The conversations of life

Why a retirement village is better than a house: new report


A new report has revealed that retirement villages are more affordable than residential homes when you factor in the living costs for older Aussies.

Author Lois Towart from the University of Technology Sydney compared nine villages across Australia with residential properties of a similar age, style and level of accommodation, looking at the entry price, ongoing costs, facilities and services, exit price and other factors that couldn’t be repeated in the general community.

She found that while the ownership costs of a house may be lower, the real savings come from the health and lifestyle services included in village life.

Value for money

It makes sense. Most villages offer an array of facilities and services “on tap” for residents including swimming pools, gyms, libraries, GP clinics, emergency call system and social outings and activities.

If you were living in the community and paying for these separately, you’d likely be shelling out more than you would living in a village.

The recent media spotlight on retirement villages has focused attention on the costs of leaving a village, but it’s a good reminder that the cost of living can be measured by more than just fees.

Previous research has also proven village residents also enjoy better health and social connectedness than their similarly-aged peers living at home.

Can you really put a price tag on that?

Lauren Broomham

Lauren is a journalist for, 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.

Discussion1 Comment

  1. Living in a retirement is not a bad idea as they are specially made for retired persons. These villages are created to serve a good quality life to retirees. That’s why there are many senior citizens that prefer living in retirement villages.

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