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What is a retirement village and why make the move?

What defines a retirement village? Who are they for? And what are the benefits?

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Retirees walking in their retirement village

19 September 2023

Stories | Retirement Living

What is a retirement village and why make the move?

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There’s no doubt that retirement villages are becoming an increasingly popular lifestyle choice for Australian seniors.

A recent study by the Australian Housing and Urban Research Institute revealed that retirement villages are projected to house 7.5 per cent of people over the age of 65 by 2025, with the number expected to continue in an upward trajectory.

But what exactly is the attraction to retirement villages? How big are they, and what are they like to live in? Are they worth the investment and the effort of uprooting? We’re here to answer all your questions and more.

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What are the benefits of moving into a retirement village?

Retirement living offers a wealth of benefits that set it apart from conventional housing. We’ve listed the most common five benefits often mentioned by residents: