Important points

Licence to Occupy

A right or licence to occupy is granted to approved applicants in return for the payment of an Ingoing Contribution.

Ingoing Contribution

Ingoing contributions currently range from $235,000 for a one-bedroom unit (no car parking) to $355,000 for a three-bedroom unit with a garage.

Exit Fee

When you leave your unit, the amount you are refunded is basically the amount you paid as an Ingoing Contribution less a Termination Fee of $2,000 and the applicable Exit Fee. The Exit Fee is calculated based on either the Standard Licence Option or the Customised Licence Option as detailed below.

Your Exit Entitlement is payable to you within 14 days of the unit being resold, but no later than 9 months and 14 days after you leave the unit and your agreement is terminated. However, if you are moving from the Village to our Nursing Home (or Residential Aged Care Facility) and you would like us to do so, we are are happy to treat your Exit Entitlement as part payment of your Refundable Accommodation Deposit received by the Nursing Home on the Termination date.

Standard Licence Option

Under the Standard Option the Ingoing Contribution is the Standard Ingoing Contribution shown over the page. The Standard Exit Fee is 6% per year for the first 6 years. The maximum Standard Exit Fee is 36%.

Customised Licence Option

This option enables you and Brodribb Retirement Village to enter into a Residence Contract on terms which are customised to suit your particular circumstances. Terms which we may consider varying include the Ingoing Contribution Amount, the way the Ingoing Contribution is paid and the Exit Fee amount.

Some prospective clients may have a preference to pay a higher Ingoing Contribution with lower Exit Fee percentages to maximise their pension. Others may wish to pay a lower Ingoing Contribution with higher Exit Fee percentages. We are happy to discuss these option with you and provide some examples of alternatives available.

Fees Payable

The basic ongoing fees payable for residents of the Village are currently:

●     General Fees $85.47/week

●     Maintenance Reserve Fund Fees $21.35/week

●     Gas Fees for one bedroom units only $8.40/week

Find out more about Brodribb Retirement Village costs →

Residents’ Responsibilities

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 $8.40/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 link below to see our Village Comparison Document.

Download Village Comparison Document

See note on Retirement Village page re: repetition. Have removed big chunk of this and instead suggest this link back to the other page where full info given.