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Australian society places a greater emphasis on individual independence, leading many elders to plan their retirement and aged care arrangements in advance to maintain their autonomy and reduce the care burden on their children. Chang Wei-fu, Chairman of the Australian Chamber of Commerce in Taiwan and Vice Chairman of the Taiwan M&A and Private Equity Association, points out that unlike the Chinese preference for owning real estate as an investment tool, Australians have a weaker concept of this and do not believe they must leave property to their children. Selling their large family home to move into a retirement village becomes a reasonable choice. He explains the benefits: firstly, as more housing stock is released, young people will have more living options. Secondly, the price of Australian retirement villages is about 60% of that of regular housing, and the remaining 40% can be flexibly used for things like healthcare or left to children. Move in with NT$11 million and get your principal back when you leave? Customs and culture form the foundation, giving rise to systems with distinctly Australian characteristics. Amol Maheshwari, manager of Rosemount Community, part of Wesley Mission Queensland, states that the common model is for residents to pay an upfront entrance fee to secure residency, then pay regular service fees covering utilities, cleaning, maintenance, and insurance. Upon departure, a management fee is deducted based on the length of stay, and the remainder is returned.

A deep blue gradient geometric carpet, wooden tables and chairs, rows of pendant lights, and large floor-to-ceiling windows. Pushing open the doors of Bella Vista Haven, a retirement community in New South Wales, Australia, gives the illusion of stepping into a hotel lobby. A gym, swimming pool, bar, and even a small cinema are all available, further blurring the lines. It's not until two large tables of seniors chatting with hot tea and coffee in hand that one is pulled back to reality. "It's quite happy living here," one resident says with a smile. Australians love retirement villages so much that they are the second largest in the world, trailing only the United States in number and market size. An analysis by Oxford Economics in 2024 indicates that as many as 5.3% of Australians aged 65 and over live in retirement villages. In fact, the populations of South Korea and Australia differ by only 20%, yet Australia has over 100 times more retirement villages than South Korea, reaching 2,300. While South Korea lacks a clear definition for retirement villages and is regulated by a mix of laws, each Australian state has a distinct 'Retirement Villages Act.' Australians Value Independence, Koreans Prefer Homeownership Why is the gap between Australia and South Korea so large? The primary reason lies in customs and culture. Mo Shi-wei, Executive Vice President at KPMG, who has researched retirement village systems in various countries, mentioned that in Chinese societies, influenced by traditional filial piety, children often have concerns about arranging for elders to move into nursing homes or retirement villages. Even if the elders themselves are willing, they might consider external perceptions and lean towards being cared for by family or aging at home.

10/14/2026 First Draw

I was surprised when the hidden quest popped up. My previous quest is still ongoing, so I'll need to manage my time well.

It's past 5 AM... going to sleep... Good night!

Going to sleep, good night everyone!

Walking 5000 steps every day. Today I also did 3 sets of 15 reps with resistance bands. Combination punches 2-10, 10-2, two sets. Sweating it out makes me feel better and sleep better too💤

Logging in every day. It's faster to earn gems by commenting on the message board and chatting!

The survey is so long and tedious. By the end, I don't even know what I'm choosing. Just clicking randomly with my eyes closed >.<|||