Introducing RetireAustralia’s new sales contract
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.
In response to your feedback, we’ve simplified our financial model and designed an innovative new sales contract that’s now available in all leasehold and licence villages in Queensland and New South Wales and in select pilot villages in South Australia.
How our new contract gives you financial certainty:
- Exit/departure fee capped at 35% of entry price
- Fixed village fees for life
- 21-day cooling off period and 90-day settling-in period
- No reinstatement, refurbishment or sales and marketing fees when you leave
- Capped village fees while your unit is on the market
- Guaranteed buyback after 12 months (6 months in NSW)
- Protection from property market fluctuations with no capital loss or gain
When you buy
When you first make the decision to move into a retirement village, it can be difficult to understand the long-term costs.
Our new exit/departure fee structure is capped at 35% of the price you pay for your unit so that you can calculate exactly how much money you’ll receive after you leave before you even move in. We also offer a cooling off period and a settling-in period in case you find that the village isn’t right for you.
While you live with us
Retirement is a time to focus on the things you enjoy most, but it’s tough when you don’t know how much money you’ll have from one year to the next.
We guarantee that your village fees will be fixed upon entry and will not increase while you’re living in the unit. This means you can confidently plan holidays, hobbies and other expenses around a fixed monthly cost.
When you leave
Leaving the village may be a challenging time for you and your family, so we want to make the process as stress-free as possible.
We will prepare your unit for sale at no cost to you (except in circumstances of exceptional wear and tear) and our professional sales and marketing team will sell it in the shortest possible timeframe without charging any fees.
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 a set timeframe, we’ll buy it back from you.
Use our exit entitlement calculator to determine what your exit entitlement will be under our new sales contract.
Based on the information you entered and the features of our new contract:
Your sales and marketing fee will be $0
Your reinstatement or refurbishment fee will be $0
Your exit/departure fee will be $
Your exit entitlement will be $
Entry Price: $400,000
Exit/Deferred Management fee
If you'd like to email this calculation to yourself enter your email below, then press 'Send now'.
This is an example only - additional fees and charges may apply.
Please note: RetireAustralia’s new contract applies to independent living units in our leasehold and licence villages. If you are interested in a care apartment or a strata village, our salespeople may be able to provide a general estimate of your exit entitlement over the phone – please call your chosen village’s sales team for more information.
Our new contract is available on independent living units in the following villages:
The contract will be available in remaining licence villages across South Australia from November.
Consult the full contract for all terms and conditions.