FAQs
What is retirement living?
Retirement living refers to housing designed for older adults, usually over 65. In Australia the average age of residents in retirement living is 81 years of age with an entry age of 75 years of age (Source: PwC/Property Council Retirement Census).
Retirement living or independent living communities are often apartment-style accommodations, low maintenance homes or townhouses. Residents maintain the convenience of living independently while enjoying the benefits of scheduled group activities and access to amenities and services that can make day-to-day life easier and more enjoyable.
Retirement Living at Benevolent on West will be the complete health and wellness solution for seniors as they age. They will be the perfect option for those who want to down size but don't want to compromise their independence and the freedom of choice and lifestyle.
What is the difference between retirement living and aged care?
The main difference between retirement living and aged care is the level of care provided to residents. Aged care residents have 24/7 access to personal and clinical carers as well as domestic assistance with cleaning and catering teams.
Retirement living means living independently behind your own front door with the choice and flexibility to have visiting services – either through a government provided homecare package or fee for service provider– when and if you need it.
The focus of retirement living is being in a specially designed apartment to age in place within a community that helps you maintain an active and social lifestyle.
How much does retirement living cost?
When moving into a retirement living community it is important to understand the costs associated. Here are a few key industry terms you may encounter around payment options for retirement living:
Moving in
When you move in to Benevolent on West you will pay a one-time payment to secure the apartment of your choice [subject to availability]. This can sometimes be referred to as an incoming contribution or purchase price and gives you the right to reside in your apartment.
Living in
When you are living in your apartment you will pay a fortnightly service fee. This fee contributes to the day-to-day life in the community including your community amenities, social activities, facility maintenance, administration rates and community staff.
Moving out
When you depart your apartment you pay a management fee, called an Exit Fee or Deferred Management Fee (DMF) that allows you to benefit from your choice of lifestyle while you are in your home. This fee is how we ensure the continued viability of the community by being able to make capital improvements, improve community infrastructure and provide ongoing support to the community financially, for generations to come.
Flexible options
We understand that everyone has a unique situation and different reason for moving into retirement living. Please speak with our friendly sales team to discuss flexible pricing options.