How much does a retirement unit or retirement apartment cost?
All of the Karidis Retirement Village units and apartments are keenly priced to reflect current property market conditions. We review pricing for all of the Karidis Retirement Village units and apartments on a regular basis to ensure that they are realistic and represent exceptional value. The price of each individual unit or apartment will vary depending on location, whether the unit is brand new or refurbished etc. Please call 1300 796 311 for our current pricing.
How much will it cost me ongoing, to live in the retirement village?
Once you have purchased your accommodation in your chosen village, there are also maintenance fees.
Our retirement villages are resident funded villages. This means that residents contribute to the costs associated with the day-to-day and ongoing management and maintenance of the village. This is an effective way of ensuring that facilities and services that would normally be out of reach of most people, are available.
As a resident, you will be required to pay a monthly maintenance fee, which covers the running costs of the village e.g. day-to-day village management and administration, general village maintenance, insurance, security costs and gardening.
Council rates and water rates are included in some villages’ maintenance fees. In other villages, they are separate, and payable by the resident. Please call to check – we can lead you through the different villages maintenance fee structures.
The maintenance fee generally also includes a contribution to a fund that is used for major maintenance and repair of the retirement village’s capital items, ensuring that there are always sufficient funds available to cover repair and maintenance works.
Personal services are available at selected villages, and the charges for services supplied are billed individually, on a user pays basis.
How is the maintenance fee determined?
The maintenance fees are determined in consultation with the residents. Maintenance fees are generally set annually.
Are there any other costs in addition to the maintenance fee?
It is your responsibility to pay for electricity, telephone and contents insurance for your unit.
What Payment Options are available to me?
Choosing to live at one of the Karidis Retirement Villages means you have access to our innovative Retire Assist options. Simple, sensible financial solutions that reduce or eliminate any shortfall in finding the entry fee to one of our villages. We have a broad range of financial support options that have been developed to meet the needs of anyone who wants to move into a retirement lifestyle property. Every family’s financial needs are different – please call us today on 1300 796 311 so that we can offer you a tailored solution.