Bathurst Financial Matters
Weekly Recurrent Charge
Weekly fees are payable to support the operational costs of the village.
This fee is funded by residents through the payment of Weekly Recurrent Charges and cover the costs associated with the day-to-day management and maintenance of the Village.
Additional costs for you are your personal utilities (telephone, internet and electricity) and contents insurance.
Please note: The current weekly fees may be subject to change in the future. While we expect to propose an increase in next year’s budget, at this stage we can’t confirm the amount. Ultimately, any increases above CPI are generally subject to the approval of residents so you have the assurance that the residents/your neighbours have the last say.
The Total Operating Costs funded by the Weekly Recurrent Charge include (but are not limited to):
- Council rates, water, waste and sewerage services;
- Air conditioning servicing (annually);
- External pressure cleaning of all buildings and common areas (annually);
- Insurance of the Village's community facilities and the structural components of the villas;
- Management costs including the Village Manager and support team salaries;
- External pest control (annually);
- External maintenance of your villa;
- Internal maintenance (fixtures and fittings only) of your villa;
- Garden maintenance of all common areas and yards;
- Lights and power costs for common areas and the Village Centre;
- Administration costs including postage, printing, stationery and IT costs; and
- Taxes and statutory costs.
Departure Fee (Exit Fee)
Our financial models are based on an upfront payment structure with a departure fee.
- The maximum exit fee of 36% (accrued over 6 years) calculated on the Ingoing Contribution (your purchase price)
- 50% share of any future Capital Gain
You may have to pay a departure fee when you leave this village.
You may have to share capital gains received with the operator of this village.
Or call us on 1300 367 155