Are you considering moving into a retirement village and want to know more about the costs? Join Roger Pallant, president of the NSW Retirement Village Residents Association (NSW RVRA), and Brett Osmond, editor of Compass, for a fascinating and revealing conversation about all the costs associated with retirement village living.
In this practical and informative Q&A session, we’ll discuss the costs of entering a retirement village, the ongoing expenses of day-to-day living, and the charges associated with leaving.
Join us for what is sure to be a fascinating and revealing conversation about all the expenses associated with retirement village living. Have your questions ready!
We’ll cover:
• contract types and key differences
• the legal framework
• new pricing models and extra costs
• what you are paying for when you buy into a village
• who pays for what
• what a capital works fund is and how it works
• what an asset management plan is
• other costs you can expect
• making changes to your retirement village unit
• critical exit fees and scenarios
• deferred management fee (a key exit cost)
• capital gains
• other exit costs
• getting your village unit ready to sell
• what happens if the unit doesn't sell
• special aged care provisions.
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