If you are on an age pension you may be eligible for rent assistance. Even if you buy a retirement village unit or a relocatable home, you may still be able to access rent assistance to help cover weekly charges and boost your budget, making your preferred choice of home more affordable.
And of course there are many senior rental units and senior rental villages available so you can still enjoy all the benefits of retirement village living even without the up front cost of buying. This can be a great way to easily and more flexibly relocate to be near family or friends, or try out living in an area or a village before committing to buy a new home. Alternatively rental villages can offer a great long term budget option without tying up your savings in your home.
Many seniors rental villages are geared to seniors on the age pension, making them very affordable for those on a tight budget. There are a range of purpose built rental retirement villages available which offer new villages with resort-style facilities such as swimming pools and bowling greens. Some offer extra services such as meals and laundry too, with rates pegged to the age pension and rent assistance rates.
Find out more about eligibility for rent assistance and how to locate seniors rental villages on the Seniors Housing Online News and Information page.
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