Entering a Retirement Village raises a number of important questions and we have tried to summarise the most common ones in an attempt to assist you in your planning.

Independent Living Unit Questions

How much does it cost to buy a Unit?
This is dependent on the prices at the time of sale and on the market pressures in the greater community. For an accurate figure at the time of interest, please contact us. Units are not sold on a freehold title, but on a Licence to Occupy. The resident never has title to the Unit and therefore never owns the unit.

How much does it cost when I terminate the Licence?
Residents pay a 25% exit fee based on the ingoing contribution calculated over 6 years. We do not share in capital gain.

What does it cost each month for fees?
Unit residents pay between $298 - $335 per month depending on the size of their unit. (for the 2009-2010 financial year)

Do I need to worry about maintenance?
No, we cover all maintenance costs in the monthly General Service Fees.

What about having visitors come and stay?
Visitors are welcome to stay and are subject to any by-laws in place at the time.

For more information, please refer to our Public Information Document and our Resident Licence Agreement

Residential Care Questions:

Many of the most commonly asked questions are answered in our Resident Handbook.   However, here are a few of the most pertinent questions which we are often asked:

What is a bond?
A bond is like a no interest loan or a refundable deposit paid by a resident with assets to the care provider who uses it for capital development. There are mandatory requirements for residents to declare their assets and for more information, please see the link to Dept web site

Does my family get the bond back when I die?
Bonds are amortized at $299 per month (or part therof) over the first 60 months of an agreement and the balance of this is refunded to the estate upon the termination of the licence agreement.

What do I need to apply for care?

You will need three things:

• A completed Application Form with all the information fields complete. Should your application form be incomplete, your application form, together with any supporting information will be returned to you with a letter advising you of the information you need to complete the application.
  
  
• A current Aged Care Assessment. Please contact your doctor who will arrange for the Aged Care Assessment Team to complete the assessment. Please be aware that these assessments remain current for 12 months and it is your responsibility to ensure that you keep the assessment current.
  
  
• A completed Asset Assessment using the Government form “Request for an Asset Assessment” available from CentreLink. Please note that these assessments vary in the length of time that they remain current, from 6 weeks to 12 months. It is your responsibility to ensure that you reapply for a new assessment prior to your current assessment expiring. We cannot offer a placement with an incomplete or out of date application.

What happens if I have no assets?
We do not discriminate against those who have no assets and operate our facility with a 40% concessional ratio.

Further questions may be answered by checking the Aged Care Queensland Web site www.acqi.org.au or the Department of Health and Aging web site.