Goodna Financial Matters
Weekly Fees
The costs associated with operating the Village are funded by the residents through payment of weekly fees.
Your weekly fee will include two components:
- Your General Service Charge; and
- Your Maintenance Reserve Fund Contribution.
General service charges cover the day-to-day operational costs of running the retirement village and upkeep of the community facilities for the benefit of all residents.
Maintenance reserve fund contributions cover the regular maintenance and repair of the village’s capital items.
Additional costs
You will be responsible for additional costs of living in the Village, including:
- Your personal utilities (telephone, internet, electricity and gas – if applicable); and
- Your contents and vehicle insurance policies.
Please note: Weekly fees are reviewed and amended annually on 1st July. Additional details are included in the Village Comparison Document and Residence Contract.
Exit Fee
Our financial models are based on an upfront payment structure with an exit fee.
Oak Tree Village Goodna offers two options:
Balanced Option
- The maximum exit fee of 36% (accrued over 6 years) calculated on the Ingoing Contribution (your purchase price)
- 50% share of any future Capital Gain
Value Option
- Maximum exit fee of 26% (accrued over 5 years) calculated on the Ingoing Contribution (your purchase price)
- No share of any future Capital Gain
Or call us on 1300 367 155
