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Peace of mind

Peace of mind

that your tenure is 100% secure

A place you can be yourself

A place you can be yourself

and enjoy life just how you planned

Affordable retirement living

Affordable retirement living

and a carefree supportive lifestyle to match

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This feels like the right choice...

Because we know you manage your money carefully throughout your retirement, Oak Tree Retirement Village Park Avenue aims to ensure our villas are affordable. This allows more people the opportunity to enjoy a care-free retirement lifestyle with Oak Tree. Many of our residents have capital left over from the sale of their family home when they purchase at Oak Tree.

Your costs to purchase a home at Oak Tree Retirement Village Park Avenue include:

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

Purchase at Oak Tree:
Secure your villa at Oak Tree and 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 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.

 

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