The Hidden Costs of Retirement Village Contracts The allure of a retirement village can be enticing – a sense of community, access to amenities, and the promise of a carefree later life.
However, as Australians consider making this significant decision, they would do well to scrutinize the fine print on their contracts, particularly those built around an exit fee model.
Exit fees remain the norm in retirement villages, with 33% average fees reported by the latest figures from the Retirement Living Council/PwC Census.