Broke retirees take over Australia’s caravan parks – Fairchild
John Purnell, 75, and his wife Patricia, 72, moved into a factory-built house in a converted caravan park west of Sydney this year, eschewing traditional retirement communities and other homes in the area.
“Retirement villages are quite expensive,” said Patricia, a former payroll clerk at a seniors facility, as she sat in the couple’s $254,000, 160-square-metre air-conditioned home featuring built-in wardrobes, a separate laundry cupboard and a carport. Houses near the Nepean River Holiday Village had minimum price tags of about $350,000 and needed a further $50,000 of work, she said.
Read more: http://www.smh.com.au/business/property/broke-retirees-take-over-australias-caravan-parks-20141010-1147ul.html#ixzz3GMfiKgSg
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