Aging residents are leaving big Australian cities in droves for a whole host of reasons. For many the time has come to get away from the ever expanding hustle and bustle. Commonly, as people reach retirement they no longer want the stress of the Sydney, Melbourne or even Brisbane lifestyle. Many look at moving to retirement villages where properties are much easier to maintain and where amenities are close.
As an example, as some of the Sydney population ages, many are looking for quieter places to spend the rest of their lives. People are moving out of Sydney to places like the Central Coast, Newcastle, Port Macquarie, Coffs Harbour and anywhere in between. Some may venture interstate and even abroad. Sam at Sirius Removals has said they have never done more retirement moves than they have this year.
What Are The Main Things I Need To Know About Retiring?
It’s probably a good Idea to talk to a qualified financial advisor that specializes in retirement planning. Depending on what assets you own and your superannuation that you may be drawing down on. The main thing you need to know is about being the most financially secure you can be.
For example, you may own things like a boat that may need to be sold. Boats if you own one are notoriously well known for running costs into the ground. Mainly due to their maintenance costs and running costs. In general you are going to be wanting to cut costs.
If you have investment properties you may want to consolidate by selling and making sure all your mortgages are paid off. By speaking with a qualified retirement planner you are going to get a clear cut road map of what you are going to need.
What To Know About Retiring and Selling Your Property in Sydney
When it comes to retirement, like so many, you are ready to sell. Then you should find that you may be able to sell your house or investment property quickly. Currently, that does not seem to be a problem, Sydney properties are selling like hotcakes. Real Estate agents have never been busier selling properties for retirees. In some cases, sales have been made in minutes, meaning there have records broken for the speed Sydney properties have been sold.
In essence, if you own a property in Sydney then there is no need to worry about wondering whether or not it’s going to sell. Currently there are more buyers than homes, this means its good time to sell. When there are more homes than buyers, generally it’s not a good time to sell. That does not seem to be the case in Sydney at least. Some of the key points of how you can get the most money out of the sale of your house.
You need to get the right price. Sometimes this is not always the highest price. Factor in all the costs, not just real estate commissions. Take into account moving costs, maintenance and repairs and other hidden costs. It most likely wise to at least double the commission fees
How To Choose a Good Retirement Village?
Thank goodness, retirement villages these days are not what they used to be. Most senior villages entry point starts at 55 years of age. In most cases, people are looking to down size their homes and consolidate assets. However, they are still wanting to live full lives and want to stay occupied and keep a certain lifestyle.
Retirement Villages these days are more like modern apartments or even resort style complexes. Fully equipped, with gyms, medical facilities, entertainment rooms, social clubs and more. The main problem is the choices available and the fact that there are so many. In some cases, it may be even difficult to get into one that you want or there may be a waiting list.
Seniors want independence and a good quality of life and that overall can increase life expectancy in people.
9 Good Tips On Choosing the Perfect Retirement Village
Number 1 – Think about the surroundings that you would be wanting. Do you want a beach environment or the bush? Or perhaps you may want both? Maybe you would prefer to stay in the city and be close to the city amenities. Whatever it is you are looking for then this is probably the first thing you want to take into account.
Number 2 – Go and actually check out the ones that are of interest. By physically going to and seeing a few. You are going to know in your heart what is going to be suiting you best.
Number 3 – Talk to the villagers and the managers of the village. By doing this you are going to get very good insights on how things work and what is going to work for you.
Number 4 – What are the ongoing fees of your retirement village? This is going to be an important factor obviously. Every retirement village depending on location and surrounding amenities are going to have fees that vary.
Number 5 – What is included in the way of utilities, basically what is included and what is not. This is something you need to be clear cut so you can start making plans.
Number 6 – Are you allowed pets and if so what kind of pets are allowed? If you are on a resort style then they may be more flexible than if you are in an apartment. For example, in apartments they may allow birds and cats but not dogs.
Number 7 – Consider you health, meaning, do they have on-site medical facilities or visits from a general practitioner? Or do you still need to travel for check ups and other medical treatments.
Number 8 – Seek legal advice about contracts these leases are different to your stand home leases or property purchase.
Number 9 – Do you have hobbies and are you going to be able to keep doing them? Ask about the entertainment and activities available. As we get older we want to keep active physically and mentally. So this is very important to our overall health and well being.
