Recent Buying Selling Lifestyle
Recent Buying Selling Lifestyle
Buying

Retirement village calculator

03-Oct-2017
Written by Ashley Blake
Moving into a retirement village is not only a lifestyle choice, but an important financial consideration.

We came across this very handy Retirement Village Calculator which the NSW Fair Trading has developed. It's an easy-to-use online tool, to help potential residents work out the estimated costs of retirement village living.

There are two calculators that can be used depending on the resident's situation. Each calculator provides a cost estimate of the entry fees, ongoing fees, and exit fees. Understanding these fees can help residents work out if a particular village is right for them and their budget.

The basic calculator gives a general overview for those in the early stages of considering moving to a retirement village. The detailed calculator provides a more tailored result, and is designed to be used with the new Standard fees and charges table. From the 1 September 2017, the table forms part of the disclosure statement provided to prospective residents when they show an interest in a retirement village unit.

To learn more and to use the calculator visit the Retirement Village Calculator website.

Keep Reading

Renting with pets

Pet owners can often have difficulty securing a home where their furry friends will be welcome. With that in mind, we’ve put together a few tips and tricks to help you find the perfect place for you and your pets. Read More

Tips for Auction Day!

If the property you have your eye on is set to go to auction, it's important to be well prepared, have a plan in place and (try) to stay cool under pressure. Keep your game face on! Read More