Financial flexibility,
designed around you.

At Monsignor John Peoples Units, we believe retirement living should be as flexible and stress-free as possible. This is why we have introduced an innovative tenure and contract arrangement designed with you in mind.

Unlike traditional retirement villages that require a large upfront payment, we offer the convenience of paying your entry payment in manageable, monthly instalments. This unique approach offers financial flexibility while providing a lifestyle that aligns with your desire to enjoy comfort, security and freedom in retirement.

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Your Questions, Answered

  • No, the units at Monsignor John Peoples are available on a loan licence and the operator will always retain ownership of the buildings.

  • The flexible option loan licence arrangement is for a 5 year period. Extensions will be negotiated between the operator of Monsignor John Peoples Units and the resident as required.

  • Yes, you must pay a deposit and the amount is equal to 4 weeks of the entry payment instalments.

  • The entry payment is paid as a weekly amount during the term of the loan licence arrangement. Entry payments are to be paid in advance in monthly instalments at the same time as the recurrent charges.

  • Recurrent charges are set at a monthly amount and are charged based on the unit type (1- bedroom or 2- bedrooms).

    • Council rates

    • Building insurance

    • Upkeep of the gardens

    • Cleaning and maintenance of common areas

    • Rubbish collection

    • General repairs for the apartment ie: plumber or electrician if required

    • Water usage

    • Electricity usage

    • Telephone

    • Internet

    • Pay TV

    • Home contents insurance

  • No, there are no capital gains (or losses) as the operator retains ownership of the units.

  • Under this specific payment arrangement no departure fee is payable when you leave the village however 100% of all monthly instalments of the entry payment are non-refundable.

    Again, this option provides financial freedom if your circumstances change as you don’t need to wait for your money to be refunded when you exit the village.

    We recommend seeking your own legal advice before entering into a Retirement Village Contract.