Hi Jimmy & Sue
Enjoyed your podcast this week and found the section on retirment villages interesting – I have been giving these some thought as well. You didn’t mention the DMF (deferred management fee) which is payable on exit from the village – approximately 30% of the purchase price of your unit. This needs to be taken into consideration when prople consider this lifestyle option. The fact that the purchase price of the village unit (or villa) is much cheaper than market value in the surrounding area in the first place must be balanced against the DMF.
David.