Retirement villages

Moving to a retirement village can be a costly exercise; CHOICE outlines five key risks.
 
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01 .Introduction

Moving to a retirement village is not only a lifestyle decision, it's also a financial one. Extremely high exit fees can mean you may not have enough money left over to seek alternative or more suitable accommodation if you find it unsuitable.

About 5% of Australians aged 65 and older live in retirement villages. Retirement villages are a growing sector, with the number of villages increasing by more than 8.5% over the three years to July 2010. The majority of accommodation options in a retirement village are independent living units; only about 7% are serviced apartments. While independent living units can give you the option to purchase services such as meals and cleaning, a retirement village is usually not suitable if you need a high level of care - in that case, consider a nursing home.

Many of the services available in a retirement village can also be accessed from your own home, especially if you move to a low-maintenance unit. You can get in a cleaner or gardener, order Meals on Wheels, receive daily calls from Red Cross and have an emergency button installed.

Retirement village residents such as Merryl often mention the lifestyle and community spirit as one of the reasons they enjoy living in their village. “It feels as though we live in a resort,” she says. “The people are extremely friendly and there is a tremendous spirit. We have a wonderful manager and an active social committee.”

Tip: Contact your local council to find out what activities and services are available for older people in your local area.

Want to know more about income-for-life options? See our recent report about this range of retirement products.

 
 

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Anna Marie's comment:

  • Member since: 18 Nov 08
  • 4 Comments
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User Profile

21 DAYS AGO | What is the benefit of a thermomix to somebody who doesn't make cakes, pastries etc? I have been tossing up whether to get one but I rarely bake bread (and have a bread maker sitting in the cupboard to prove that), cakes etc. I cook things like bolognaise sauce, mashed potatoes, rice, the occasional meat loaf, steak, pork cutlets etc. Am I going to get any benefit from a machine like the Thermomix?

     

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    KNO's comment:

    • Member since: 30 Aug 14
    • 1 Comments
    • 0 Replies
    User Profile

    2 MONTHS AGO | Has anyone actually compared the Bellini & other similar appliances by using them over a period of time? What are the warranties on HMP

       

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      Noel's comment:

      • Member since: 22 Oct 12
      • 1 Comments
      • 0 Replies
      User Profile

      3 MONTHS AGO | I have had my Thermomix for about ten months now. I use it every day. Make my own bread, different types, dinners, ice cream, smoothies I love it and am saving to buy two for my children's families. Gave away a box of redundant appliances. Very happy.

         

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        Delores's comment:

        • Member since: 05 Jan 14
        • 1 Comments
        • 0 Replies
        User Profile

        4 MONTHS AGO | I bought a Thermomix because I was planning a Bollywood theme 60th birthday party and catering is expensive. I also bought the Indian cookbook. It took a while to get the hang of the Thermomix's capabilities and to decide which dishes could be easily produced in large amounts but the end result was wonderful. I used the Thermomix mostly as a cook's assistant - grinding spices, chopping onions, garlic and ginger, weighing ingredients, mixing, etc. I also used it to make the dough for nan bread. I have never organized that type of party before, let alone done the catering so I think my Thermomix probably paid for itself. Since then, I have used it constantly, especially for soups and food that requires a lot of stirring such as polenta.

           

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          ozrockit's comment:

          • 1 Comments
          • 0 Replies
          User Profile

          4 MONTHS AGO | Hi, your price is not accurate, $1939 is the price.
          I do not regret spending it.

             

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            Melz05's comment:

            • 1 Comments
            • 0 Replies
            User Profile

            4 MONTHS AGO | Hey I have been thinking about getting a thermomix for quite a while. However the price is out of my uni student budget. I have been looking at purchasing one from Spain to save money. However how did you get your Thermomix from France to work in Australia. Did you buy a converter or have the cord changed?

               

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              Astrid's comment:

              • Member since: 15 Jan 12
              • 3 Comments
              • 0 Replies
              User Profile

              5 MONTHS AGO | I bought a Bellini a couple of years ago. As the instructions aren't that great for a while I left in in the cupboard not doing much. Now thermomix released an update for their book I got the jist of it and use it a lot.

              I really like the indian book on their website and thinking of getting additional books. I find that when I adjust using the adjustment for the old thermomix, the recipes generally work well.
              http://www.thermomix.com.au/libraries/documents/tm21-conversion.pdf

              The downside is that putting the butterfly instead of the reverse function can be a bit tricky. Once I did this when cooking gluten free pasta and it still cut it up (should have changed the blade to non cutting instead). The machine sometimes beeps to say the temperate has been exceeded and stirring at low speed is sometimes not very uniform.

              Overall I am satisfied to be able to cook good food. It was nice to not have to stress about spending lots of money on a machine while being unsure if it would be useful. If the thermomix was $1000 I would jump out and buy one. At its current price I'm not in a hurry (its overpriced). And if I did upgrade, having another machine on the side to cook rice etc would not go astray.





                 

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                Anna Marie's comment:

                • Member since: 18 Nov 08
                • 4 Comments
                • 0 Replies
                User Profile

                21 DAYS AGO | What is the benefit of a thermomix to somebody who doesn't make cakes, pastries etc? I have been tossing up whether to get one but I rarely bake bread (and have a bread maker sitting in the cupboard to prove that), cakes etc. I cook things like bolognaise sauce, mashed potatoes, rice, the occasional meat loaf, steak, pork cutlets etc. Am I going to get any benefit from a machine like the Thermomix?

                   

                  Like to reply to this comment?

                   
                   
                   
                   

                   
                   

                  KNO's comment:

                  • Member since: 30 Aug 14
                  • 1 Comments
                  • 0 Replies
                  User Profile

                  2 MONTHS AGO | Has anyone actually compared the Bellini & other similar appliances by using them over a period of time? What are the warranties on HMP

                     

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                    Noel's comment:

                    • Member since: 22 Oct 12
                    • 1 Comments
                    • 0 Replies
                    User Profile

                    3 MONTHS AGO | I have had my Thermomix for about ten months now. I use it every day. Make my own bread, different types, dinners, ice cream, smoothies I love it and am saving to buy two for my children's families. Gave away a box of redundant appliances. Very happy.

                       

                      Like to reply to this comment?

                       
                       
                       
                       

                       
                       

                      Delores's comment:

                      • Member since: 05 Jan 14
                      • 1 Comments
                      • 0 Replies
                      User Profile

                      4 MONTHS AGO | I bought a Thermomix because I was planning a Bollywood theme 60th birthday party and catering is expensive. I also bought the Indian cookbook. It took a while to get the hang of the Thermomix's capabilities and to decide which dishes could be easily produced in large amounts but the end result was wonderful. I used the Thermomix mostly as a cook's assistant - grinding spices, chopping onions, garlic and ginger, weighing ingredients, mixing, etc. I also used it to make the dough for nan bread. I have never organized that type of party before, let alone done the catering so I think my Thermomix probably paid for itself. Since then, I have used it constantly, especially for soups and food that requires a lot of stirring such as polenta.

                         

                        Like to reply to this comment?

                         
                         
                         
                         

                         
                         

                        ozrockit's comment:

                        • 1 Comments
                        • 0 Replies
                        User Profile

                        4 MONTHS AGO | Hi, your price is not accurate, $1939 is the price.
                        I do not regret spending it.

                           

                          Like to reply to this comment?

                           
                           
                           
                           

                           
                           

                          Melz05's comment:

                          • 1 Comments
                          • 0 Replies
                          User Profile

                          4 MONTHS AGO | Hey I have been thinking about getting a thermomix for quite a while. However the price is out of my uni student budget. I have been looking at purchasing one from Spain to save money. However how did you get your Thermomix from France to work in Australia. Did you buy a converter or have the cord changed?

                             

                            Like to reply to this comment?

                             
                             
                             
                             

                             
                             

                            Astrid's comment:

                            • Member since: 15 Jan 12
                            • 3 Comments
                            • 0 Replies
                            User Profile

                            5 MONTHS AGO | I bought a Bellini a couple of years ago. As the instructions aren't that great for a while I left in in the cupboard not doing much. Now thermomix released an update for their book I got the jist of it and use it a lot.

                            I really like the indian book on their website and thinking of getting additional books. I find that when I adjust using the adjustment for the old thermomix, the recipes generally work well.
                            http://www.thermomix.com.au/libraries/documents/tm21-conversion.pdf

                            The downside is that putting the butterfly instead of the reverse function can be a bit tricky. Once I did this when cooking gluten free pasta and it still cut it up (should have changed the blade to non cutting instead). The machine sometimes beeps to say the temperate has been exceeded and stirring at low speed is sometimes not very uniform.

                            Overall I am satisfied to be able to cook good food. It was nice to not have to stress about spending lots of money on a machine while being unsure if it would be useful. If the thermomix was $1000 I would jump out and buy one. At its current price I'm not in a hurry (its overpriced). And if I did upgrade, having another machine on the side to cook rice etc would not go astray.





                               

                              Like to reply to this comment?

                               
                               
                               
                               

                               
                               

                              Anna Marie's comment:

                              • Member since: 18 Nov 08
                              • 4 Comments
                              • 0 Replies
                              User Profile

                              21 DAYS AGO | What is the benefit of a thermomix to somebody who doesn't make cakes, pastries etc? I have been tossing up whether to get one but I rarely bake bread (and have a bread maker sitting in the cupboard to prove that), cakes etc. I cook things like bolognaise sauce, mashed potatoes, rice, the occasional meat loaf, steak, pork cutlets etc. Am I going to get any benefit from a machine like the Thermomix?

                                 

                                Like to reply to this comment?

                                 
                                 
                                 
                                 

                                 
                                 

                                KNO's comment:

                                • Member since: 30 Aug 14
                                • 1 Comments
                                • 0 Replies
                                User Profile

                                2 MONTHS AGO | Has anyone actually compared the Bellini & other similar appliances by using them over a period of time? What are the warranties on HMP

                                   

                                  Like to reply to this comment?

                                   
                                   
                                   
                                   

                                   
                                   

                                  Noel's comment:

                                  • Member since: 22 Oct 12
                                  • 1 Comments
                                  • 0 Replies
                                  User Profile

                                  3 MONTHS AGO | I have had my Thermomix for about ten months now. I use it every day. Make my own bread, different types, dinners, ice cream, smoothies I love it and am saving to buy two for my children's families. Gave away a box of redundant appliances. Very happy.

                                     

                                    Like to reply to this comment?

                                     
                                     
                                     
                                     

                                     
                                     

                                    Delores's comment:

                                    • Member since: 05 Jan 14
                                    • 1 Comments
                                    • 0 Replies
                                    User Profile

                                    4 MONTHS AGO | I bought a Thermomix because I was planning a Bollywood theme 60th birthday party and catering is expensive. I also bought the Indian cookbook. It took a while to get the hang of the Thermomix's capabilities and to decide which dishes could be easily produced in large amounts but the end result was wonderful. I used the Thermomix mostly as a cook's assistant - grinding spices, chopping onions, garlic and ginger, weighing ingredients, mixing, etc. I also used it to make the dough for nan bread. I have never organized that type of party before, let alone done the catering so I think my Thermomix probably paid for itself. Since then, I have used it constantly, especially for soups and food that requires a lot of stirring such as polenta.

                                       

                                      Like to reply to this comment?

                                       
                                       
                                       
                                       

                                       
                                       

                                      ozrockit's comment:

                                      • 1 Comments
                                      • 0 Replies
                                      User Profile

                                      4 MONTHS AGO | Hi, your price is not accurate, $1939 is the price.
                                      I do not regret spending it.

                                         

                                        Like to reply to this comment?

                                         
                                         
                                         
                                         

                                         
                                         

                                        Melz05's comment:

                                        • 1 Comments
                                        • 0 Replies
                                        User Profile

                                        4 MONTHS AGO | Hey I have been thinking about getting a thermomix for quite a while. However the price is out of my uni student budget. I have been looking at purchasing one from Spain to save money. However how did you get your Thermomix from France to work in Australia. Did you buy a converter or have the cord changed?

                                           

                                          Like to reply to this comment?

                                           
                                           
                                           
                                           

                                           
                                           

                                          Astrid's comment:

                                          • Member since: 15 Jan 12
                                          • 3 Comments
                                          • 0 Replies
                                          User Profile

                                          5 MONTHS AGO | I bought a Bellini a couple of years ago. As the instructions aren't that great for a while I left in in the cupboard not doing much. Now thermomix released an update for their book I got the jist of it and use it a lot.

                                          I really like the indian book on their website and thinking of getting additional books. I find that when I adjust using the adjustment for the old thermomix, the recipes generally work well.
                                          http://www.thermomix.com.au/libraries/documents/tm21-conversion.pdf

                                          The downside is that putting the butterfly instead of the reverse function can be a bit tricky. Once I did this when cooking gluten free pasta and it still cut it up (should have changed the blade to non cutting instead). The machine sometimes beeps to say the temperate has been exceeded and stirring at low speed is sometimes not very uniform.

                                          Overall I am satisfied to be able to cook good food. It was nice to not have to stress about spending lots of money on a machine while being unsure if it would be useful. If the thermomix was $1000 I would jump out and buy one. At its current price I'm not in a hurry (its overpriced). And if I did upgrade, having another machine on the side to cook rice etc would not go astray.





                                             

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