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Affordable retirement living

Affordable retirement living

Cash up to a new lifestyle

Providing you with certainty

Providing you with certainty

Your tenure is 100% secure

Our Residents always remark

Our Residents always remark

I should have done this years earlier!

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This feels like the right choice...

Because we know not everyone is the same, Oak Tree Retirement Village Boronia Heights offers different purchase options to help meet different financial needs and circumstances. This allows more people to afford, and enjoy, a care-free retirement lifestyle with Oak Tree.  Many Oak Tree residents have capital left over from the sale of their family home.  

Your costs to purchase a home at Oak Tree Retirement Village Boronia Heights include:

  1. Purchase Price – payable upfront
  2. Exit Fee – payable when you sell your villa
  3. General Service Charge – payable throughout the length of your stay

A choice of two purchase options is available:

Traditional Option
Secure your villa for a discounted purchase price but take no share of the capital gain upon the resale of your villa.  An exit fee is payable at the time of resale and is collected at settlement.  The exit fee is calculated on your original purchase price and is scaled upwards year on year of your stay up to a maximum of 30% over 6 years. The scale works as follows:

  • Year 1: 5%
  • Year 2: 10%
  • Year 3: 15%                                       
  • Year 4: 20%
  • Year 5: 25%
  • Year 6: 30%

Under this model our villas are more affordable and you can potentially have more cash left over from the sale of your home to save, pass on to your grandchildren or use now to enjoy your retirement. It also means you have a greater certainty in understanding what your return on your investment with Oak Tree will be no matter what the condition of the real estate market is like at the time of sale.

Standard Option
Secure your villa at a slightly higher price, but share in the capital gain your villa accrues over time upon the resale of your villa. An exit fee is payable at the time of resale and is collected at settlement. The exit fee is calculated on the value of your villa at the time of resale  (ie - your sale price).  The exit fee is scaled upwards year on year of your stay in the village and is a maximum of 40% over 8 years.  The scale works as follows:

  • Year 1: 5%
  • Year 2: 10%   
  • Year 3: 15%
  • Year 4: 20%
  • Year 5: 35%
  • Year 6: 30%
  • Year 7: 35%
  • Year 8: 40%

Under this model you have the potential to grow your investment over time, as you would if you if bought a property in the normal housing market. Whilst Oak Tree always endeavours to ensure the Village property is kept at a high standard and regularly reinvests in the village to ensure this is the case, Retirement Village property values are dictated by the property market at large.