­ate de­signs and ser­vices to meet the needs of the cur­rent re­tire­ment mar­ket.

She said her most re­cent project was work­ing with OzCare in Her­vey Bay on their up­com­ing re­tire­ment vil­lage.

“The one in Her­vey Bay, we’ve had a de­sign panel, and this is a fab­u­lous vil­lage but in the early stages.

“We ac­tu­ally got a whole lot of con­sumer clients to meet on a reg­u­lar ba­sis and they’ve helped de­sign the vil­lage and come up with fi­nan­cial mod­els and we’re pulling to­gether con­cepts for the vil­lage.

“We’ve ac­tu­ally just ap­pointed one of them to help de­sign, he’s part of the Men’s Shed, so he’s com­ing on board to help de­sign the Men’s Shed for the vil­lage.

“This is the fu­ture, to ac­tu­ally get the con­sumers and let them tell the op­er­a­tors what it is that they want.”

Ms Plasier said she also worked on Alon­dra Res­i­dences, a “bou­tique” re­tire­ment vil­lage in Nun­dah on Bris­bane’s north­side.

The de­vel­op­ment is about to be launched to the mar­ket, and will of­fer 52 res­i­dences with a choice of one, two and three bed­room apart­ments, as well as an in-house concierge, rooftop gar­dens, cafe and in-house ser­vices.

Alon­dra Res­i­dences at Nun­dah will con­sist of 52 apart­ments with rooftop gar­dens, cafe and in-house ser­vices for its res­i­dents.

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