Costs that make sense and represent real value

Our terms are clear and easy to understand

Understanding what’s included and what you must pay for can be bewildering with some operators. Not with Summerset. We’ve kept everything straightforward with no hidden costs, so you know exactly where you stand.

When you come to live in one of our independent homes or serviced apartments, you pay a one-off ingoing contribution in return for the lease of your home, with a low deferred management fee of up to 25% (unless otherwise agreed with you) and a weekly fee. If your home is a serviced apartment, you will also be required to purchase one of Summerset’s services packages. There are no other hidden or future costs such as marketing or refurbishment costs (other than damage beyond fair wear and tear) to worry about. The only other costs you will incur are your own living costs, costs for individual services that we may provide to you, and costs associated with transferring to a different home at Summerset (which may include a transfer administration fee and the cost of the ingoing contribution for the new home). Your weekly fee will increase each year by the increase in CPI*.

This is what you get for your fees:

• A gorgeous modern home

• Stunning resort-style facilities once the village centre is open

• Invitations to events, outings and happy hour

• The opportunity to become part of our vibrant community

• The comfort of knowing your property is secure

• Financial surety — you know exactly what you’re getting

• Peace of mind knowing care facilities are onsite once the care home is open

• Freedom from worry about maintaining your home — we’ll do all this for you**

• Staff who are onsite and available 24/7 once the care home is complete

• Assistance with gardening on a six monthly basis

• Priority transfer on availability (subject to entry criteria)

Our cost model has three parts:

1 Before you move in

You pay:

• A deposit of $3,000

• Your ingoing contribution

2 While you’re living in the village

You pay:

• A weekly fee

• Fees for extra services or packages (including a service package fee if your home is a serviced apartment)

• Your own personal contents insurance, power, water, rates,*** internet and phone bills

3 When you leave

You receive:

• Your repayment sum, which is the ingoing contribution you paid when you moved in, less the deferred management fee and any outstanding charges

If you decide that a Summerset life is not for you, you can activate your Summerset Sure guarantee. This means if you decide 90 days after moving into your Summerset independent living home or serviced apartment that Summerset isn’t right for you, we’ll refund your ingoing contribution without deducting the deferred management fee (some conditions apply).