$140.82 per week
The cost to operate the Village is funded by the residents through the payment of Weekly Recurrent Charges.
The Weekly Recurrent Charges fund the costs associated with the day-to-day management and maintenance of the Village.Additional costs for you are your personal utilities (telephone and electricity) and contents insurance.
Please Note: Weekly Recurrent Charge is reviewed and amended annually at the end of the Calendar Year. Additonal details are included in the Public Information Document.
The Total Operating Costs funded by the Weekly Recurrent Charge include (but are not limited to):
While you are not purchasing the freehold title to your unit, you will be a registered interest holder of a long-term lease, with all the protections afforded by the Retirement Villages Act 1999 (NSW), your tenure will be fully secure.
When you leave the village, the right to reside in your unit will be resold to a new resident. When this happens, Oak Tree will pay you an exit entitlement (by way of refund of the Ingoing Contribution that you paid), less your departure fee and some ancillary costs (as detailed in your Residence Contract).
We will fund all refurbishment costs to ensure the dwelling is returned to saleable state.