Retirement Village Costs Explained

More Choice at BlueCare villages

Retirement living is easy and affordable compared with owning and maintaining your existing home and at BlueCare we have retirement living options to suit most budgets and lifestyles. The retirement village model allows you to free up equity to help fund your retirement, with maintenance and many day to day costs taken care of.

At BlueCare retirement villages, you can choose the contract option that best suits your financial and lifestyle needs. BlueCare Choices gives you the choice of four options:

*This contract option is only available at the following villages: Carlyle Gardens, Argyle Gardens, Fraser Shores and Azure Blue Villages. We recommend seeking independent legal and financial advice prior to entering into a contract.

Each choice offers different benefits including a guaranteed buy back. Talk to one of our sales team to find out more. Call 1800 990 446.

Joining the village

When you choose a home in a BlueCare retirement village, the price is known as the ‘ingoing contribution’, and you are buying what is known as a right to reside. Your right to reside is fully protected under the Retirement Villages Act so you have peace of mind. Another benefit of acquiring a right to reside in a BlueCare retirement village is that there is no stamp duty or GST payable on the purchase*.

Once you decide on the home of your choice, our sales team will prepare your disclosure documents for you. We recommend that you seek independent legal and financial advice on these documents and once you have considered that advice, then proceed to enter into your contract.

Living at the village

Day to day costs, such as council and water rates, building insurance, general facilities and grounds maintenance and 24-hour emergency response (excluding Wondall Gardens, Acacia Gardens and Iona retirement villages) are included in one easy monthly payment of the general services charge which is reviewed annually. The charge varies from village to village, depending on the location and style of accommodation and facilities. You are responsible for your individual phone, internet, contents insurance and electricity costs. You can see the general service fee and exactly what is included in the Village Comparison Document for each of our retirement villages.

Leaving the village

If you wish to leave the village more than 3 months after your lease commencing, you will receive an exit entitlement, which is your ingoing contribution less the exit fee, legal fees and other administrative charges. The exit fee is designed to be paid when you leave so you can take advantage of the lifestyle benefits including village facilities without the added cost upfront.

Legal fees paid upon vacating when you leave the village cover the costs associated with contract termination.

Reinstatement costs are payable if there is accelerated wear and tear and damage.

If you choose our Capital Gain Contract Choice* (only available at certain villages), you will also contribute 50% of the renovation costs, which are the costs of all replacements and repairs in addition to reinstatement costs. Your share of the capital gain or loss will form part of your exit entitlement when you leave the village.***

BlueCare offers you the freedom to choose where you live, how you live and the contract that best suits your financial and lifestyle needs.

Talk to one of our sales consultants to find out more on 1800 990 446.

*Correct as at May 2020 subject to change under Queensland Government legislation.

**Our Peace of Mind Guarantee only applies to reservations made on or after 1 July 2021. It is also unfortunately not valid for studio apartments. Please refer to your village’s Village Comparison Document (VCD) for a summary of the terms and conditions. Find your village here.

***Except when you change your mind under our Peace of Mind Guarantee. Please refer to your village’s Village Comparison Document (VCD) for a summary of the terms and conditions. Find your village here.