We recommend that you visit a number of villages and talk to the residents and staff as well as discussing the choices with family, friends and advisors.
Whilst there are many different financial, legal and physical aspects to investigate between different villages in one essential way choosing a retirement village is no different from choosing your previous homes; that sixth sense that tells you where you feel most at ease.
We are confident you will choose Greenways.
You receive a Lifetime Lease to live in your unit or apartment for life or until you choose to move out.
Your tenure is secured under your Lifetime Lease, (the most common legal structure for entry to a Retirement Village in Victoria), and government legislation, the Retirement Villages Act 1986. Greenways Village is also listed on the Consumer Affairs Victoria retirement villages register.
It takes three to four months from the date you select your home. In that time you will sell and settle on your home, and we will renovate your unit to your specifications.
A comparable strata unit:
A leased unit at Greenways:
And…
Indicative prices are included on this web site but the Manager can provide you with a current price list and details of what units are available.
At Greenways we aim to keep the ingoing cost below other comparable villages. In addition, there is no stamp duty and the one-off legal fee is minimal.
But it is not only the ingoing cost that you need to consider when comparing different villages. The ongoing commitment and refund on departure are equally important.
Once you have selected a couple of villages where the location, amenities and accommodation suit you, the financial choice will usually be either...
A) a higher ingoing cost and ongoing commitment,
B) less money left in your pocket; but
C) a higher refund on departure.
Or
A) a lower ingoing cost and ongoing commitment,
B) more money left in your pocket; but
C) a lower refund on departure.
At Greenways we have adopted the latter regime with the aim of providing certainty as to your total commitment over the whole of your time at the village and leaving as much money as possible in your hands for your retirement.
None. Stamp Duty does not apply at Greenways.
Your accommodation is fully renovated before you move in to Greenways. The cost of these works is met by the Owners of the village. All maintenance, both inside and outside, to your unit or apartment, is the responsibility of Greenways.
A weekly maintenance charge [reviewed annually generally in line with CPI) is paid fortnightly in advance by all residents. For convenience and security this payment is be made via a direct bank debit.
It includes:
Your outgoings are known and there are no costly surprises at Greenways.
Maintenance fees are paid fortnightly by direct debit from your account.
Increases in the Maintenance Fee are regulated by the Retirement Villages Act. They are determined each year in consultation with the residents. Management prepares a budget in consultation with the Residents Committee, and annual accounts and budgets are presented to residents each year.
No. Council rates are included in your Maintenance Fee, which also covers other outgoings such as maintenance, staff costs, building and public liability insurance and gardening.
You are responsible for normal services to your home such as gas, electricity, telecommunications and contents insurance.
Generally speaking, yes, provided you first obtain the written consent of the Manager.
Yes. There are a number of General Practitioners, specialists and hospitals located close to Greenways. A General Practitioner visits Greenways regularly.
Yes. It is monitored 24 hours a day, 7 days a week by our own staff.
Yes, meals are available. Greenways has a Dining Room that provides lunches and dinners and special occasion dinners.
You have a choice. Our gardeners mow all the lawns and will look after your garden. However, if you enjoy gardening, can look after your own garden.
We recognise that pets are an important part of your lives. So, yes, small house pets are most welcome.
Yes, most certainly. It’s your home, and you’re more than welcome to have guests stay and enjoy the facilities with you. We do ask that you seek management permission if they’ll be staying with you for more than six weeks, both as a safety and courtesy measure.
Disputes are extremely rare at Greenways. However, there is a process in place for disputes to be referred to Consumer Affairs Victoria or dealt with, at the option of the resident, under the village dispute resolution procedure. The internal dispute resolution procedure is available from the Manger. Consumer Affairs Victoria may be contacted at:
Consumer Affairs Victoria,
Level 2, 452 Flinders Street,
Melbourne Victoria 3000
Telephone 1300 55 81 81 (local call charge)
Email: consumer@justice.vic.gov.au
Website: www.consumer.vic.gov.au
Proceeds from the resale of your accommodation is paid to your Estate. Your Will can then specify the disbursement of funds in your estate.
