How do retirement villages work? Can I bring my pet? What’s the difference between retirement living and aged care? Find out the answers to your most frequently asked questions here.
The Edward River Seniors Living Village will be a community of 32 homes for over 65's who wish to live independently in their own home. Six homes will commence construction early in 2023.Residents will benefit from living in a fully maintained community environment with almost all costs being covered in the Entry Fee and Weekly Service Fees. See info costs & fees here.The village operates under the NSW Retirement Villages legislation and is a lifetime lease. Residents do not own the home but have the right to live in the home until they leave or pass away.
Construction of Stage #1 of Edward River Village Seniors Living Village is now underway, with six new homes ready to occupy by late 2023.
Yes! Of course. Please contact us to arrange.
A major benefit of living in a village is the hassle-free lifestyle and the range of services you can enjoy. All of the Terms and Conditions are covered in the Contract and Disclosure Statement.The Entry FeeThe Entry fee for each home entitles the resident to a lifetime lease. The three current floorplans are priced from $475k to $495k.Refund on Exit – This will be at least 65% of the Entry FeeWhen a resident leaves (or passes away) they or their estate will be entitled to at least 65% refund of the Entry Fee. The village retains what is known as a Deferred Management Fee (DMF) which is calculated at 5% of the Entry Fee per year for a maximum of 7 years. If you stay longer than 7 years, your refund is guaranteed at 65% of the Entry Fee. This DMF helps pay the cost of construction of the village, repairs, refurbishment and future development of the village.Weekly Service FeesAs a resident, you will pay a weekly fee of $130 to cover the costs associated with the village. Having the convenience of one easy payment means you don’t have to worry about a multitude of bills coming in. The services funded from the recurrent charges include:- All maintenance and gardening of the common areas of the Village- Maintenance of the dwellings for normal wear and tear (excludes intentional damage or damage caused negligence)- All infrastructure and services (with a couple of exceptions shown below)- Payment of village property costs including rates, water, building and general insurance and waste collections.What costs are not covered in the Weekly Service Fees?Your recurrent charges do not cover your own personal costs such as:- Telephone and internet- Electricity to their home (Noting the homes come with solar panels)- Contents and vehicle insurance- Personal services such as home care or meals, personal monitoring etc- Activities. The village will not initially offer any activities on or off site. These may be options in future.See info costs & fees here.
Yes. This is your home, so friends and family are most welcome to stay with you. Of course, other residents appreciate the fact that they know who their neighbours are, so for extended stays, residents need to talk to their Village Manager and let them know who is staying and for how long.The Village Rules (found in the Contract) cover this and most other questions.Please contact us to arrange to view the contract.
The Village coordinator is a friendly face who will help with matters such as:- coordinating services and repairs to the village;- managing payments by residents- managing the preventative maintenance program for the village assets;- management reporting; and- managing residents moving into and out of the village;
We understand that residents’ needs change. If living independently is no longer an option and you require the care of a nursing home or aged care facility.Once a resident relocates to another facility or passes away, the Village will arrange for the vacated dwelling to be prepared for a new resident. Once the new Entry Fee is received, the Exit Refund will be provided to the resident or their estate (Details provided in the Contract).Please contact us to arrange to view the contract.
Your Lease will terminate automatically if you pass away (or if there are two of you named on the Lease for your dwelling, when the last of your passes away). If this occurs, our objective is to make the process easy for your family. We will deal with your executors in relation to the re-leasing of your villa and the payment of your exit entitlement to your estate.
The village will recommend a price based on recent sales in the village and market conditions. If capital gains are achieved, this will be shared after costs are deducted (Refer to the Contract for details).Please contact us to arrange to view the contract.
See available home options for more information.
See Entry Price list (and other costs, and the DFM).See info costs & fees here.
See artist impression below.
Yes! (See the contract for village policies)Please contact us to arrange to view the contract.
Not for the first 6 units. There are three interior colour palettes to choose from. These are in neutral tones.
Call 03 5898 3000 and Council will arrange repairs.
There are fences around the backyards of all homes. They are set midway back from the front of the house.
Yes. The shed will need permission, to ensure it is suitable and built correctly, but sheds are OK.
Yes. NBN is included and connected to each home.
Yes. Residents are very welcome to work in the shared gardens. There are some guidelines around this.
Can I "buy" a unit and rent it out?No. They are for use by residents only.Can I invest in a unit?No. They are for use by residents only.Can I bequest the unit in my will?No. This is a lifetime lease, rather than freehold ownership.
There is an area set aside for caravans. The van parking space is limited and the village operator will review use if required.
There are plans for a shared space for residents, family and friends to use. It has not been designed yet, but likely will incorporate shared covered BBQ areas and a modest sized shared building kitchen/dining/meeting building.
Not at this time. This is an independent village and as these services and activities are already provided by other organisations in town, there are no plans presently to duplicate the services.
The home includes provision for future security and monitoring services as part of the wiring and NBN. A resident can subscribe to a commercial service at their own cost if they wish. There are a number of very good online services available if required by the resident in future.
These are found in the Contract and Disclosure Statement. It covers matters such as:Disagreements and disputes, minimum entry age of residents, pets, visitors, parking, speed limits, smoking, communal areas, gardening etc.Please contact us to arrange to view the contract.
Residents require the services of visiting healthcare professionals, such as care providers, general practitioners, physiotherapists and podiatrists. While we do not provide those services, you are able to access the services of external providers at your own cost.
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Edward River Village acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past and present.