Retirement Village Costs - RetireAustralia

Home Costs & Contracts Costs

Understanding retirement village costs

Here’s a breakdown of what you’ll pay when you move in, while you’re living in a retirement village, and when you leave. Learn what’s included so you can make informed choices about your future.

Moving in

You’ll pay an entry payment which gives you the right to live in your home. The amount will depend on the size, style and location of your chosen home.

Living

You’ll pay regular service fees that cover the everyday running of the village including upkeep of communal amenities, council rates and the village team. By law, these fees cover the costs only – operators don’t profit from them.

Leaving

When you leave, you’ll pay a management fee. This is the operator’s form of income and helps fund capital improvements that keep the village attractive, modern and comfortable for all residents. It also helps cover the cost of support staff and refurbishing and selling vacant homes.

Moving in

You’ll pay an entry payment which gives you the right to live in your home. The amount will depend on the size, style and location of your chosen home.

Living

You’ll pay regular service fees that cover the everyday running of the village including upkeep of communal amenities, council rates and the village team. By law, these fees cover the costs only – operators don’t profit from them.

Leaving

When you leave, you’ll pay a management fee. This is the operator’s form of income and helps fund capital improvements that keep the village attractive, modern and comfortable for all residents. It also helps cover the cost of support staff and refurbishing and selling vacant homes.

Get an expert perspective on retirement village costs

Retirement living expert Rachel Lane, Principal of Aged Care Gurus, explains the costs involved in moving in, living in and leaving a retirement village.

Next: Understanding retirement village contracts

Find out how retirement village contracts differ from regular property contracts, and what to look for when choosing the right one for you.

Learn more about contracts