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Retirement Housing - Rental Accommodation

Although most retirement housing requires the payment of an initial entry contribution, which can be substantial, some rental accommodation is also available. The problem is that it can be hard to find. Non-profit organizations (such as religious, charitable and other benevolent organizations and local Councils) have historically been the main providers of rental accommodation for seniors. Units are usually located in small seniors facilities and they may be reserved for people with limited financial resources. Some of these organizations also reserve a few units for rental in larger retirement villages that otherwise require the payment of an initial entry contribution. Again, these units may be reserved for people with limited financial resources.

More recently, the private sector has begun developing purpose built rental accommodation for seniors. These developments generally cater for the lower end of the market and charge a rental that is a percentage of the age pension plus the maximum rent assistance that is available from Centrelink (regardless of whether you actually receive the age pension or rent assistance). Most of these developments are located in regional areas due to the cost and limited availability of development sites in the main metropolitan centres.

To help you find rental villages and villages that offer some rental accommodation in our retirement village directory, you can search the "to Rent" category on our retirement village search page.

To find other retirement villages and seniors facilities that have rental accommodation available, you could try contacting relevant Councils, which may be able to provide information about rental accommodation options in their specific local government area (LGA).

 


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