Moving into the Emmaus Retirement Village community has been a fantastic decision. The staff are kind and always ready to help, the facilities are great, and there’s plenty to keep us active and social. I feel safe and comfortable.
The financial side and what you need to know
Moving into a retirement village is about more than just choosing a new home. It’s a decision that offers a lifestyle change, greater independence, connection, and peace of mind. At Catholic Healthcare, we understand that financial clarity is an important part of that journey.
Knowing what to expect from the financial side of retirement living can help you or your loved one feel more confident and supported in planning ahead. This guide outlines the key costs involved, available support, and practical ways to manage your expenses.
Understanding retirement village costs
When considering a retirement village, it helps to break things down into three main cost areas:
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Entry (ingoing) costs
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Ongoing fees
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Exit (outgoing) costs
Let’s take a closer look at what’s involved.
Ingoing contribution (entry cost)
This is the upfront payment that secures your place in one of our vibrant retirement living communities. This is structured as a loan licence agreement, giving you the right to live in your unit and enjoy all village amenities.
For example, if you move into a two-bedroom unit with an ingoing contribution of $800,000, this payment is made at the time of entry.
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Good news: No stamp duty applies to this payment.
- Your choice of residence is secured by an initial refundable deposit of $1,000 and a $5,000 contract deposit. After you move in, it is also important to note that at anytime up until 90 days you have the right to change your mind and will receive all the monies back including deposits. We will charge you fair market rent for your stay with us.
- We understand that it takes time to prepare your existing home for market and to finalise the sale, that’s why we are flexible and give you 12 weeks from the date you sign your contract to settle and move into the village. We can also extend this time frame if necessary.
Ongoing fees
Moving into a Catholic Healthcare village means that you will pay a monthly fee (recurrent charge) that will cover most of your regular bills. The bills covered include:
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Building maintenance and gardening
- Water rates
- Relevant village insurance
- Cleaning of all communal spaces and amenities
- 24-hour emergency monitoring system
- Council rates (if applicable)
- Electricity and gas for communal spaces
Recurrent charges vary in each of our villages and reflect the actual operating costs of the village—Catholic Healthcare does not benefit from the recurrent charges.
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You’ll receive a clear breakdown upfront
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Fees are reviewed each year in consultation with residents
This ensures our villages stay beautifully maintained and welcoming, giving you peace of mind as you settle into your new home.
Outgoing costs (deferred management fee)
When you decide to leave the village, a deferred management fee (DMF) will apply.
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At Catholic Healthcare, the DMF is capped at 30% of your original ingoing contribution.
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It’s accrued over five years at 6% per year. Therefore after 5+ years you only ever have to pay the 30%. If you choose to only stay for 3 years you would only be required to pay 18%.
- It is important to note, DMF is calculated from the original purchase price and not the price that we on-sell it for. This is important to check when comparing other villages.
Example:
Based on staying in the village for 5+ years your ingoing contribution of $800,000, would calculate the maximum DMF. Catholic Healthcare would retain $240,000 refunding you the balance of $560,000.
Once your residence is sold or within six months of vacating (whichever comes first), you or your estate will receive the balance — less 42 days of recurrent charges. At Catholic Healthcare, there are no extra costs for refurbishment or sales — simply return the keys, and we take care of the rest.
Are there other costs to consider?
There are no additional costs at Catholic Healthcare however it is good to be aware upfront and compare each village as they are all different.
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No reinstatement or refurbishment of the unit when you leave (fair wear and tear)
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No sales and administration fees related to re-licensing the unit
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Optional services or lifestyle activities outside the General Service Fee may apply
All of these will be clearly outlined in your agreement. And we always encourage you to ask questions and seek independent legal and financial advice before signing.
Can government support help?
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Home Care Packages (soon transitioning to the Support at Home Program) – Government-subsidised care services, like personal care, transport, and domestic help
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State-based concessions – Discounts on utilities, rates, or public transport (depending on your eligibility and location)
This support can help you stay independent longer while managing your expenses more easily.
Tips for managing retirement living costs
Here are some handy tips to help you plan with confidence:
✅ Understand your agreement – Know how entry, ongoing, and exit fees work
✅ Consider future care needs – Check if your village connects with home care or aged care
✅ Ask what's included – Clarify exactly what the General Service Fee covers
✅ Seek expert advice – A financial adviser or solicitor experienced in retirement living can help you make fully informed decisions
Your retirement living journey starts here
So, how much do retirement villages cost? It depends on a range of factors, from the location and size of the unit, to the amenities, services and support available. But with transparent information and trusted guidance, planning your next chapter doesn’t have to be overwhelming.
At Catholic Healthcare, we’re here to support you every step of the way. Whether you’re exploring your options or ready to make the move, our team is available to answer questions and help you feel confident about your retirement living journey.
Enquire about retirement living costs
Find retirement communities near you
Residents can choose from 8 different retirement villages and 4 seniors rental communities across New South Wales, ranging in size, style and price.
All of our communities offer high-quality facilities in warm, friendly welcoming environments where residents are sure to feel right at home.
Hear from our residents and families
Margaret T.
Resident
Seeing Mum so happy and well cared for has been such a relief. Communication has been great, and I know she’s in safe hands. She’s made new friends and we couldn’t be happier with the choice we made.
James R.
Family
It’s a great place to work because the staff are valued, and we all share the same goal—providing the best care for residents. The team is supportive, and management ensures we have everything we need to do our jobs well.
Emma S.
Employee
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Acknowledgement of Country
Catholic Healthcare acknowledges the Traditional Custodians of the lands on which we live, work, and care. We pay our respects to Elders past and present, and honour the enduring connection of Aboriginal and Torres Strait Islander peoples to Country.