Yes, purchase prices in “over 55’s” complexes do appear to be cheaper, whether buying newly built or years down the track.
As these complexes are often a way for developers to build on land not zoned for the density of strata, such as a suburban street of free standing houses, the location may not be the best for retirees. It could be not near shops and amenities, or lack good access to public transport or even be a steeply sloping site with lots of steps.
The recent controversial article concerning elderly owners unable to afford a special levy had me wondering what happens in these “over 55’s” complexes with multiple owners on limited incomes when the infrastructure ages? Attention would need to be given to budgeting from the beginning to ensure the owners could collectively afford the repairs and maintenance required, especially if there is a lift.