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.
We
have now added a Rental Directory to our
suite of directories to make it easier to find rental accommodation.
There is no
easy way to identify which other retirement villages and seniors
facilities have rental accommodation available, but our other
Directories are a good place to find
contact details for further enquiries and local councils may be able to
provide additional information.
