Financial Details
Oasis Garden Village is the best retirement villages in Australia offers a lifestyle retirement village at a very affordable price with investments starting from $170,000 for serviced units and apartments from $120,000.
Living Fee
84% of pension plus rent assistance and utilities allowance
After investing in your retirement living it may increase in value. When you vacate your unit the percentage paid back to you is based on the percentage of the new value of your unit.
When you vacate your retirement village the percentage refunded will depend on the length of your stay and the amount refunded on the price the unit is re-licensed for.
At the commencement of the license, the resident makes an interest-free loan to Oasis Garden Village equal to the purchase price of the selected unit. The operator grants to the luxury retirement villages:
- A licence to use and occupy the Residence;
- the rights to use fixtures and fittings, presently affixed to or situated in the Residence.
Loan repayment amounts
The fixed amounts repayable to the resident over various occupancy years are as follows:
This amount is based on the new loan amount and may increase in value over the original loan amount.
- If the length of occupation is more than 90 days but less than one year from the date of occupation the formula for calculating your refund is 90% of the next loan made to Oasis Garden Village.
- If the length of occupation is more than one year but less than two years from the date of occupation the formula for calculating your refund is 85% of the next loan made to Oasis Garden Village.
- If the length of occupation is more than two years but less than five years from the date of occupation the formula for calculating your refund is 80% of the next loan made to Oasis Garden Village.
- If the length of occupation is more than five years from the date of occupation the formula for calculating your refund is 75% of the next loan made to Oasis Garden Village.
In addition to the loan repayment, refurbishment cost and marketing fees will be at the residents own expense.
What is my living fee?
When you occupy a retirement village you will be required to pay a fortnightly living fee in advance. This amount is calculated at 84% of the pension plus rent assistance and utilities allowance and will increase with any rises in the pension and CPI. Apart from the living fee, your only expenses are those of a personal nature such as telephone, hairdressing etc.
The management pays for all other charges and expenses including maintenance of your retirement villas and apartment, all meals, gas, electricity, all repairs and maintenance throughout the building and grounds, all rates and insurance (except insurance on your own goods and personal belongings), security, emergency call system, etc.
Will my pension cover the living fee?
After living in our unit or apartment it may increase in value. When you vacate your unit the percentage refunded, the money paid back to you, is based on the new value of your investment.
When you vacate your retirement village or apartment the percentage refunded will depend on your length of stay, and the amount refunded on the price the unit or apartment is re-licensed for.
For many people, pets are a natural part of life and there is no reason for this to change. Dogs and cats are all welcome.
All the retirement villas have security intercom to the gates & 24 hour emergency call to staff.
PLEASE CONTACT US IF YOU REQUIRE ANY FURTHER INFORMATION.