Fees and charges
Living in a RetireAustralia village offers a range of unique benefits, and similarly, the financial obligations involved may be different to what you’ve experienced before.
The main costs associated with living in a RetireAustralia community are:
Before moving in, all residents pay an entry price for their new home. Just like the normal property market, the amount you’ll pay will vary based on the village and the size and style of your chosen home.
In most RetireAustralia villages, you will not be required to pay stamp duty.
All residents pay monthly village fees to cover the cost of ongoing operation, maintenance and management of the village. The amount is calculated based on the village’s annual budget and is determined in consultation with residents each year.
Village fees include:
- Council rates
- Water rates and usage
- Building insurance
- Building and garden maintenance
Village fees do not include electricity, gas, contents insurance or personal expenses such as telephone, internet and health care.
The exit/departure fee covers RetireAustralia’s initial investment in the village and infrastructure improvements to all of the village facilities and amenities. In other words, it ensures that all residents have access to the many wonderful benefits of village life.
RetireAustralia charges this fee when you leave in order to keep our entry prices as competitive as possible, which leaves you with more cash in your pocket while you’re living in the village.
The amount of your exit/departure fee will depend on your individual home and how long you’ve lived in the village.
To calculate what your exit/departure fee would be under our new sales contract, try our online calculator.