News

Boom or bust? '5.5 million moving into retirement'

National Seniors said that the inequalities with the retirement sector are "a big problem and it's a growing problem".
National Seniors said that the inequalities with the retirement sector are "a big problem and it's a growing problem". shironosov

NOT worried about life after work? Well, perhaps this will change your mind: Australia has "5.5 million baby boomers moving into retirement".

That's a lot of people transferring over to a sector that has come under increasing scrutiny for "dodgy operators" and fostering an environment of "fear and a sense of persecution".

However, change is afoot with the Queensland Government recently announcing they would soon introduce a new bill that would force retirement villages to change their practices.

But while the move has been applauded, there are fears one state's progress could prove to be a drop in the ocean.

"It's a big problem and it's a growing problem because we have 5.5 million baby boomers moving into retirement," National Seniors chief advocate Ian Henschke said.

"Given that many of these retirement village companies operate nationally, we think it's only fair that people should have national laws.

"You only have to look at the vast number of people who retire to live in northern New South Wales and south-east Queensland.

"They may only live a few kilometers apart yet the laws and regulations can vary hugely.

"But why should there be different rules when the only difference is geography?"

Mr Henschke said the recent allegations levelled at industry leader Aveo highlighted the problems facing Australians moving into retirement and why the Palaszczuk Government needed to take its new initiatives all the way to Canberra.

"Australians like to have national laws, especially when they cover and protect them in consumer legislation," Mr Henschke said.

"(And) confusing and complex contracts that vary from state to state and ongoing fees and charges, as highlighted recently in the Fairfax Media/4 Corners television program, put great strains on people.

"We want to ensure that older Australians living in other states and territories have the same protections and security being introduced in Queensland."

Topics:  general-seniors-news ian henschke national seniors queensland government re-retirement retirement-living



Aussie titles on home turf

HOME BOY: Matt Hurworth of   Cabarita Boardriders will compete in this weekend's Australian Surf Festival on his home break.

Top surfing showdown at Cabarita

Fan's dream becomes reality with secret Potty gig

RIGHT TO THE FRONT DOOR: Singer/songwriter Mark Wilkinson will play a gig at a Pottsville fan's home in August.

Singer-songwriter Mark Wilkinson to play secret Pottsville gig

NCEIA Dolphin Awards looking for the best of 2017

NEVER TOO LATE: Ivan Perger, 66, received his first NCEIA Dolphin Award in the folk category in 2014.

Entries to the North Coast music awards are now open

Local Partners

The Block's family home rescue mission

RENO show's new concept – relocating and restoring crumbling heritage homes – proves its biggest challenge to date.

Angelina Jolie 4.0: Is anyone buying this?

Angelina Jolie, master media manipulator, is back.

Love The Bachelor and a feminist? Sorry, you can't be both

These 22 women trying to win Matty's heart... but at what cost? (Pic: Channel 10)

Tans will be sprayed. Roses will be distributed. Tears will be shed.

New indie folk fest launching social awareness

The Heart Collectors, Reuben Loire, Kymrie Henge, Mobius Barnaby and Tristan DaFoe

New folk music and wellness festival for Tyalgum

George RR Martin: Sixth book won't be out this year

Emilia Clarke returns as Daenerys Targaryen in the seventh season of Game of Thrones, which premieres only on Foxtel on July 17.

“I am still working on it, I am still months away..."

Mum spotted on Google Earth 18 months after death

A woman has spotted her mother on Google Earth - she died in 2015

What's on the big screen this week

A scene from the movie War for the Planet of the Apes.

AN ACTION franchise comes to its epic conclusion.

Hearty food for cold nights

Boneless lamb shoulder roast with crushed kipflers.

RECIPES: Two tasty lamb dishes to try this winter

How one man made more than $20m in a land deal

Varsity Lakes

Sale, with GST added, shows as a $26.4 million transaction

Oasis in Oxley Cove estate

14 Midship Court, Banora Point

Check out this week's feature property.

Tenant: Let me rent, I'll fix your property and pay for it

Noosaville tenant Tony Conyers thought his tenancy was guaranteed until 2035, so he spent his own money on the property. Now he's been told he may not be able to stay for even one more year.

Renter spent $30k on maintaining, improving property over 17 years