Important Points & Village Comparison Document
Licence to Occupy
A right or licence to occupy is granted to approved applicants in return for the payment of an Ingoing Contribution.
Ingoing contributions currently range from $220,000 for a one bedroom unit (no car parking) to $320,000 for a three bedroom unit with a garage.
When you leave your unit, the amount you are refunded is basically the amount you paid as an Ingoing Contribution less an Exit Fee and a Termination Administration Cost of $2,000. The exit fee is 6% of the Ingoing Contribution per year to a maximum of 36% after 6 years calculated on a pro-rata daily basis.
The basic ongoing fees payable for residents of the Village are currently:
General Fees $72.80/week
Maintenance Reserve Fund Fees $16.59/week
Gas Fees for one bedroom units only $8.47/week
These fees cover repairs & maintenance of the communal areas and exterior of the units. They also cover building insurance, mowing, security service, emergency call system, management fees, rates and water charges. Some of these fees continue after you leave the unit until it is resold.
Residents are responsible for maintaining, repairing and replacing all fixtures, fittings, furnishings, equipment and appliances within the Unit. They are also responsible for insuring their own belongings and for paying any telephone, electricity and gas charges which pertain to their unit. (Note: The gas charge for one bedroom units is $8.47/week as noted above.
Village Comparison Document
From 1 February 2019, all Retirement Villages in Queensland are required to give prospective Residents their Village Comparison Document. Please click on the linke below to see our Village Comparison Document.
Download Village Comparison Document
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