Transition to Lifestyle & Retirement Villages
with Financial Confidence
Confidence in the Lifestyle You Want
Creating a Plan for Every Phase of your Retirement
Olive Grove Financial Advice helps you gain clarity around decisions that impact your future. Our plans are custom-made just for you, to give you confidence from retirement to aged care.
We know that choosing to move into a retirement or lifestyle village is a significant life decision.
That's why our experienced advisers are here to provide comprehensive guidance and a plan so you can be in control of your finance, both now and as things change in the future.
We Know Finance
.png)
Retirement Villages: A Simpler Way to Enjoy Your Golden Years
Finding the right place to live in retirement can feel overwhelming. Retirement villages offer a practical option that many find appealing.
Retirement villages are simply communities where you can live independently while enjoying some helpful extras and know that if something happens, you have a community around you.
Understanding the Money Side of Retirement Villages
Let's talk about how retirement villages work financially - in a way that makes sense. Retirement villages can be set up in different ways when it comes to paying for them, and it's important to understand what you're signing up for.
The most common approach is what's called a "loan-license arrangement" where you pay a lump sum upfront that's basically an interest-free loan to the village operator in exchange for your right to live there. Another option is leasehold, where you're buying the right to live in your unit for a long period (usually around 99 years) and use all the village facilities.
Some villages offer strata title, which is more like regular home ownership - you actually own your unit plus a share of the common areas, though you'll still pay ongoing village fees. And if you're not keen on making a big upfront payment, some villages offer rental options where you simply pay as you go.
Each approach has its pros and cons, and we are here to help you understand your options, and what could suit your situation now, and in the future.
Tailored Advice for Your Retirement Village Journey
We're experts in helping people understand retirement village options. We take the time to get to know your situation, making sure our advice fits what you really need. Our goal is simple: to help you make confident choices about retirement village living while making the most of your money.
We Help You Make Sense of Retirement Village Finances
Retirement Village Costs Made Simple
We get it - retirement villages have costs that can be tricky to understand. We'll help you get clear on:
-
Your upfront payment to secure your place, which can vary widely from $100,000 to over $1 million depending on where you want to live and what type of unit you choose.
-
The regular fees you'll pay for things like maintaining gardens and common areas, village management, and other services.
-
Any possible extra charges that might come up for major repairs or unexpected work around the village.
-
The exit fees (sometimes called Deferred Management Fees) that build up each year you live there.
-
Selling fees when it's time to move on.
Understanding What This Means For Your Money
We'll carefully look at how moving to a retirement village affects your overall finances:
-
How your pension might be affected by your new living arrangement.
-
Making sure you'll still have enough money on hand for other things you need after making your upfront payment.
-
Whether you can comfortably afford the ongoing fees in the long run.
-
How exit fees will affect what's left for your family later on.
-
How the costs stack up compared to staying in your current home or moving to a regular property.
We'll Handle the Paperwork For You
All those forms for Centrelink? We'll take care of them. Our team manages all the necessary documents, freeing you up to focus on planning your new lifestyle.
Support Whenever You Need It
Moving to a retirement village is a big change. We're here to support you through it all with clear, straightforward advice whenever questions come up. Olive Grove Financial Advice provides straightforward, caring advice and practical solutions.
Get in touch today to discover how we can help you move forward with confidence about your future.
Making Retirement Village Planning Easier For You
We get it - planning the financial side of retirement village living can feel like a maze. That's where we come in to help clear the path forward.
We'll work with you to create a payment plan that makes sense for your retirement village needs.
We don't just look at today - we map out different scenarios for the years ahead, like whether to keep or sell your family home, and find investment options that work specifically for your situation.
We will implement your financial structure with ease, and do the leg work for you!
The best part? Once we've figured out the right approach together, we'll roll up our sleeves and do all the hard work. We'll take care of the forms, make those time-consuming phone calls to Centrelink, and handle all the admin details that can be so frustrating.
This means you can focus on what really matters - preparing for this next chapter of your life.
You can relax knowing our team is taking care of the complicated bits, giving you clear direction every step of the way.
Your Retirement Village Decision, Made Clearer
Take the first step toward finding the right retirement village solution for your needs. Book a chat with Bill.
We take a thorough approach to helping you make your retirement village decision. We start by sitting down with you to understand what really matters - whether that's being close to family, having specific facilities nearby, what level of care you might need down the track, or working within your budget.
Before you sign anything, we'll carefully go through the contract with you in plain English, making sure you understand exactly what you're committing to financially. We create detailed financial projections that show you both the immediate and long-term impact of different village options, so you can see how each choice would really affect your finances. And importantly, we make sure your retirement village decision fits well with your bigger retirement plans and what you want to leave for your family.
Our job is to remove the confusion and help you move forward with confidence, knowing you've made a well-informed decision that works for your unique situation.
Ready to get started?
We have helped more than a thousand families plan for their
aged care and age pension.
“I engaged the services of Bill from Olive Grove Financial Advice to guide and assist a family member of mine start the transition to retirement. From the time I reached out to Olive Grove Financial Advice, the communication from Bill and his wonderful team was amazing and we were kept informed every step of the way. Bill explained and went through everything, step by step, in a way that we were able to understand. Bill is a caring, respectful and extremely knowledgeable person, who will go above and beyond for his clients. Overall we had a wonderful experience with Bill, and I would highly recommend Bill and Olive Grove Financial Advice.”
Julian
Ready to get started?
Fill in the form below, and we will be in touch shortly to find out how we can help.