RetireAustralia has launched its new independent living residence contract across its South Australian portfolio after a successful trial.
The innovative new contract has been designed to provide clarity and certainty to residents and their families throughout the entire length of a resident’s stay at a RetireAustralia village.
RetireAustralia CEO Alison Quinn said with retirement village residence contracts under the media spotlight in recent months, clarity and transparency are more important than ever.
“Our residents’ happiness and wellbeing is our number one priority,” Alison said.
“That’s why we’ve designed our new contract to give the utmost peace of mind to residents and their families.
“It’s shaping up to be a real benchmark within the industry.”
With a capped departure fee, no stamp duty, fixed village fees, and guaranteed buy-back, the contract is designed to help provide financial security at all stages of village life.
A successful trial at Tea Tree Gardens Retirement Village in Hope Valley was the precursor to a rollout across the company’s nine other villages in the state, totalling nine in Adelaide and Lincoln Grove in Port Lincoln.