Bupa Sutherland Retirement Village

Costs:

The key costs associated with retirement villages include an entry fee (which is partially refunded when you leave), ongoing fees and exit fees. All fees and costs are detailed in the contract offered to you – our team is happy to answer any questions. Your entry payment depends on the apartment of your choice. As the contract offered by Bupa is loan licence agreement, you are not required to pay stamp duty on this fee.

Other costs you may need to consider include a deferred management fee, recurrent charges, costs of reinstatement or repair and legal costs of buying and selling.

Recurrent costs, also called service fees, are generally paid monthly and cover the costs of all common area upkeep, facilities and utilities like air conditioning, elevators, village management and services. There are no special levies to pay as in strata title homes.

Contract:

Bupa believes that it's important for you to be able to understand your obligations, which is why our contracts are written in plain English.

We offer two types of contracts that ensure you have choice when it comes to managing your finances. Our sales team will explain the details at your personal appointment.

1. Non- Capital Gain contract for those who prefer a lower Deferred Management Fee (DMF) plus surety of payment, rather than a share in capital growth (if any) when they leave the village.
2. Capital Gain share contract for those who wish to share the capital growth (if any) in the apartment.

Some important things to note:
You will have to pay a departure fee when you leave this village.
You may have to share any capital gains received with the operator of this village.