What are the costs of a retirement village?

The lower entry cost, community lifestyle and access to a range of other onsite facilities makes retirement villages an attractive proposition for many prospective residents seeking to downsize or transition into a low maintenance lifestyle.

Villas/units in our retirement villages are purchased under a Lease for Life arrangement.

Under Lease for Life, residents pay an ingoing contribution or purchase price for the villa which gives them exclusive rights to live in the property for their lifetime from the commencement date of the lease. Upon vacation of the unit the lease is to be sold. It is important to note that Lease for Life is not the same as entering into a rental agreement.

The cost of retirement living depends on many things, including the type of home required, it’s location, facilities and services available.

The main costs are:
– Low monthly service fees all-inclusive of rates etc
– Exit cost
– One-off Deferred Management Fee (DMF)
– Reserve fund contribution
– Reselling fees


In-going Contribution

To secure a Villa at one of SCC Villages the resident pays an in-going contribution. This payment is based on the market value of the villa. Upon termination of your lease or if you decide to move from the village your villa will be released to a new resident, and you will benefit from the full market value of the villa at that time.

Service Fees

During the lease and until the resident is repaid the in-going contribution, the resident must continue to pay a contribution towards the village operating cost. This contribution is called a ‘Recurrent Charge’ and is a standard amount that is fixed annually by SCC (WA) to meet the Operating Costs budget.

The cost and inclusions of the Service Fee will change depending on the Retirement Village and individual lease documentation.

Some examples of items covered under the service fee could include but are not limited to:

  • All external maintenance of the villas, Community Centre and common grounds
  • Access and use of the Community Centre
  • Maintenance of common gardens, including lawn mowing and reticulation
  • Upkeep of walkways, paths and visitor parking areas
  • All building insurances
  • Water Corporation rates and water consumption
  • Council rates as applicable for not-for-profit organisations
  • Village administration and management
  • Annual termite inspection to all villas and common buildings
  • Annual service to air conditioners, annual smoke alarm checks and servicing of fire equipment
  • Security night lighting
  • 24/7 emergency call system

Maintenance Reserve Fund

The amount payable to the maintenance reserve fund by the outgoing resident after permanently vacating the villa is calculated at 1.25% per annum based on the in-going contribution and calculated on a pro-rata daily basis.

Our retirement villages

With 7 retirement villages across the Perth metropolitan area, you can choose from a variety of homes.

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Please get in touch if you’d like to talk about our services or enquire about available properties.

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