Photo of a seated man in a green jumper looking pensive

Retirement village contracts should carry 'financial health warning'

Retirement village residents and their families have backed calls for tougher regulation of the sector.

Published: 19 October 2024
  • national
  • 19 October 2024
  • ABC Business/MSN

The daughter of one resident says contracts should carry a cigarette-style financial health warning and another saying the industry is a "black hole".

Speaking in Canberra on Wednesday, Leanne Gundry said she will have to move back to Perth and give up her consulting business in favour of a steady income job in order to help her mother pay for aged care after leaving a retirement village.