Retirement in Residential Parks in Australia: A Smart Move or Move Smart?

Bunce, David; Reid, Janet W.

doi:10.1080/08111146.2021.1963224

Cited by 5 publications

(2 citation statements)

References 25 publications

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“…In this chapter, we draw on the voices of residents who live in for-profit and not-for-profit retirement villages in metropolitan and regional locations in Queensland, NSW, and Tasmania to understand the push-pull factors behind their move into a retirement village (Crisp et al 2013;Stimson and McCrea 2004;Bunce and Reid 2021).…”

Section: Introductionmentioning

confidence: 99%

Business models, consumer experiences and regulation of retirement villages

Travers¹,

Liu²,

Cook³

et al. 2022

AHURI Final Report

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AHURIAHURI is a national independent research network with an expert not-for-profit research management company, AHURI Limited, at its centre. AHURI's mission is to deliver high quality research that influences policy development and practice change to improve the housing and urban environments of all Australians.Using high quality, independent evidence and through active, managed engagement, AHURI works to inform the policies and practices of governments and the housing and urban development industries, and stimulate debate in the broader Australian community. AHURI undertakes evidence-based policy development on a range of priority policy topics that are of interest to our audience groups, including housing and labour markets, urban growth and renewal, planning and infrastructure development, housing supply and affordability, homelessness, economic productivity, and social cohesion and wellbeing. AHURI Limited also gratefully acknowledges the contributions, both financial and in-kind, of its university research partners who have helped make the completion of this material possible. DisclaimerThe opinions in this report reflect the views of the authors and do not necessarily reflect those of AHURI Limited, its Board, its funding organisations or Inquiry Panel members. No responsibility is accepted by AHURI Limited, its Board or funders for the accuracy or omission of any statement, opinion, advice or information in this publication. AHURI journalAHURI Final Report journal series is a refereed series presenting the results of original research to a diverse readership of policy makers, researchers and practitioners. Peer review statementAn objective assessment of reports published in the AHURI journal series by carefully selected experts in the field ensures that material published is of the highest quality. The AHURI journal series employs a double-blind peer review of the full report, where anonymity is strictly observed between authors and referees.

show abstract

Section: Introductionmentioning

confidence: 99%

Business models, consumer experiences and regulation of retirement villages

Travers¹,

Liu²,

Cook³

et al. 2022

AHURI Final Report

View full text Add to dashboard Cite

show abstract

“…State governments' policy is not to interfere with the ability of landowners to change the use of their property, and consequently, homeowners have no perpetual right of occupation of the land upon which their dwellings are placed (Towart and Ruming, 2021). If the owner of an MHP proposes to close it, site leases can be terminated by giving residents 12 months' notice to remove their homes with little compensation compared with their sited value (Bunce and Reid, 2021; Fiedler, 2008).…”

Section: Introductionmentioning

confidence: 99%

Manufactured housing parks: could their residents be buyers of the property?

Bunce

2022

Self Cite

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PurposeThe purpose of this article is to explore the possibility of people living in manufactured housing parks in Australia to collectively buy the property at fair market value and convert it into a resident owned community co-operative.Design/methodology/approachThe methodological approach is based on 20 interviews with occupants of resident owned communities (ROCs) and key informants in the USA state of New Hampshire. Residents' interviews provide an understanding of the motivations to want to own and self-manage the property.FindingsThe findings suggest that, based on USA experience and the availability of enabling financial structures, Australian residential park residents could be keen buyers of manufactured housing park properties.Research limitations/implicationsA limitation of this research was the small number of interviewees who were mainly people in ROC leadership positions and advocates. Another limitation was that no specific investigation was made to gauge manufactured housing park (MHP) residents' level of demand for ROCs in Australia. Although there was some evidence of support, further Australia-wide enquiry is needed.Practical implicationsThe sale of MHPs to resident co-operatives could become a new component of the property market in Australia and residents entering the market as buyers may cause a shift in market forces.Social implicationsROCs would offer greater diversity of housing choice and might further inform decision-makers of seniors and retirees' future intentions. Downsizers moving to ROCs could potentially increase the savings nest egg through the sale of the family home which will also free-up conventional housing for better utilisation by younger cohorts.Originality/valueOwners of residential parks are unlikely to have considered the tenants as potential buyers of the property, but, envisaging, ROCs could become a new type of tenure for Australians aged over 50 years.

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Campground or losing ground for adaptation? A case study of coastal change under neoliberal settings in New South Wales

Leitch¹

2023

Ocean & Coastal Management

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Retirement in Residential Parks in Australia: A Smart Move or Move Smart?

Cited by 5 publications

References 25 publications

Business models, consumer experiences and regulation of retirement villages

Business models, consumer experiences and regulation of retirement villages

Manufactured housing parks: could their residents be buyers of the property?

Campground or losing ground for adaptation? A case study of coastal change under neoliberal settings in New South Wales

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