Andrew Dickens: It's time for the Government to back our seniors

Early Edition with Ryan Bridge · Nov 4, 2025 · 2m · transcript

Pensioners marched on Parliament yesterday, demanding that politicians remember them.

And one of the biggest things on their mind is the rules around retirement villages.

Here’s an example:

A couple had been in their retirement village for 10 years. Needing more care, they decide to move out and find a more appropriate place to live.

They’d bought their villa for $600,000, but under the current situation they’ll get just $400,000 of that money back. So, no capital gain at all.

The village is then free to on sell the villa say for $1.2 million, and they don’t have to pay the couples $400,000…