Retirement Living Fees & Charges Explained
Moving into a retirement village is a big decision and it’s important to us that you and your family members have certainty and peace of mind from the very beginning.
Our units are secured under a ‘License to Occupy’ tenure, which gives you the right to live in your unit as long as you are able to live independently, or are able to remain safely in your villa with in-home support services.
General Services Fee
A service fee is payable each fortnight which covers the day to day operating costs of the village and maintenance of capital items. The amount is calculated based on the village’s annual budget and is determined in consultation with residents each year.
The fortnightly service fees are very comprehensive and cover the following:
- Gardens and lawns
- Buildings, roads, driveways, fixtures, fittings, plant and equipment
- Recreational and common areas
- Emergency call monitoring
- Council and water rates, taxes, charges and any government charges payable
- Pest control
- Electricity for grounds and common areas
- Insurances (except for your personal contents)
- Management and administration of the village
Your exit entitlement is the amount you paid on entry to the village, less the exit fee. The amount of your exit fee will depend on the amount you paid on entry and how long you’ve lived in the village.
Your unit contract will detail the calculation of exit fees for your specific unit, in line with the Retirement Villages Act 1999.
Exit entitlement calculator
Use our exit entitlement calculator to determine what your exit entitlement will be under our independent living residence contract.
Based on the information you entered:
Here’s what your exit entitlement will be over any length of time in the village, based on your entry price of $0
After your unit is on the market for a certain period of time, we’ll reduce your village fees, and if we haven’t sold your unit within nine months, we’ll buy it back from you.
And, if you enter a Carinity residential aged care facility, we will pay your exit entitlement immediately for the peace of mind of you and your family.