No, you would need to budget a further amount as detailed in the panel below.

Weekly levies cover the cost of home insurance, village management salaries, grounds staff, lawn cutting, staffing of the 24 hour emergency systems, general community centre, pool, greens, gardens and equipment maintenance.

There is no stamp duty payable with a “ whole of Life Residency Agreement “ however you will be required to pay documentation costs and weekly levies, one quarter in advance at settlement. See panel below.

Documentation Costs = $300.00
Quarterly Payment of Weekly Levy = $643.63 (insurance value variable subject to unit entitleement)

As the low weekly levy can only cover the day to day running costs of the village, it is necessary to reserve additional sinking funds for the more significant longer term wear and tear expenses of resident’s homes, facilities, and estate environs.

These deductions are referred to as refurbishment & facility fees.

These fees are only applied upon resale of the resident’s home. As Belswan Lifestyle Villages are capital growth villages (where property values are determined by market force and comparative sales of the day) by instruction or demise, the resident’s home would be appraised for the value of the day and re-sold. This calculus would then be applied to current value of the day to determine the fees payable.

There would also be a cost of sales, and to assist you in understanding these calculations and net refunds to residents, please refer to the example shown in the section entitled "Asset Growth Estate Values" on the page entitled "All You Need to Know".

Yes, and any visitor/s for a period not exceeding 10 weeks at any one time.

Yes, small pets are permitted so long as they remain on leash in the estate's grounds and do not cause any loss of amenity to neighbouring residents in the estate. Doggy bags have been provided on walking tracks, and it will be the owner's responsibility to clean up after their pet on all parkland or common areas.

Yes (subject to availability), secure bay storage areas have been provided at either end of the village and these have been included as an amenity of the village without additional charge.

Yes you can, this is your home, however please understand that standards of trade skills vary and we may need to professionally reinstate walls and the like as and when the home needs to be re-sold.

Yes you can, in so far as those plantings do not interfere with estate services, safety, or your neighbour’s general amenity. When proceeding to purchase, please be sure to read specific details of this matter outlined in Whole of Life Residency Agreements sections 6:1 through to 6.31.