Retirement Living Financials Explained (NSW & ACT)

We've developed a range of easy-to-understand flexible financing options for our retirement villages designed to suit your individual circumstances.

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three over 55s women enjoying independent living in baptistcare retirement village socialising and having a meal during their retirement

Loan Licence Agreement

BaptistCare Retirement Villages offers Loan Licence Agreements, whereby your ingoing contribution is paid to us as an interest-free loan. There are many benefits to this type of agreement, including:

No Stamp Duty
No capital replacements (unlike strata titled arrangements)
No refurbishment or resale costs when you leave
Free up cash for your lifestyle
Guaranteed fixed return (no capital gain or loss to share)
Flexibility to change your mind and receive a refund up to 90 days after moving in

Read more on the costs involved in retirement villages

Costs

There are just two costs associated with a Loan Licence Agreement:

Entry Payment, also known as an Ingoing Contribution, which guarantees you the right to live in your home.
Ongoing fees, also known as the ‘recurrent fee’, contribute to the cost of operating the village. These include expenses such as council rates, building insurance, maintenance of your home, village amenities and employees.

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over 55s retirement couple enjoying stretching and exercise activities independent living in baptistcare retirement village

Flexible Entry Payment Options

If you choose the standard option, you will receive a guaranteed 70% return of your entry payment if you stay 6 years or more. The remaining 30% will be deducted as a *deferred management fee including:

Applicable to NSW only:

5% non-refundable for the first year (if you stay 90 days or more)
25% for years 2 to 6 calculated daily

Applicable to ACT only:

30% for years 1 to 6 calculated daily (if you stay 90 days or more)

View NSW Brochure View ACT Brochure

Ready to find your closest Retirement Village?

If you are ready to take the next step in finding a retirement village that suits your needs, you can browse through our villages here.

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Make an enquiry

If you would like to know more, please complete the form and one of our retirement living specialists will be in touch.

Things you should know:

You will have to pay a departure fee when you leave this village.
The refund amount will vary depending on your ingoing contribution and the DMF % you have opted for. It will also be pending the condition of the premises as it’s returned to BaptistCare.