(02) 4571 4545

NEWS & RESOURCES

Latest News

Dream Villa in Prime Position

Dream Villa in Prime Position

PRIVACY MEETS PRIME POSITION FOR THIS VILLA  This is a fantastic villa in a prime position close to the Community Centre.  The elegant hallway leads you into an open plan kitchen living area with double sliding doors onto the garden. With 2 bedrooms and 2 bathrooms...

read more
Fabulous 2 Bed Unit Available

Fabulous 2 Bed Unit Available

DOWNSIZE IN STYLE - DON'T MISS THIS BEAUTY A beautiful, spacious 2 bedroom unit  has recently become available at Riverside Gardens.  Located in the highly sought after boutique block of six units with an internal lift, this apartment is in excellent...

read more
Hidden Talent

Hidden Talent

RIVERSIDE GARDENS HAS TALENT! The October monthly morning tea proved to be a great time .  New resident Jules delighted everyone with her renditions of Chris Isaacs  Nina Simone and other blues singers  She is a great guitar player and has a beautiful voice for...

read more
Melbourne Cup Festivities

Melbourne Cup Festivities

Residents enjoyed a get together to watch the 2019 Melbourne Cup. Best Ladies Hat/Fascinator drew a tie First Place  Caroline and Lorraine were thrilled with their bottles of liquid refreshment and Lionel was startled in the limelight when his hat won him a prize too....

read more
Riverside Times – October Issue

Riverside Times – October Issue

We hope you enjoy another entertaining read of 'Riverside Times', the village newsletter, issued quarterly and written by our talented Residents. OCTOBER 2019 EDITION.   

read more
Don’t Miss This 3 Bed Villa

Don’t Miss This 3 Bed Villa

DOWNSIZE IN STYLE - DON'T MISS THIS BEAUTY This beautiful, recently renovated duplex villa is situated in the heart of the village with light drenched rooms.    A 3 bed, 1.5 bathroom and lock up garage with an open plan design and appointed with high quality finishes...

read more

Resources

Step by Step Guide 

If you would like to find out more about Riverside Gardens, simply make an enquiry and we will guide you through the next steps.

1. Make an Enquiry Today

Get in touch today to hear more and arrange a tour of Riverside Gardens. Patricia Campbell, the Village Manager will be able to help answer any questions you may have throughout your decision making journey. 

2. Receive a General Inquiry Document

You will receive a general inquiry document within 14 days of your initial inquiry with Riverside Gardens. This sets out basic information about the village, including the village type, facilities and costs, as well as whether village rules are in force.

3. Receive a Disclosure Statement

A disclosure statement is required to be given to you at least 14 days before you enter into a village contract.  It contains important information about the village.  If you enter into a village contract, a 7 business day cooling-off period will generally apply, if you change your mind. The law also provides a 90-day settling in period during which you may terminate the contract. 

5. Seek Independent Expert Advice

When considering moving into a retirement village, it is important to read all available information, including fact sheets from NSW Fair Trading, and seek independent expert advice.  Below is a list of resources available from NSW Government Fair Trading.  

6. Move In

If you have made the exciting decision to move in to the village, you will be warmly welcomed.  Patricia Campbell the village manager will help you throughout this process, and help you settling in.  

Retirement Village Costs 

There are three phases where fees and charges will occur.  The breakdown of fees and charges will vary from each property and is detailed in the General Inquiry Document you will receive after an enquiry.

1. Moving In

If you have made the decision to move into Riverside Gardens, there are a number of initial costs to consider, including the purchase price and legal costs.  There is no stamp duty payable.

If you enter into a village contract, a 7 business day cooling-off-period will generally apply if you change your mind where no penalty fees will apply.  

The law also provides a 90 day settling-in-period during which you may terminate the contract without penalty fees.  All you will need to pay are the service fees, utilities and any legal costs for the duration you were living at the village.

2. Living Costs

Whilst living in a retirement village, a service fee is required to cover the village staff and maintain the services and facilities provided. Riverside Gardens prides itself on continually operating at high standards whilst keeping costs in check, ensuring the residents are getting great value for money.     

The service fee covers costs including, village staff, cleaning and maintenance of shared areas, insurance and council rates and organised events.  These fees are determined in line with the Retirement Villages Act. Every day living personal living costs are at the residents own expense.

3. Departure Fees

When permanently departing a village, it is standard practice for a Deferred Management Fee (DFM) to be charged.  

A DFM is the main source of revenue for a village and enables capital improvements to be made to the village and facilities, infrastructure upgrades and support staff.  It also allows for lower service fee charges and greater flexibility on entry prices, making it more accessible to enter retirement villages. 

Upon departure, you will receive a share in the capital gains of your residence and benefit from avoiding the traditional real estate expenses when selling a house; including sales commission, marketing costs, refurbishment costs*.  Avoiding these expenses will give added peace of mind when the time comes to make your next move. 

Government Resources

There are three phases where fees and charges will occur.  The breakdown of fees and charges will vary from each property and is detailed in the General Inquiry Document you will receive after an enquiry.

Department of Fair Trading - Retirement Villages

This site outlines the rights and responsibilities of residents, prospective residents and operators. 

Retirement Villages Act

This Act sets out particular rights and obligations of residents and operators of retirement villages. 

get in touch

Contact

We would love to meet you, please contact Patricia Campbell, Village Manager, for more information:

(02) 4571 4545 

pcampbell2@mac.com

34 Beaumont Street

North Richmond

NSW 2754 Australia

 

Make an Enquiry

4 + 6 =