Use this calculator if you are considering moving into a retirement village. This will give you an overview of the following costs, based on the experience of an average resident:
- ongoing fees for services and maintenance while you live in the village
- exit fees and any return you’ll get when you leave the village.
To get started, you need:
- the location you’d like to live in
- your budget (how much you‘d like to spend).
For more information on how the calculations are made, read Assumptions.
Step 1: Retirement village location
Your results are calculated using the information you provided, and by applying the following assumptions (based on the average retirement village resident):
The most common contract title is loan/licence. Read more about retirement village contract types.
The most common departure fee structure is 3% of the entry fee per year, capped after 12 years.
Capital gain is usually split 50/50 between resident and retirement village operator.
Time taken to sell
The average selling period from time of vacancy to settlement in NSW is 283 days.