Retirement village contracts are complex, blending together financial options on real estate, life annuities and life insurance. We analyse the structure of the cash flows involved in a retirement village contract and distil the cost components into an equivalent monthly comparison rent. In general, we observe lower monthly rents when the maintenance fees and deferred management fees are lower, when higher rates of capital gain are evident, and, importantly, when retirees reside in the retirement village for a longer period. Our analysis provides a framework to meaningfully compare the relative merits of the finances incorporated into retirement village contracts.

中文翻译：

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比较澳大利亚退休村庄的财务指标

退休村合同很复杂，将房地产，人寿年金和人寿保险的财务选择结合在一起。我们分析了退休村合同中涉及的现金流量的结构，并将成本成分分配为等值的每月比较租金。通常，当维护费和递延管理费较低时，当资本收益率较高时，并且重要的是，退休人员在退休村中居住的时间较长时，我们观察到较低的月租金。我们的分析提供了一个框架，可以有意义地比较纳入退休村合同的财务的相对优势。