{"id":1523,"date":"2022-11-16T00:23:33","date_gmt":"2022-11-16T00:23:33","guid":{"rendered":"https:\/\/blog.villages.com.au\/?p=1523"},"modified":"2022-11-16T00:26:11","modified_gmt":"2022-11-16T00:26:11","slug":"rental-an-affordable-option-for-retirement","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/retirement\/rental-an-affordable-option-for-retirement\/","title":{"rendered":"Rental: an affordable option for retirement\u00a0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1523\" class=\"elementor elementor-1523\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bd84311 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd84311\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e6984a\" data-id=\"0e6984a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36f92ec elementor-drop-cap-yes elementor-drop-cap-view-stacked elementor-widget elementor-widget-text-editor\" data-id=\"36f92ec\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>A<strong>re you looking at moving into a retirement village, but worrying you might not be able to afford the upfront costs? There may be a solution for you: rental villages.<\/strong><strong>\u00a0<\/strong><\/p><p>Retirement rentals can either be part of a normal retirement village \u2013 combining rental units with \u201cowned\u201d units \u2013 or part of a dedicated village offering solely units for rent.<\/p><p>Unlike a traditional retirement unit, which you buy up-front and then sell when you move out, attracting a Deferred Management Fee as you do, renting a unit works exactly the same as renting a normal house or apartment.<\/p><p><strong>You pay rent (usually a certain percentage of the Age Pension) on a regular basis, with meals and various services such as a village manager included, and there are generally no extra monthly service fees or incoming contributions, making it far cheaper than buying.<\/strong><\/p><figure id=\"attachment_1526\" aria-describedby=\"caption-attachment-1526\" style=\"width: 400px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.villages.com.au\/qld\/robina\/odyssey-robina-14447\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1526\" src=\"http:\/\/www.villages.com.au/blog\/wp-content\/uploads\/2022\/11\/Rental-robina.png\" alt=\"Odyssey Robina, a rental retirement village in the Gold Coast\" width=\"400\" height=\"249\" \/><\/a><figcaption id=\"caption-attachment-1526\" class=\"wp-caption-text\">Odyssey Robina, a rental retirement village in the Gold Coast<\/figcaption><\/figure><p>Because you\u2019re renting, you may also be eligible for Rent Assistance from Centrelink, and many rental villages will also means test potential residents to make sure the affordable options are going to people who need them.<\/p><p>Even if you\u2019re planning to live in a traditional retirement village or land lease community, renting can be a great option if you\u2019re waiting on your house to sell, which can take up to 12-18 months depending on the house and the area. As an extra plus, it gives you the chance to see if that village is right for you before you buy.<\/p><p><strong>Renting can be an excellent way to gain all the benefits of a traditional retirement village \u2013 such as the services and the community \u2013 without big upfront fees, and rental options range from budget to premium; you\u2019ll often find rental villages in regional or outer metro areas.<\/strong><\/p><p>There are more than 300 dedicated rental villages in Australia, run by operators such as Ingenia and Eureka \u2013 check <strong><a href=\"https:\/\/villages.com.au\/\">villages.com.au<\/a><\/strong> to find out if there are any near you.<\/p><p><em>Image: Chris Robert\/Unsplash<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Are you looking at moving into a retirement village, but worrying you might not be able to afford the upfront costs? There may be a solution for you: rental villages.\u00a0 Retirement rentals can either be part of a normal retirement village \u2013 combining rental units&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[70],"tags":[103,83,95],"class_list":["post-1523","post","type-post","status-publish","format-standard","hentry","category-retirement","tag-rental-villages","tag-retirement-villages","tag-tips"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/comments?post=1523"}],"version-history":[{"count":7,"href":"https:\/\/blog.villages.com.au\/wp-json\/wp\/v2\/posts\/1523\/revisions"}],"predecessor-version":[{"id":1532,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1523\/revisions\/1532"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=1523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=1523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=1523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}