No, but you can include your apartment in your assets and after its sale the proceeds can be distributed to your beneficiaries as per your wishes.
Yes, you can sell at any time. Aura Holdings’ sales consultants will sell your apartment on your behalf. Unlike some other villages, you will benefit from the capital gain on your apartment when you sell.
You will be responsible for normal services in your apartment such as electricity, phone and internet, and contents insurance.
It’s the lifestyle, support, security and facilities that make all the difference in the village. You won’t be sharing your space with renters and Airbnb holidaymakers as you might in a regular residential complex. Aura is responsible for all capital replacement and does not charge residents for reinstatement or refurbishment at the time of resale. Owners of residential apartments must pay all capital and capital replacement costs.
These charges will rise over time as the costs of services and statutory fees increase. Aura, as the operator, is conscious of residents’ cost of living expenses so strives to deliver best value for money outcomes for them. Residents are also protected under the Qld Retirement Village Act which regulates any increases above CPI that are not statutory-based costs eg council rates. All non-statutory charges above CPI must be voted on by village residents.
This fee covers the cost of village staff, the maintenance of all common areas, plus your use and maintenance of the village facilities. It also includes building insurance, 24-hour emergency call response, council rates and water used around the village. (You will pay separately for the metered water you use in your own apartment.) Under legislation, retirement village operators may not profit from the General Service Charge.
The General Service Charge ranges between our villages. Fees are calculated by apartment size and not on the number of occupants. Please check with your sales consultant for current information about these charges.
With leasehold you won’t pay stamp duty on your purchase and Aura Holdings, as the operator, is responsible for maintaining your apartment inside and out.
You purchase a “right to reside” under a leasehold agreement overseen by the Retirement Villages Act 1999 (Qld). Your leasehold agreement will give you the right to live in your apartment for as long as you wish. The lease automatically terminates on the death of the surviving resident or when the apartment is sold.
Our villages are owned and operated by experienced southeast Queensland-based company, Aura Holdings. The Directors Mark Taylor and Tim Russell have more than 35 years’ experience working within the retirement living industry. Learn more about Aura Holdings.
No. Our residents are all owner-occupiers.
Yes. All our villages are fitted with intercoms, while carparks have electronic remote controls. There are security features at all building entrances. Your Village Manager will ensure your home is safe, even when you are travelling.
You may stay in your village for as long as you wish, after all it is your home. If your needs increase over time, our in-home support provider, Five Good Friends, can help to keep you living independently. With the right support, you may never need to move. Click here to read our blog and find more information.
Your contract is legislated under the Retirement Villages Act and provides you with security of tenure under Queensland Government legislation and is registered with the Queensland Land Titles Office. This ensures all services and amenities in your contract will always be available to you and that the village continues to be maintained to the highest standards.
Under the contract, Aura Holdings has a long-term financial interest in the continuing success of the villages. Aura, as owner, is obliged to maintain the highest of standards in the provision of facilities and services to maximise the reputation of the villages and protect their equity.
You should take any concerns directly to your Village Manager. If they are unable to solve any issue to your satisfaction, the village will have a Residents’ Committee. Our Directors are always available and have an open-door policy.