Understanding the costs of moving into Retirement Living
A move into retirement living is a new beginning, a lifestyle choice with peace of mind. You can still do all the things you did before, and more.
The cost to buy into a retirement village will depend on the facilities and amenities offered, the size of unit, and the location. Generally, units are priced lower than the equivalent sized home in the same suburb. This of course, varies from suburb to suburb. Prices can range from $150,000 up to $2M.
Resthaven has financial options available for you to join a retirement village:
- To secure the home that’s right for you, you’ll make a one-off entry payment —also called an ‘ingoing contribution’. This grants you the right to live in your chosen home and enjoy the benefits of village life. Resthaven contracts are simple, easy to understand, and will give you peace of mind by explaining exactly what fees are payable when you leave the village. For more information, please speak with our friendly sales team who will explain the different options to assist you in making your choice.
- Rental Units (Available at selected villages only): People who are eligible for a rental unit pay a fortnightly rent (plus a maintenance fee) that covers the services provided in the village. To be eligible, a prospective resident must qualify through an asset and income assessment.
Download the Retirement Living Options Brochure
When you move into a Retirement Living village at Resthaven, you’ll know what you’ll pay and when, as well as how much is returned and when. You’ll feel confident of your financial footing. If you decide within 90 days that your selected village isn’t for you, your entry payment will be refunded, less fair market rent for the period you were in residence. This is subject to particular time frames regarding repayment, as well as other terms and conditions. Please speak with our sales team, who will be happy to answer all of your questions.