fbpx

Our Fees Explained

Fairer fees

All retirement villages charge their resident’s fees. These fees should be good value for money and a fair reflection of the benefits you enjoy while you live here.

Facilities fee

The facilities’ fee covers the cost of providing the shared infrastructure of the village, such as wastewater, roading and the social hub. This fee is taken out of the sale price when you leave the village.

At Karaka Pines Villages, under our Next Generation Model, the standard facility fee is 12.5%* (of the sale price of your home when you leave). But you get the capital gain, not us. In contrast, most other village operators charge up to 30% of the initial purchase price, plus they retain 100% of your capital gain. We don’t think that’s fair, do you?

At the three villages owned by the residents, Kempton Park, Roseland Park and Woodcroft Estate there are no facility fees.

*Please be aware that there are options to how you pay your fees, and villages in our group where the fees vary.

Weekly fees

Running the village requires us to pay ongoing costs like those shown below. It also includes a long-term maintenance fund that covers all big costs, so you won’t get a big unexpected bill at any stage.

This weekly fee varies from village to village, Current villages range between $145 to $185 per week. You’ll see specific details on the webpage for the Karaka Pines Village you’re interested in.

At some locations, we offer extra flexibility with the option to pay a fixed weekly fee of $100, offset by a higher facilities fee of 25%.

The weekly fee covers:

  • Land rates
  • Full replacement insurance
  • Rubbish collection
  • Gardening and lawns
  • Security and lighting
  • Exterior window washing
  • Management costs
  • Legal compliance required by retirement villages act
  • Long-term sinking fund to cover major village renovation costs

Renovation and selling costs

We take pride in the quality of our villages and we want everyone who buys here to share that feeling.

So that’s why when you decide to sell your home it needs to be restored to nearly new condition before it goes on the market. Naturally, depending on what needs to be done, there will be a cost, but you’ll benefit from its beautiful condition through a higher selling price.

We can either sell your home for you, or you can do it yourself (you’re welcome to use an agent).

You set the selling price and decide whether or not to accept an offer. If you like us to manage the sale for you there might be a small administration fee, plus the costs of marketing and advertising. You’ll also need to cover your lawyer’s conveyancing fee.

Other costs

Like you would in your home outside the village, you will pay for your own power, water, phone and internet services.

Play Video

You have so much more to gain

Get in touch with one of our friendly team now to learn how you could be so much better off living at a Karaka Pines Village.

Book your Appointment

When you join the community at a Karaka Pines Village life becomes simpler and easier.

Book your Appointment

When you join the community at a Karaka Pines Village life becomes simpler and easier.