Where to begin

How to turn your retirement dream into a realistic move-in date

You want a place where you’ll feel right at home.
But how do you know when it’s a good fit?

Here, we break it all down for you.

First, you’ll need to understand the costs associated with retirement living. After all, you’ve saved up for this over time. You want to be comfortable in your retirement, and that includes your financial status.

Buying any retirement unit is different from a typical property purchase. Complete transparency is key, so our sales representative will thoroughly review the costs with you. We also recommend that prospective owners seek proper financial advice before making a purchase.

Home price

Prices vary for 2 or 3 bedroom units, and our sales representatives will provide you with the exact price when you express your interest.

Our homes start at $316,000

Ongoing costs

Some of the costs associated with maintaining our community are covered through a daily maintenance fee. This fee will be provided to you by our sales representative.

Deferred management fee

This fee covers unit refurbishment and selling costs, and is payable upon leaving the unit.

Additional service fees

You can opt to have services to enhance your lifestyle, such as emergency button alarms, meal delivery and cleaning. Not all services available at all sites.

Purchasing Options

Traditional

The Traditional Deferred Management Fee (DMF) option is the most common form of retirement village contract in Australia. The total DMF is spread out over 5 years and calculated on the original ingoing contribution from the resident. The resident is responsible for the costs associated with major maintenance of items in the internal of the unit (ie. a/c unit repairs & replacements etc).The resident does not receive any share of the capital gain/loss on the unit sale and is not liable for the costs related to the sales & marketing or renovation / refurbishment.

Peace of mind

The Peace of Mind is for residents that want to move in and never have to worry about maintenance of their unit, we’ll take care of it all. The total DMF is spread out over 5 years and calculated on the original ingoing contribution from the resident. The resident will never have to worry about the costs associated with any type of maintenance or renovations. When it comes to selling the unit, we’ll take care of the sale and renovations, so you will know exactly what will be left at the end. We will be liable for all of the costs, but also receive all of the capital gain/loss from the sale of the unit.

Investor

The investor option is for residents that want some “skin in the game” in regards to the capital gain/loss of the unit. The total DMF is spread out over 5 years and calculated on the new lease premium from the next incoming resident. The resident will be liable for all costs associated with ongoing major maintenance, as well as the refurbishment and selling costs of the unit. In return for all of this the resident will retain all of the capital gain that they receive from the sale of the unit.

What steps should I take next?

A happy retirement is your goal and ours. Let’s make the big decisions easier by taking it step by step.

Anything else I should consider?

Only you can decide which retirement village is right for you. While we strive to set the gold standard in retirement living, people are unique, with differing needs. That’s why we encourage you to schedule a tour, read our brochure and speak to our sales agent and our residents.

See the beauty of The Terrace up close. Reach out to our Customer Relationship Consultant to schedule an on-site tour today!

Pauline Rhodes 0417 489 796

Pauline Rhodes
0417 489 796

Register your interest

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We can’t wait to meet you and discuss your retirement goals.

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Thoughts from our customers

When I chose to move to the The Terraces, I wondered how long I could continue mowing, pruning and maintaining the home I lived in. I went and looked at the village as an option and decided very quickly that this was the best option for me to make my life easier. I’ve been here 13 years and the community at the village is a place where we all care about each other. I have made new friends, am having some great fun and I just love living here. I say, go for it the sooner the better, the younger the better and shift as soon as possible it’s great.

Marg

Retired

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