Elderly homes prompt seminar
With two retirement villages ten minutes apart, containing 500 new homes, looking likely for Queenstown, an independent expert is visiting to help elderly make decisions.
Retirement villages manager at the Commission for Financial Capability, Troy Churton, will speak in Queenstown to give an independent insight to the retirement village experience.
‘‘It will be an old fashioned authentic seminar with a lot of likeminded people coming along, who are not necessarily going to do it [purchase a unit] but are thinking about it.’’
Speaking to a lawyer before making any decisions on the retirement village living was mandatory, he said.
There were three key things to consider.
‘‘We are looking at the personal circumstances, legal framework and financial applications,’’ Churton said.
The discussion would also involve lifestyle choices, financial implications and different options available.
‘‘Do they want security? Do they want companionship? Maybe it is a good time to live the final chapter of life with another 60 people.’’
Two new retirement villages in Queenstown would be ‘‘the most rocking thing for anybody aged over 70’’ in the region, Churton added.
Retirement developments in the region could also help ease up the tight house market as house owners move out of homes.
‘‘It’s about freeing up the equity and some property stock for other generations,’’ Churton said.
Grey Power Queenstown Lakes president Lesley Jones said it would be good to hear neutral professional advice on the retirement housing options.
‘‘It’s a very serious decision to make. When we get older there’s a lot of pressure on us to change our lifestyle.’’
Retirement homes would provide better support services but not everyone could afford those services, she said.
‘‘The number of new villages would also attract more people to the area as it is known as a desirable place to live.’’
The Queenstown retirement village seminar will be run in conjunction with Grey Power at St Margaret’s Church Hall on November 25.