Australians continue to give serious thought to their retirement living options, with almost 40 per cent saying they would consider moving to a retirement village.
According to a new poll by PRDnationwide, Australians would move to a retirement village for security reasons.
“They are sometimes travelling and like the idea of their property being maintained and secure while they are away,” PRDnationwide research director Aaron Maskrey said.
He said seniors were often drawn to the idea of downgrading their cars and houses to have extra money to provide a better retirement lifestyle.
Mr Maskrey said there were 374 proposed aged care developments in the pipeline for Australia with an estimated end value of $9.9 billion.
“People who release cash by selling their family home can sometimes invest in a retirement village and have extra funds to buy an investment property to produce an income stream,” he said.
“It is the perfect time to reduce the costs of home maintenance and to upgrade to a better lifestyle.”