Retiring

What’s the difference between Prime Cost or Diminishing V... Two methods can be applied when depreciating property, the Diminishing Value (DV) and Prime Cost (PC) method.
Read more

Is living in a retirement village or retirement home better than private property?

This depends entirely on your outlook and strength of desire for independence. Most retirees choosing to move into a retirement village or retirement home think it’s better because:
  • They no longer want the responsibility of maintaining real estate
  • The community of a retirement village usually offers social interaction and activities, reducing the sense of isolation experienced by some
  • Villages are frequently well positioned in terms of public transport, making it easier to continue to enjoy a normal lifestyle when driving is no longer an option
Back to questions
AMO