Successful retirement could hinge on choosing the best village option
With 710,000 Australians intending to retire in the next five years and driving demand for senior accommodation, determining which retirement village model works best for you has never been more important.
Land Lease communities and retirement villages have both experienced exponential growth in recent years. (Image source: Shutterstock.com)
There has been considerable speculation in recent years as to which retirement accommodation model is best for retirees.
The deferred management fee (DMF) model is common among with retirement villages, and the land lease model is also used in over 55s land lease communities.
Both have their pros and cons but before divulging the financial differences, it is critical to first understand how the models differ in terms of legislation, security an…
