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Understanding Retirement Village Costs at Anglicare 

Retirement living is first and foremost a lifestyle decision, but understanding retirement village costs and fees is an essential part of choosing the right home for your next chapter. 

There are many reasons to choose Anglicare when you make the move to retirement living. As the operator of the village, one of our commitments is to be clear and up front about the costs involved  — from your ingoing contribution through to any recurrent or departure fees. 

Every Anglicare village operates under a village contract that sets out exactly what you'll pay, and when. Depending on the retirement village you choose, you may have a choice of payment models — from our traditional Deferred Management Fee (DMF) structure, which offers flexibility with a percentage-based departure fee, through to our Village Membership model, which gives residents a fixed one-off fee, no departure fee, and fortnightly recurrent charges that never change. Whichever option suits your circumstances, our team will walk you through the details so you can choose with confidence. 

 

How Retirement Living Costs Work

Common terms 

Term Meaning
Resident You, or the person living in the retirement village. 
Operator Anglicare, as the operator and manager of the retirement village.
Village Contract  Your retirement village agreement. 

Types of costs

Anglicare is regulated by the Retirement Villages Act 1999 (NSW) and the Retirement Villages Regulation 2025 (NSW). As the operator of the retirement village, we will give you clear information about your rights, how to enter a village contract and how to end one.
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Your ingoing costs
Your Anglicare retirement village operates under a loan licence agreement, which gives you the exclusive right to occupy your new home without having to legally own it. That means you will not have to pay stamp duty or any other taxes. When you first move to the retirement village, you will be asked to pay an ingoing contribution which secures you the right to live there. While this fee will be partly refunded to you when you leave (minus your outgoing costs), 6% of your payment is non-refundable. The total amount that will be deducted from your initial contribution will be clearly stated in your contract, up front.
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Your ongoing costs
It takes a village! All residents contribute to the overall costs of maintaining and operating the village, while Anglicare, as the operator, is responsible for managing the community and its shared services. These ongoing charges (also called recurrent charges) are reviewed annually by Anglicare. Recurrent charges cover expenses such as maintenance of your home (inside and outside), water and council land rates, building insurance, maintenance of common areas and gardens, rubbish removal, emergency call service, upkeep of village facilities and staff wages. It’s a small cost to pay when it means you can spend all your spare time enjoying the retirement you’ve worked so hard for!
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Your outgoing costs
You will have to pay a departure fee when you leave the village. This departure fee is often called a ‘Deferred Management Fee’ or ‘Exit Fee’. Your Deferred Management Fee (DMF) is calculated as a percentage of the sale price multiplied by the number of years you’ve lived in the village. Unlike many of our competitors, Anglicare offers you a choice of three different DMF models, 10%, 30% and 50%, giving you the ability to plan ahead and choose the one that best suits your budget*.
 
When you leave the retirement village, you will not be responsible for ‘selling’ your unit – we take care of all the administrative work, cleaning and routine renovating for you. Nor will you have ongoing fees or recurrent charges to worry about once you return your keys.
 
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Frequently asked questions:

*Excludes Woolooware Shores and Anglicare Castle Hill Villages (Mowll Village, Warrina Village) which operate under a Village membership model.

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Anglicare acknowledges Aboriginal and Torres Strait Islander peoples as the original and ongoing custodians of the lands and waters on which we live and work.

Inspired by the gospel of reconciliation in Jesus Christ, Anglicare's vision for reconciliation is a nation in which Australia's First Peoples are restored in dignity, respect, empowerment and opportunity.