Monthly Cost Estimator

How do your monthly costs compare to those in a Retirement Resort?

Start by selecting your preferred Lendlease retirement village, grab your bills like council rates, utility expenses and insurance costs and input the monthly values. Then simply click the "Update Costs" and "Download Report" buttons at the bottom of the table.

For an even quicker comparison, we’ve already included estimates for both a house and an apartment in the local council area where the resort is located.

Your monthly cost estimate Retirement Living Glenaeon Detached House in same local suburb estimate Strata Apartment in same local suburb estimate
Village Service fees (These cover the operating costs of the village. Lendlease does not profit from these fees) $ $576 $0 $0
Council Rates $ $0 $255 $165
Owners Corporation Strata Fees $ $0 $0 $767
Building Insurance $ $0 $159 $0
Contents Insurance $ $40 $40 $40
Repairs & Maintenance (specific responsibilities differ by village) $ $56 $245 $175
Electricity & Gas Charges $ $150 $253 $186
Water Charges $ $49 $104 $76
Telephone & Internet/NBN $ $75 $75 $75
Emergency Monitoring System* $ $0 $58 $58
Gym & Health Club Membership* $ $0 $66 $0
Swimming Pool Access* $ $0 $55 $0
Leisure & Entertainment* $ $220 $306 $306
Other $ $0 $0 $0
Total Monthly Costs $0 $1,166 $1,615 $1,848
Update Costs Download Report
Your monthly cost estimate
$0 pm
$1,166 pm
Detached House in same local suburb estimate
$1,615 pm
Strata Apartment in same local suburb estimate
$1,848 pm

*Discretionary monthly costs: The table above assumes that you are incurring these costs in your day to day life at the moment, but everyone’s monthly costs are different. We encourage you to estimate your own monthly costs, by completing the “Estimate your own monthly costs” column above.

Information about this Estimator

This Cost Estimator is a guide for your general information only and the figures and assumptions are current as at 30 June 2019. Your actual costs will depend on your personal circumstances. We have taken all reasonable care in preparing the Cost Estimator to make it a useful tool for our customers, but any change to the costs within or outside of our communities may affect the accuracy of the information provided. Lendlease is not liable for the accuracy of any information provided through the Cost Estimator and all warranties, express or implied, are excluded to the extent permitted by law.

Costs within Lendlease Retirement Living communities (excludes Goodwin Close) are indicative only and subject to change without notice. These costs are only applicable for our independent living units and apartments. There are additional costs associated with serviced apartments such as cleaning, meals and laundry. For full information about what is included in our monthly service fees and the costs of other additional services, please speak with our sales staff. Further detailed information is also available within each residence contract.

Costs outside of a Lendlease Retirement Living community are based on third party sources, such as the Australian Bureau of Statistics (ABS), CoreLogic RP Data and the Association of Superannuation Funds Australia (ASFA). We have included it to help us provide a broad estimate of certain costs in the local council area surrounding the village you are looking at. In many cases we have used state or national averages, and we may not specify where we have done so. We have not verified the information and we make no representation about its accuracy.

Before deciding on whether to buy a home in a retirement village, you should speak to our dedicated village teams, as well as seeking your own independent financial and legal advice, so that you can make the best decisions for your personal circumstances.

We encourage you to download this content by clicking the “Download Report” button. However, please note that all intellectual property in the Cost Estimator including the estimated costs provided is owned by Lendlease, and any unauthorised use will violate our legal rights.

Lendlease proudly operates under the Retirement Villages Act in each State.

Learn More About Costs

Terms & Conditions

The above 'monthly cost estimator' (Estimator) is intended to provide a general estimate of the stated costs only, and does not constitute legal or financial advice, or an offer to enter into any agreement. Lendlease makes no warranties or representations as to the accuracy or reliability of the information provided in the Estimator nor does Lendlease accept any responsibility for any inaccuracies or omissions. You must make and rely on your own independent enquiries in all respects. Lendlease on its own behalf and on behalf of its agents will not be liable to you or anyone else for any decision made or action taken in reliance on the information in this website. For further information please refer to our terms of use: http://www.lendlease.com/terms-of-use/.