Ingoing contribution at Anchor Point Village.
Anchor Point Village is operated on a Loan Lease agreement which means that you make a loan to Anchor Point that is similar to a purchase price of the unit and the Village then grants you a long term lease on the unit of your choice.
Anchor Point will charge you a management fee on the lease which covers things such as council rates, building insurance and clubhouse facilities. You are also responsible for your water, elctricity and telephone useage charges. For a more comprehensive list of items covered by the management fee please contact our showroom on 03 5559 8299.
We advise discussing the Anchor Point proposal with your legal or financial advisor.
Are there any Deferred Management Fees (DMF's)?
As is the case with almost all Retirement Villages across Australia whether purchased under a loan lease arrangement or in some other fashion, there is invariably a cost that is payable when a resident leaves the Village. Anchor Point is no different in this instance.
In reality the cost of your initial purchase into the Village is kept to a minimum so as to keep with the philosophy of making resort style retirement living affordable at Anchor Point. The flow on effect requires that to enable financial stability and on going capital improvements and maintenance of the facility and the business the DMF's are used to benefit all residents and users of the Village.
To understand the calculations better please contact us for more information and also discuss this with your family and trusted legal and or financial advisor.