Step 3

Why do people downsize to retirement living

Our McCrindle Baynes Village Census research shows that most people don’t want to leave the family home, understandably, as it represents all the good things in life for most of us.

However the same research covering over 15,000 retirement living residents identifies that this attitude changes when an event occurs in our life that makes us reconsider our housing plan. 

The three major types of events are a physical event, a financial event or an emotional event.

Physical Event
  • A physical event could be as simple as finding it hard to look after the garden or climb the stairs to the second level or carry the groceries. Or it may be a fall in the garden, breaking a limb. It is time to look for an easier and safer home.
Financial Event
  • A financial event often involves looking forward and considering whether you have enough savings and wealth to maintain the house, support your own medical health and have enough cash to live well for the rest of your life - and your partner’s life.
Emotional Event
  • An emotional event often involves loneliness and isolation. The loss of a partner or no longer being able to drive or simply that your neighbours and the neighbourhood has changed.

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A special thanks to our contributors

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Caroline Egan

DCM Media, agedcare101

Caroline has a wealth of experience writing within the retirement and aged care sector and is a contributing journalist for the Villages.com.au and agedcare101 blog and accompanying newsletters.

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Ian Horswill

Journalist

Ian is a journalist, writer and sub-editor for the aged care sector, working at The DCM Group. He writes for The Weekly Source, agedcare101, villages.com.au and the DCM Institute fortnightly newsletter Friday. Ian is in daily contact with CEOs of retirement living, land lease and the aged care operations and makes a new contact every week. He investigates media releases, LinkedIn and Facebook for a good source for ideas for stories.

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Lauren Broomham

Retirement and Aged Care Journalist

Lauren is a journalist for villages.com.au, agedcare101 and The Donaldson Sisters. Growing up in a big family in small town communities, she has always had a love for the written word, joining her local library at the age of six months. With over eight years' experience in writing and editing, she is a keen follower of news and current affairs with a nose for a good story.

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Jill Donaldson

Physiotherapist

Jill has been practicing as a clinical physiotherapist for 30 years. For the last 13 years she has worked solely in the Aged Care sector in more than 50 metropolitan and regional facilities. Jill has also toured care facilities in the US and Africa and is a passionate advocate for both the residents in aged care and the staff who care for them. She researches and writes for DCM Media.

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Chris Baynes

DCM Media, agedcare101

Chris has been a journalist and publisher in the retirement village and aged care sectors for 11 years. He has visited over 250 retirement villages and 50 aged care facilities both within Australia and internationally. Chris is a regular speaker at industry conferences plus is a frequent radio commentator.

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Annie Donaldson

Nurse and Carer

Annie has a long career in both nursing and the media. She has planned and co-ordinated the medical support from both international TV productions and major stadium events. In recent years she has been a primary family carer plus involved in structured carer support.