How do Aveo contracts compare to legislation?

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Simpler contracts that go above and beyond

As you compare retirement villages or care facilities, you’ll start to see that there is a complex range of variables when it comes to the costs of buying into, and living in, one of these communities. That’s why, we’ve simplified the finances associated with living with Aveo, through our industry leading Aveo Way contracts. In fact, the Aveo Way contracts provide financial benefits above and beyond the requirement in each State’s legislation. Take a look at how our Aveo Way contract compares in the table below:

Cooling Off Period

QLD Legislation 14 days
NSW Legislation 7 business days
VIC Legislation 3 business days
SA Legislation 15 business days
TAS Legislation 5 business days
Aveo Way contract 21 days

Money Back Guarantee 

QLD Legislation No guarantee
NSW Legislation 90 days
VIC Legislation No guarantee
SA Legislation 90 days
TAS Legislation No guarantee
Aveo Way contract 6 months (retirement living units)

Sale Guarantee

QLD Legislation 18 months
NSW Legislation 6 months (depending on contract type)
VIC Legislation No guarantee
SA Legislation 18 months
TAS Legislation 6 months
Aveo Way contract 6 months (retirement living units)

While the following items aren’t legislated anywhere, we also offer the following benefits to people who buy an Aveo retirement unit:

No refurbishment costs

You won’t have to pay for your unit to be made ready for the next buyer, even if your unit needs renovating

No sales commission

You won’t have to pay any agent sales commission on the sale of your unit if you appoint Aveo Real Estate.

No marketing cost

You won’t have to pay for the cost of advertising your unit for sale if you appoint Aveo Real Estate

The Aveo Way contract

The information contained in this site has been prepared in good faith and with due care and whilst every effort has been made to provide accurate and complete information, Aveo gives no warranty concerning the accuracy of the material or information displayed in this advertisement and prospective purchasers should make their own inquiries. Aveo recommends all purchasers obtain independent legal advice. A full list of Aveo communities that offer The Aveo Way contract can be found here: https://www.aveo.com.au/redefining-retirement/providing-certainty/

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