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Overview 1981 village established 86 village units
Unit parking 1 garages
Village parking General parking available for residents General parking available for visitors Access to aged care Village features Property features Personal services (included) Optional services (user pays) -
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Legal Tenure/contractual arrangement Ongoing fees period (if any) Loan/Lease (non-owner resident) 6 months Guaranteed buyback period (if any) 2 years Entry fees Entry price $420,000 - $550,000 Other costs/fees - Legal costs/fee
Ongoing fees (Current as at 10 March, 2022) Service/maintenance fee Maintenance/replacement fund charge $401.66/month $5.35/month Total monthly charges Costs not included in ongoing fees $407.00 (approx.) - Contents insurance
- Council rates
- Water rates
- Water usage
- Other utilities (excl. water usage)
Departure fees Deferred payment Maintenance/replacement fund fee -
1 year - 5% of entry price
Expand - 2 years - 10% of entry price
- 3 years - 14% of entry price
- 4 years - 18% of entry price
- 5 years - 22% of entry price
- 6 years - 26% of entry price
0.5% of resale price (or greater of entry price and resale price) for a maximum of 10 years (5%) % of any capital loss Other costs/fees 100% - Reinstatement costs
- Sale costs/fee
- Administrative costs/fee
- Legal costs/fee
Departure entitlement (Less above departure fees) Entitlement % of any capital gain Refund of entry price 50% Departure entitlement calculator (Based on entry price of $550,000) Capital gain Deferred payment Maintenance/
replacement fund feeEstimated total entitlement $0 $0 $0 $0 -
Legal
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Loan/Lease (non-owner resident)
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6 months
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2 years
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No
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Entry fees
- Legal costs/fee
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Ongoing fees
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$401.66/month
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$5.35/month
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Costs not included in ongoing fees
- Contents insurance
- Council rates
- Water rates
- Water usage
- Other utilities (excl. water usage)
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Departure fees
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- Year 1 - 5% of entry price
- Year 2 - 10% of entry price
- Year 3 - 14% of entry price
- Year 4 - 18% of entry price
- Year 5 - 22% of entry price
- Year 6 - 26% of entry price
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0.5% of resale price (or greater of entry price and resale price) for a maximum of 10 years
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100%
- Reinstatement costs
- Sale costs/fee
- Administrative costs/fee
- Legal costs/fee
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Departure entitlement (Less above departure fees)
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Refund of entry price
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50%
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Send enquiry to see legal and fee information.
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77-91 Tanti Ave, Mornington VIC 3931
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