Comparisons & Alternatives
Retirement Village vs. Aged Care: What's the Difference? (2024 Guide)
Updated March 15, 2024
|
16 min read
Key Differences Overview
Understanding the differences between retirement villages and aged care facilities is crucial for making the right choice for your future. While both options cater to seniors, they serve different purposes and offer distinct lifestyle experiences.
At a Glance Comparison
Retirement Villages
- Independent living focus
- Lifestyle-oriented
- Purchase/license to occupy
- Optional care services
Aged Care
- 24/7 care focus
- Medical support
- Rental/care fee model
- Comprehensive care
Cost Comparison
| Cost Factor | Retirement Village | Aged Care |
|---|---|---|
| Initial Cost | $400,000 - $1,200,000 | $0 - $150,000 (bond) |
| Weekly Fees | $120 - $250 | $300 - $1,500 |
| Additional Services | Pay as you go | Included in fees |
| Government Support | Limited | Means-tested subsidy |
Lifestyle Differences
Retirement Village Living
- Independence
Own unit, private living space
- Social Activities
Active community life
- Amenities
Pools, gyms, gardens
Aged Care Living
- Care Focus
24/7 professional support
- Medical Support
Regular health monitoring
- Structured Environment
Organized daily routines
Need Help Making Your Decision?
Our experts can help you understand which option best suits your needs and circumstances.
Dr. Sarah Thompson
Healthcare professional with over 15 years of experience in both retirement village and aged care sectors. Specializes in helping seniors and their families make informed decisions about their care options.