Assisted Living Apartments
In September 2018, we will open 10 new apartments as part of the first stage of our redevelopment. We will be able to offer you a quality lifestyle, social connections and peace of mind in our architecturally designed one-bedroom apartments with car parking and shared spaces. This will be an ideal place to start a new chapter of your life that’s all about you.
Located a short stroll to the charming Yackandandah village, you will be able to enjoy the cafes, specialty shops and galleries. A shuttle bus will provide drop off and pick up trips to the village twice a day.
There are various costs associated with entering, living in and leaving a retirement community. Here is a list of the most common:
This is a single up-front payment, also known as an ingoing contribution.
The entry price for the apartments is $270,000.
There is also a one-off cost for preparing your residence lease agreement of $299.00.
Deferred Management Fee
This is the amount that is paid by the resident when they leave the community and the property has been sold to a new resident.
For the apartments, this is 4% of the entry price per annum to a maximum of 5 years.
There is a monthly payment that contributes to the running costs of the community. Think of them as you would body corporate fees when purchasing an apartment or ongoing maintenance costs in your own home. For the apartments, the monthly single fee of $1,104.00 or couples fee of $1,932.00 per calendar month applies and $25 per month for telephone/internet charge plus calls.
We will provide lunch and dinner each day, one full apartment clean per week, one laundry service per week, security service, emergency call system, utility charges and usage, use of community facilities, maintenance, gardening and administrative services.
Make sure you discuss these fees with a legal or financial adviser so you can consider them against your own financial situation.