Villa versus units/apartments

[Spotted dog]

A quick question: my initial understanding was that if a villa is advertised for the 55 and overs, you need to be that age to qualify to buy it. I feel that in my naivety this is quite untrue. Am I correct in saying anyone can buy these but only people aged 55 and over can live in it? Ie. rent it?

Does this restrict you to the rental market too much or is now a good time to buy into these?

Cheers

 

[The Y-man]

. Am I correct in saying anyone can buy these but only people aged 55 and over can live in it? Ie. rent it?

Does this restrict you to the rental market too much

Yes, and probably yes.

Cheers,

The Y-man

 

[s_t]

I was told by a realestate agent that although they are marketed as that, they can't actually stop anyone under that age living there. Not that that means it is true - and it still won't appeal to that many people!

 

[BayView]

would you want to live in a complex surrounded by the rugged and the buggered?