In May 2015, Aveo launched a new retirement village contract called ‘The Aveo Way’.

You can watch The Aveo Way Intro Video on YouTube here.

Here are the major points:

Deferred Management Fee

Your 35% DMF is incurred over your first 3 years in the village as follows:

Year 1: 7%
Year 2: 14%
Year 3: 14%

Monthly Village Fee

Your monthly village fee is charged according to the Retirement Villages Act. Aveo do not profit from this fee. However, Aveo are now subsidising these fees.

Retirement village operator, Aveo, has been accused of pressuring residents over redevelopment plans.

The village in question is a 75 villa retirement village in Free Street, Newmarket, Brisbane.

Aveo have started discussions with residents about their desire to replace the 75 villa retirement village with a 300 unit multi-storey development.

RETIREMENT VILLAGES MELBOURNE
How to get the best possible deal on a retirement village home in Melbourne and how to avoid making one common mistake that could cost you thousands!

Retirement Villages Melbourne is the most popular search in google when people search for retirement villages in a particular city or state.

Comparing Village Retirement Communities in Victoria is getting easier!
Village Retirement Communities in NSW

Last week retirementvillageinfo.com.au posted an article outlining some positive legislative changes that were happening in NSW. The article was entitled Retirement Villages Regulation (NSW). The basis of that article was that in October 2013 three new mandatory documents come into effect.