Finance

The decision to move into a retirement village is an important financial and personal decision. We recommend you speak with your family and seek independent legal and financial advice to make sure the choice is right for you.

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Flexible finance options

All our retirement communities operate under a Residence and Service Contract (loan-licence agreement) which gives you the right to occupy the unit, without the cost and responsibility of owning the property. When you move into one of our villages:

  • you don’t pay stamp duty
  • you’re guaranteed your refund amount when you leave
  • you’re entitled to a 90-day settling-in period (conditions apply)
  • you’re not responsible for refurbishing or selling your unit when you leave – we do this for you
  • you only pay charges that relate to the operation of the village.

Frequently asked questions 

We understand that moving into a retirement village is an important decision, personally and financially. We encourage you to talk to your family and loved ones, and seek independent financial and legal advice to make sure the choice is right for you, now and into the future.

When you decide to make the move, you'll be invited to secure your preferred unit with a refundable holding deposit of $2,500. This will reserve your chosen unit for 42 days. Our friendly team will guide you through the next steps to support your move, and keep you informed along the way.

Yes, we offer selected units under a weekly payment option, similar to renting. To be eligible, you must be aged over 55 and no longer working full time. Connect with our team to learn more.

When you become a resident, you take on the responsibility of a licensee and the unit remains the property of Wesley Community Services Limited (or the Property Trust). The unit is granted to you personally and cannot be sold or assigned. If your partner or spouse needs move, for example in to a residential aged care home or passes away, your license remains in place.

All our Wesley Retirement Living Villages must abide by the Retirement Villages Act 1999 and the Retirement Villages Regulation 2017. You can learn more about your rights and responsibilities here: Retirement villages | NSW Fair Trading

As a resident your rights are protected by current legislation*. Section 20 of the Residence and Service Contract (which is compliant with the provisions of the Act*), describes the conditions under which you may terminate the contract. You may, at any time, vacate the unit upon giving one month’s notice in writing.

Transfers are usually due to medical or care needs. If you’d like to move to another unit, please speak to your village manager. If you do move to a different unit, we’ll draw up a new contract for you to represent the changes.

If your care needs change and you permanently transfer to a residential aged care home, the ingoing contribution due under your Residence and Service Contract will be repaid to you, minus any Deferred Management Fee (DMF) and outstanding recurrent charges as referred to in the Contract, except where:

  • it’s your express wish that the money remains on loan or as a gift to Wesley Mission
  • you would prefer to use the refund as a credit towards your accommodation bond or charge if moving in to a Wesley Mission owned/operated residential aged care home. However, you may need to make a separate accommodation payment if you’re entering residential care even if you’re already living in the retirement village. We recommend that you check if your entry contribution can be refunded quickly so you can pay the accommodation payment if needed.

No, when you leave the village, you won’t be responsible for selling the unit. Wesley Mission will take care of all the administration (including marketing and selling costs), cleaning and refurbishment of the unit. After you move out, you’ll simply pay a maximum of 42 days of recurrent charges and residents may be required to pay a departure fee upon exit.

Of course! It’s your home and we encourage you to invite family and friends to visit for the day or stay overnight.

*Current legislation referred to on our website includes the Retirement Villages Act (1999), Amendments Act (2008) and Retirement Village Regulations (2009).

For more information on how Wesley Mission manages your personal information, visit wesleymission.org.au/privacy-policy

“We know the move was the right decision. I feel blessed to have this gift of time with my mum”

Karen, resident daughter.

Make an enquiry

Start your retirement in an affordable and supportive community today. Contact us to book your private tour.

Our response to COVID-19

Wesley Retirement Villages are COVID safe. The safety and well-being of our residents, staff and visitors is our top priority. We have COVID safe plans in place as recommended by NSW Government to ensure we fulfil our obligations under public health orders and minimise risk of transmission of COVID-19 on our premises. Our dedicated teams regularly review NSW Government’s health orders, to ensure our services are compliant with the orders in effect at the time. For more information, please contact retirementliving@wesleymission.org.au

*Please note residents may need to pay a departure fee when they leave the village.
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