Our staff are able to assist you as much or as little as you need as discreetly and unobtrusively as we can.

A range of Basic Services are provided for you with a weekly recurrent charge. This charge covers your access to all common areas, maintenance of those areas, gardening of common areas, provision of a personal security system to each residence, staff on site during set hours Monday to Friday, all property insurance, council rates, water rates and costs of the village bus. You are responsible for your telephone, electricity and contents insurance. You may choose to look after the gardens in your private courtyard or pay a little extra for our maintenance team to tend it for you.

Staff are happy to assist you with any enquiry. While initial advice is always part of the service you may be charged on a user pays basis for additional services we arrange for you. We are happy to attend to any reasonable request including:

• Arranging events at the village
• Referring you to tradesmen
• Referring you to a range of local businesses
• Arranging housekeeping
• Organising meals
• Arranging transport to appointments
  

When considering moving to a development such as The Grange at Berry it is vitally important to consider the calibre of the people behind it.

The directors of The Grange Estates (NSW) Pty Limited cut their teeth in the retirement village industry with two projects at Cromer on Sydney’s northern beaches. The first was a 38 villa addition to Willandra Village, arguably the most highly regarded village in the area. This was followed the award winning sister village known as Willandra Bungalows*. This 90 villa community bears many resemblances to The Grange at Berry and has proven very popular with residents.

The two Cromer projects were managed by Residential Lifestyle Services Pty Limited, the most respected retirement village management company in New South Wales. At the time this group managed over 1,300 retirement units at 10 locations and was heavily involved in consulting to government and industry.

Following the sale of their business to Australian Unity in 2003 the three principal directors of Residential Lifestyle Services established Vision Lifestyle Projects Pty Limited, a business focused on providing high level support to modern lifestyle developments. This company has been retained to oversee the development of the operating structures for The Grange at Berry. Their oversight will complete an extremely strong team. They are also involved with villages at Hunters Hill and Toukley as well as being consultants to numerous other retirement lifestyle operators.

Most importantly, the directors of Grange Estates (NSW) Pty Limited have a personal interest in the long term success of The Grange at Berry. This will ensure that senior executive level support is close at hand at all times to ensure resident’s expectations are met and exceeded, something not always provided by larger operators.

* Willandra Bungalows was awarded the Housing Industry Association Award in 2002,  a feat now matched by The Grange at Berry in 2006.

The ability to access Community Services or Residential Aged Care Services should they need them is very important to many residents.

It is important to understand that every person within the community has equal rights to access such services. This is the case irrespective of whether you live in a private home, in a retirement village including residential care facilities or a retirement village with residential care facilities.

An essential part of the service provided by The Grange at Berry is that we are available to help residents access whatever services they require. We stay abreast of the services that are available and act as a broker where a resident has specific requirements. We are there to help you through the red tape and find the best solutions.

Community Services can be provided in your retirement villa just as if you were living in a private home. Most people prefer to remain in their own villa and increase the services coming to them rather than move to a residential care facility.

If a resident needs to move to Residential Care we can assist with that process by liaising with local providers. It is important to understand that even though a residential care facility may be situated within a retirement village the operators of that village are not permitted to grant residents of their retirement village priority of access over other members of the community. In fact only a small proportion of the population lives within a residential care facility at any one time so it would not be possible for a facility to be filled with residents only from its retirement village.

When you live at The Grange at Berry you can feel secure in the knowledge that you have the best of both worlds living in a dynamic, active environment while being able to easily access any additional services you may need later.

The departure fee is an amount of the capital value retained by the manager of the village when each unit is sold. This fee is used by the manager to:

• Subsidise the operations of the village
• Contribute to capital maintenance of the village
• Contribute to replacement of capital items such as roads, community centre and buildings
• Find the villages ongoing marketing programs and all sales related costs
• Fund the corporate costs of the operator’s business (legal, accounting etc.)
• Pay for membership of the Retirement Villages Association
• Earn a profit for operating the village

The Departure fee is calculated on the original purchase price of the unit and the amount of years the unit is occupied. A percentage of the capital gain is also retained.

You will also need to consider the Usual Additional Expenses such as Agents Commission, Legal Fees etc. apply on resale.

All fees are outlined in detail in the Disclosure Statement provided to prospective residents.

Below is an example of departure fees calculated on a unit with an original purchase price of $450,000.00 and an estimated capital gain of 3% per annum.

Years of Occupancy	Estimated Gross Sale Price	Departure Fee Percentage of Original Purchase Price	Departure Fee Retained	50% of Capital Gain Retained	Net Sale Price	% of Original Purchase Price
1	$463,500	2.5%	$11,250	$6,750	$445,500	99%
2	$477,405	5.0%	$22,500	$13,703	$441,203	98%
3	$491,727	7.5%	$33,750	$20,864	$437,114	97%
4	$506,479	10.0%	$45,000	$28,239	$433,239	96%
5	$521,673	12.5%	$56,250	$35,837	$429,587	95%
6	$537,324	15.0%	$67,500	$43,662	$426,162	95%
7	$553,443	17.5%	$78,750	$51,722	$422,972	94%
8	$570,047	20.0%	$90,000	$60,023	$420,023	93%
9	$587,148	22.5%	$101,250	$68,574	$417,324	93%
10	$604,762	25.0%	$112,500	$77,381	$414,881	92%
11	$622,905	25.0%	$112,500	$86,453	$423,953	94%
12	$641,592	25.0%	$112,500	$95,796	$433,296	96%
13	$660,840	25.0%	$112,500	$105,420	$442,920	98%
14	$680,665	25.0%	$112,500	$115,333	$452,833	101%
15	$701,085	25.0%	$112,500	$125,543	$463,043	103%
16	$722,118	25.0%	$112,500	$136,059	$473,559	105%
17	$743,781	25.0%	$112,500	$146,891	$484,391	108%
18	$766,095	25.0%	$112,500	$158,047	$495,547	110%
19	$789,078	25.0%	$112,500	$169,539	$507,039	113%
20	Q: I've heard that there are benefits to entering into a long term lease rather then a Strata Title. Would you explain? The major advantage for a resident in a Leasehold Title retirement village is that the operator has a long-term financial interest in the continuing success of the village. The operator is therefore obliged to achieve and maintain high standards in the provision of facilities and services to maximise the reputation of the village and ensure the resident’s and operator’s equity is maintained. The operator of a leasehold village is the party bound to provide the services, facilities and maintenance. In a Strata Title village, the body corporate must enter into a service agreement with a management company for the maintenance and the provision of services. Problems can arise when the interests of the body corporate and the village are in conflict. You’ll have none of these problems under our arrangement. The rights and obligations of residents are clearly set out in the lease, and cannot be changed without your consent. Strata Title residents are subject to the whims of the body corporate at the time, who may impose regulations or abrogate rights from time to time, which may be done with or without your consent. Continuity of management is ensured by leasehold. However residents of a leasehold village need not be concerned with management issues and village infrastructure if they do not wish. A reason for entering a retirement village may be the desire for less involvement in domestic management. Residents have a right to choose their agent of choice when it comes time to sell. A resident can use a licensed real estate agent of their choice or appoint a local real estate agent. Generally, leasehold documentation is simpler than Strata Title. Security of tenure is guaranteed by registration of the leasehold interest at Land & Property Information (NSW) or Department of Natural Resources (Qld). All in all, Leasehold Title is much simpler to apply and understand in comparison to other forms of tenure. The costs associated with Leasehold Title are less, which are reflected in the low management costs payable in the residents’ recurrent charges. Q: Is it true that I wont need to pay stamp duty on entering into a long term lease on a unit? One of the benefits of securing tenure of a residence by way of a long term lease rather than purchasing it is that there is a significant saving in stamp duty. This table provides an estimate of the amount of this saving for villas of differing values. Please note that these figures are provided for information purposes only and are not binding. Stamp duty calculation methods may change from time to time. Final stamp duty calculations will be confirmed by The Grange’s solicitors upon registration. Amount Paid for Villa $425,000 $450,000 $475,000 $500,000 $525,000 Estimated Total Duty Payable for Lease $0 $0 $0 $0 $0 Estimated Total Duty for Comparable Residential Property $14,615 $15,740 $16,865 $17,990 $19,115 Instance Owner: operations support

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