Originally Posted by
percy
My 83 year old brother and his wife are looking to move into a retirement village.
Reasons.
He has had a health scare requiring a pace maker to be fitted.
Wife had a bad fall last year.
A lot of their friends have died and few people now visit them.
A friend lives in a retirement village.Always a lot of organised activities,such as trips,outings,card schools,bowls and walks etc.
So livestyle ,safety and companionship are the driving forces.
The unit they are looking at in Hobart is approx $200,000 less they what their house will sell for.
DMF is 8% a year to max of 40% after 5 years.