Feb 08, 2024

Enjoy the best of both worlds: Retiring to a serviced apartment

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Serviced apartments is a private accommodation option that requires no ACAT, provides living services and tailored care and support while maintaining independence. [Source: Shutterstock]

Downsizing from the family home is a significant decision – from lifestyle and location to finance and flexibility, there are many factors to consider in finding the perfect place to live in retirement.

It can be daunting, but also promises to open a door to newfound freedom and simplicity with less time spent on chores and maintenance and more doing the things you love.

If you’re looking for a way to maintain your independence while also relaxing and being looked after by a friendly team, you’ll find the best of both worlds in a serviced apartment.

Choosing a serviced apartment means you can enjoy all the benefits of living independently in the community and still have help close at hand if you need it.

Residents can access a range of housekeeping services while retaining a private bathroom, kitchenette and living area.

In weighing up whether a serviced apartment is the right move for you, it may be helpful to consider the following:

An apartment that suits you

Serviced apartments for retirees are generally offered in layouts including studio, one or two-bedroom designs, depending on location and provider.

How often do you have family or friends come to visit? Do you require an extra room for your hobbies such as craft or sewing?

Have the work done for you

Serviced apartments allow you to reduce the daily hassle, with somebody else taking care of meals, cleaning and laundry (towels and linen) for you.

Residents can also choose to arrange additional in-home support services, through their Government-subsidised home care package (if eligible).

Lifestyle without the worry

Apartment complexes located within a retirement village often mean you have access to the lifestyle, community and connection perks, with the added benefit of remaining protected under the Retirement Village Act.

Additionally, most serviced apartments for retirees provide access to a 24-hour emergency call service with representatives on hand to provide assistance at the press of a button in an emergency situation.

Some providers, including Levande, also have care personnel available on-site 24 hours a day.

Friendship, facilities, fitness and activities

A thriving village social life will create opportunities to connect with like-minded retirees, make new friends and remain socially active. But, of course, there’s no pressure, so the decision to join in or simply sit back and relax is completely up to you.

If you like to keep busy and stay active, you’ll be inspired by regular activities, outings and social opportunities.

From structured fitness classes and wellness activities to bus trips and social gatherings, there is always something happening and someone to talk to when you join a retirement community.

Affordability and finances

A range of serviced apartments are available on the market to suit different budgets and lifestyles.

Maintenance and upkeep are generally covered by a maintenance fee, which removes the worry of needing to arrange eligible servicing or repairs.

Residents who meet certain criteria can explore subsidies through the Commonwealth Government’s Home Care Packages or Rent Assistance (if eligible).

Location

Make sure to visit a few different communities – you’ll have the chance to see what life is like in a serviced apartment, talk to other residents about their experiences and tour facilities.

This will also give you a feel for the local amenities, such as shopping centres, health services and public transport, and how far your potential new home will be from family and friends.

To help downsizers discover the right fit, many retirement communities offer tours and free trial stays.

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