Retirement Villages Explained

Arcadia Waters villages are like any other suburban community in the sense that people are simply going about their lives as they choose. The main difference is a retirement village community comprises people at a similar stage in life who are all seeking security, a sense of community and facilities that a retirement village offers.

Retirement village ownership structures come in a few different shapes and sizes. Arcadia Waters communities are based on a ‘lease for life’ financial model. A lease gives you the security of tenure you’d reasonably expect and ensures that the whole village is maintained to a continually high standard by the Village Managers.

This type of agreement also keeps down the cost of developing such a village as there are no separate titles, no GST payable on the lease and no stamp duty. The result is a lower ingoing contribution to the new premium. Your lease provides a secure and legally binding interest that is protected by your Resident Agreement, the Retirement Villages Act 1992 and a Memorial which is lodged over the title of the Village land protecting your rights under the Retirement Villages Act. The village cannot be sold for any other purpose than as a Retirement Village, so your investment is secure.

Interested to find out more?

If you would like to read more about retirement village living and the comparisons with General Residental Living, click here to read an independant study conducted by Built Environment Informatics & Innovation Research Centre, University of Technology Sydney.