This varies from person to person.
Younger, more active residents may be attracted by:
The opportunity to ‘cash-up’ by rightsizing from a larger family home.
The reduced amount of time and money they need to spend on home and garden maintenance.
The freedom to lock-up and leave and go away on holidays without having to worry about their home.
Access to the world class facilities you often find in a lifestyle resort.
On the other hand, less active residents may enjoy and find comfort in:
The sense of safety they enjoy because of the village security.
The companionship and social interaction they can enjoy.
Pets are welcome at Fairway Gardens. We must give written approval in each instance; however, this is not to be unreasonably withheld.
Some homes have a concrete pad for storing caravans and boats. There is also limited additional storage on site, subject to availability.
Fairway Gardens is a gated community. While you are away, rest assured our grounds team will look after your home as if it was their own. There are additional security measures to enhance the safety of your home during your absences. Any resident leaving the lifestyle village for a holiday or any extended period is requested to notify the Village Managers as a further precaution.
If your home at Fairway Gardens is yet to be built or has not passed the critical stages of construction for the ordering of such things as electrical points, kitchen cupboards, tiling, paint colours, light fittings or carpets, a range of options are available for your selection, subject to costs adjustments where applicable.
Irrespective of your financial status or income source the recurrent charges are calculated as a percentage of the single age pension depending on the size of your new home. These are amended in line with changes in the pension each May and November.
There are no rates, strata fees, building insurance or maintenance costs to worry about, the recurrent charges take care of all of this in a single payment. Resident accounts for recurrent charges are rendered calendar monthly. Electricity and water expenses are separately metred at each residence and billed quarterly.”
No. All buildings in the village are covered by a comprehensive insurance policy which is paid for from recurrent charges. You will, however, need your own Contents Insurance.
Yes, you may have guests stay for up to 13 weeks each year in the village. Management has the discretion to extend this in cases where it may be required.
You will be responsible for any damage to the property beyond fair wear and tear. Apart from this all maintenance will be covered both inside and out and is paid for from the recurrent charges.
Because Strata Title legislation vests the ultimate control of the village property in the hands of the Council of Owners, it is much more difficult to assure village residents that the comprehensive terms of our village Contract can be maintained for the long term under Strata Title than it is with ‘Non-registered interest’ secured by the provisions of the Retirement Villages Act (1999).
Your ‘Non-registered interest’ entitlement to your home at Fairway Gardens village encompasses much more than just an entitlement to a piece of real estate. It also entitles you to ongoing benefits of the Fairway Gardens Village Contract. This clearly sets out our responsibility for the diligent and efficient management of the village for its residents, the provision of a comprehensive range of senior living services and facilities, the security of residents’ occupancy and the financial arrangements for operations of the village.
Your investment in your home at Fairway Gardens retirement village is protected under the Retirement Village Act (1999), which also secures your investment, along with that of other residents, as First Charge against the Village Title
Yes. You can certainly secure your new retirement home ‘subject to sale’ of your existing home, in fact this condition applies to most contracts we enter into. Management does reserve the right not to accept a deposit subject to the sale of another property on certain homes within Fairways Gardens that are particularly sought after.
Yes. Money is paid in three stages in securing your village home.
The first step is for you to ‘reserve’ a home of your liking on the payment of a refundable deposit of $1,000. The Reservation is normally for two weeks during which the home is taken off the market while you and your family and advisers consider the terms of the Village Contract.
At the end of two weeks the Reservation terminates with the understanding that you will:
Your third payment is made at settlement from the proceeds of the sale of your existing house sale of your existing house or completion of your Fairway Gardens home if it is still under construction at the time you pay your deposit.
This will depend on your individual circumstances. You may have a significant surplus from the changeover from your previous house to your new village home, or you may use some cash or liquidate other assets to purchase your new village home. In either event it is probable that your assessable assets will have changed with respect to your Centrelink pension and it is advisable to contact Centrelink to discuss your personal situation. Visit www.centrelink.gov.au for details.
You give us written notice of your intention to sell. NVC Group will advertise and attend to the sale. Following the sale of your Fairway Gardens home you are paid, at settlement, the purchase price paid by new residents less the accumulated amounts due for payment under the terms of your Village Contract. This is structured to ensure that you or your estate receives a benefit from any growth in the market value of your Fairway Gardens home while it was yours.
With a modern coastal façade, and high quality finishes, the well-appointed villas combine stylish open-plan designs with quality features and fittings, creating the ultimate in luxurious living.