All you need to know
Retirement Village Costs
Should I seek legal and financial advice?
We know that there can be a lot to consider when moving into a community, which is why we encourage all prospective residents to seek independent legal and financial advice from professional advisers who understand retirement living and aged care. As with any professional service, there will be a cost to you involved, but it will ensure you can obtain advice that best suits your circumstances.
How are service fees set?
The setting of service fees occurs in accordance with the Retirement Villages Act that applies in the State in which the community is located. Service fees vary between Aveo communities and can vary within communities, depending on the type of home you choose. Fees are at a rate set by the community and safeguarded by State legislation for complete peace of mind. We encourage you to speak to a Sales Consultant or Community Manager about the service fees that apply to your chosen home.
Who pays for insurance and rates?
The cost of building and property insurance is shared by all residents and paid through your community’s service fees. We recommend that you take out personal contents insurance for your furniture and belongings in your home.
Generally, in leasehold and licence villages, rates are payable through the service fees. Your Sales Consultant will be able to assist with more specific information for your chosen community.