Fees and Charges
The Purchase price is known as an “Ingoing Contribution”. A resident pays an ingoing contribution to secure a Licence for right to reside in the retirement village.
The current Ingoing Contribution of a unit is $175,000.00. Warrina Innisfail reserves the right at any time and without notice to review the Ingoing Contribution on all available units. No capital gain options are offered.
A minimum deposit of 10% of the Ingoing Contribution to secure a unit may be required on signing the Residence Contract and Loan Agreement.
GENERAL SERVICE FEES
Residents pay a weekly General Service charged – As of 1st July 2020 this amounted to $120.61 per week consisting of: General Service Fee – $97.86 Maintenance Reserve Fee – $22.75. Weekly fees cover: – Management and staff costs – Rates and water usage – General insurance on units and facilities (excluding personal contents insurance) – Community electricity accounts – Repairs and maintenance to units – 24 hours monitored emergency call system – Maintenance of gardens and grounds – Contribution to the maintenance reserve fund
- Additional Electrical White goods i.e., air conditioner, dryer, deep freezer, second refrigerator – (1 – $3.57; 2 – $7.14; 3 – $10.71)
- The Village’s maintenance and grounds staff take care of all external maintenance.
Maintenance of village capital items including the internals of resident units is provided by staff or external contractors.
It is the residents’ responsibility to maintain resident owned items, furniture and personal effects.