Retirement Village Cost Calculator
Full Cost Breakdown
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Understanding Retirement Village Costs
Retirement villages typically involve three main cost components — an entry price, ongoing fees and an exit fee (deferred management fee).
The Deferred Management Fee (DMF)
The DMF is the most important cost to understand. It is paid when you leave and is typically calculated as a percentage of either your entry price or your resale price, multiplied by the number of years you lived there. Always establish exactly how your DMF is calculated before signing.
What Ongoing Fees Cover
Weekly or monthly site fees cover maintenance of common areas, management, utilities for common areas, and village services and activities. They do not cover your personal utility costs within your unit.
Estimates only. Retirement village contracts vary significantly. Always get independent legal advice before signing.