For those planning their retirement, the question of how to finance this next stage of life can be daunting for some.
While the government offers the Age Pension, $826.20 for singles and $1245.60 for couples paid fortnightly, this is not always necessarily enough to live on.
There are a number of options to get extra cash in your pocket, such as a reverse mortgage, but is this the best solution?
It is an often-stated view that Baby Boomers are typically cash poor and asset rich, making right-sizing an attractive way to free up the equity in your home.
Right-sizing is the process of finding a home that better suits your wants and needs. This process offers the opportunity to free up your time and to focus on the things that are most important to you.
Over 50s resort-style communities are among some of the most popular retirement living accommodation options in Australia. There are an overwhelming number to choose from with close to 200 communities in Australia.
Lifestyle resorts across Australia offer different styles of living from multi-story apartments to duplexes and full-sized homes at prices for every budget.
Living Gems lifestyle resorts offer a popular formula to home ownership; they are beneficial financially and offer homeowners peace of mind.
“We make dreams possible because we make them affordable.”
Living Gems is a Queensland based, family owned and operated lifestyle resort company, with eight resort locations across south-east Queensland.
Living Gems general manager, Vlad Pullich says free standing homes in the Toowoomba and Logan Village resorts start as low as $350,000 and offer an impressive set of standard inclusions.
“Our aim is to provide a resort lifestyle for active over 50s, seniors and retirees which is why we offer such an extensive range of premium facilities in our new resorts.”
“The recent opening of the multi-million-dollar country club in our Toowoomba resort is an exciting milestone. It is the newest addition to the resort”
“The country club is fitted with a lounge, bar, ballroom and a cinema.”
“Other facilities include a heated swimming pool, spa, sauna, BBQ pavilion, gym, bowling green, tennis court, games room, hair salon, library, music room, workshop plus an art and craft studio.”
“With everything you need in one place you don’t have any hefty membership fees or travel fees that other gyms and sporting clubs would normally charge,” says Mr Pullich.
A cruise from the UK to Russia provided veteran travelers John and Janet Croft a cost effective way of visiting Iceland and Norway while delving deep into some little-known history of the Second World War.
The Nordic countries are expensive to visit as land-based tourists, but the spectacular landscapes are essential to see for serious travellers.
“The ship offered us the chance to learn a lot of history and see lots of fascinating geography – particularly in Iceland – at a reasonable cost,” explains Janet.
It took five days to circumnavigate Iceland, during which time the Crofts saw spectacular and varied geographies dotted with towns, hot springs, glaciers, geysers, and an assortment of birdlife including puffins and eider ducks.
The second leg of the cruise took the travellers north along the coast of Norway, and then east into Russia.
On the summer solstice, the cruise sailed the Barents Sea past North Cape under a midnight sunrise.
Next, Russian port of Murmansk, into the White Sea – a southern inlet of the Barents Sea that is home to the Solovetsky monastery – and finally the port city of Archangel.
“This area around the North Cape to the White Sea was where British and other allied shipping convoys took supplies to the Russians during World War II, to aid in their fight against the Germans,” explains John.
The German effort to take the port city of Murmansk left the far northwest of the country cut off, and it was up to the Allies kept the resistance supplied with food and weapons. The Germans were never able to take the port city, which continued to operate throughout the war.
Half of the ships that sailed to help the Russians were lost at sea. It is not an aspect of the Second World War that Australians are familiar with, but nevertheless, it was a turning point in the battle against Germany.
It was only the second cruise ship to visit that part of Russia, and the local people warmly welcomed the visitors. “Many of the British passengers had connections with sailors who were in these convoys, so the trip was quite a serious pilgrimage for them.”
The Solovetsky Monastery is a beautiful, but somber place. The island’s magnificent and ornate buildings were the site of a Soviet gulag where more than one million prisoners died during Stalin’s rule.
It was here that Alexandre Solzhenitsyn, author of his Nobel Prize-winning book, The Gulag Archipelago, was imprisoned; his experiences inspired him to write the book to shed light on Soviet atrocities.
From Russia, the cruise returned to the destination from which it departed weeks earlier, Portsmouth, via the Faroe Islands and Shetland Islands.
The Crofts have visited 100 countries together since they met in 1971. The couple met in London and then completed the so-called “hippy trail” across Europe, the Middle East and through Burma together on their way back home to Australia.
Six years later the Crofts married. They put travelling on hold as they raised four children and pursued careers in agriculture and teaching.
The couple spent 18 years in Guyra, NSW, before moving to Grafton where they lived for 11 years – until retiring to Living Gems Toowoomba, in part to be closer to their children.
About 15 years ago, the Crofts sold the farm and resumed their travels.
“We used to be backpackers, and then we became ‘flashpackers’,” explains Janet. “We now take a taxi every so often!”
For them, travel is more than just seeing new countries; it is an opportunity to learn about new cultures, about history and about people.
They were able to use their skills to secure work in various countries, and have enjoyed multiple stays in places such as Africa and Cambodia, where Janet taught English at a luxury resort while John talked to Bhuddist monks about Australia.
She also taught at the School of St. Jude which is home to 2,000 students who are the poorest of the poor.
“When you are not travelling five stars, it is much cheaper to live in Asian countries for a few months than to live in Australia,” Janet says.
A common question Crofts face with when they return from travelling is ‘was it safe?’ They are keen to dispel the fears that can prevent people from venturing from Australia and seeing the world.
“We have always found local people welcoming, especially away from the tourist hostpots,” says John.
“We have learned such a huge amount about the countries we have visited – their history, the people and their religions.”
In Jordan they discovered that the Great Mosque of Damascus began life as a Roman Temple to Diana, before becoming a Christian church and Islamic Mosque. During the following 200 years, the venue was a shared place of worship and it is today home to both Islamic and Christian relics.
It reminds us of how people of different religions can live peacefully alongside one another.
For their next break, the Crofts will visit the Pacific Islands on a short cruise from Fiji to Tahiti via Tonga and the Cook Islands in late September-October.
Bronwyn Newman was the first resident to move into Living Gems Toowoomba when she arrived on 8 September, and has watched with interest as the resort has grown around her.
Now home to around 31 people, Living Gems Toowoomba has already developed the community spirit Bronwyn was looking for when she chose to make it her home.
Bronwyn, 69, lived in Lismore for 42 years, where she and her late husband Allan ran a limousin cattle property. When Allan died, Bronwyn decided to move to Toowoomba, a city she and Allan had admired for years, and where their son had moved (she also has a daughter and grandchildren in Sydney).
She moved into a house on a half acre block at Meringandan West in 2014, but says she became terribly lonely, so began looking at moving into a resort.
Bronwyn liked the style of the Living Gems villas, that they were well finished and that the resort at Toowoomba was new.
“I’m very happy with my house and very happy in here – it worked out fine, and when the clubhouse is built at the end of the year, it will be even better,” says Bronwyn.
Even though the facilities are yet to be built, the small community at Glenvale is coming together. Bronwyn and some friends play tenpin bowling just across the road from the resort once per week, and she also enjoys a weekly yoga class.
“It has been great here for new friendship,” says Bronwyn, who was about to head out for lunch at a local Chinese restaurant with some fellow residents.
“Everyone has been very good here; the people are very friendly and very helpful, as are all the staff.”
Cobb+Co Museum is part of the Queensland Museum and home to the National Carriage Collection.
On Wednesday May 3, our Toowoomba residents were invited to enjoy a light lunch and private viewing of the national carriage collection at Cobb+Co Museum. The museum features some of Australia’s finest horse-drawn vehicles including farm wagons, delivery carts and the iconic Landau carriage.
This interesting collection features approximately 50 of Australia’s finest of horse-drawn vehicles. Toowoomba residence had a private viewing light lunch and refreshments on Wednesday May 3rd.
The foundations of the Living Gems Toowoomba community is on firm ground as friendships begin to form in the new resort. Sales manager Karen Duffy and her assistant Lorraine Walton hosted an impromptu get together last Friday.
The first of the monthly meet and greet events was celebrated with fish and chips for tea.