Δ
RetireAustralia will prepare, market and sell your home for you, in most cases at no extra cost, except in the event of exceptional wear and tear, damage, or alterations or additions to your home.
Under our independent living residence contract, offered in our leasehold and licence villages, we will buy back your retirement home if not sold within 6 months (New South Wales) or 18 months (Queensland and South Australia) to give you the certainty to plan your next move.
This information does not apply to resident contracts in strata title villages. For information specific to strata title villages click here or call our team on 1300 687 738.
Common to nearly all retirement villages – as set out in legislation – is a management fee. The traditional model of the retirement living industry is to defer the management fee until exit – often referred to as a Deferred Management Fee (DMF) or an exit fee.
The DMF model allows greater flexibility with entry prices, which can enable prospective residents to pay less upfront and free up funds from the sale of their biggest asset – the family home – to help fund their retirement and care needs.
The DMF is the only fee that allows operators to reinvest back into villages through capital replacement works, ongoing maintenance of communal facilities, and village upgrades. It also covers the refurbishment, sales and marketing costs of homes and the remainder is profit. This not only benefits you during your time in the village but also helps maintain the value of your home, which is important when it comes time to sell.
Our independent living residence contract, offered in our leasehold and licence villages, allows you to calculate exactly how much you’ll get back based on your entry payment. The deferred management fee will not exceed 35%, no matter how long you stay in the retirement village.
Enter your details and one of our team members will be in touch.
RetireAustralia owns and operates retirement villages in 29 unique urban, seaside, tree-side and regional locations.
