from your home’s capital gain
Capital gain protects your investment and your freedom of choice
We think it’s only fair you get the benefit of the capital gain in your home, not the village operator – which is, unfortunately, the case at many other retirement communities.
The difference can be hundreds of thousands of dollars in your pocket.
Not only will you be better off financially if you decide to sell your home at a Karaka Pines village, you’ll also have the freedom to choose what your next move will be.
How the numbers work in your favour
Buying at most retirement villages is slightly different to buying a house.
At retirement villages, you purchase a Licence to Occupy (LTO) under a contract called an Occupation Right Agreement (ORA), but for all intents and purposes, it’s the same as buying, because you can live in your village home until you decide to sell it.
At Karaka Pines Villages, you also buy an LTO, but our terms are much more favourable, because you get the capital gain and pay lower fees.
Here’s an example of how capital gain worked for our residents
David and Anne* bought at a Karaka Pines village in 2012 for $435,000. In 2019, David needed to move into a care facility. They sold their home for $727,500 and spent $636,500 on a serviced apartment at the care facility for Anne, leaving them enough to pay for David’s care.
If the couple had been living at a village operating under the standard model, they would have ended up with only $304,000. Anne would not have been able to afford to move to be with David.
*Names have been changed to protect privacy.
More to gain
Get in touch with our friendly team to learn how you could be better off living at a Karaka Pines village.