Entry Contribution

The Board has the discretion to allocate a number of units to concessional residents or may agree to vary the following entry contributions in specific circumstances.

Studio / One Bedroom unit: $200,000

Entry contributions are priced below the extra allowable pension limit to permit the grant of rent assistance to pensioners and veterans during residency.

10% of the contribution is required on signing the contract and the balance payable on entry.

The contribution retained by WRCA is used towards village operating costs and renovations.

The whole of the contribution is non-refundable after two years’ residency. (However, if you leave the village before two years’ residency, a proportion of the contribution is refunded pro rata to you).

Three bedroom unit $800,000; Two bedroom unit $640,000; 1 bed+study $420,000

10% of the contribution is required on signing the contract and the balance payable on entry.

A proportion of the entry contribution – 30% for a three-bedroom unit, 35% two-bedroom, or 50% for a one-bedroom+study – becomes a progressive non-refundable amount over two years’ residency and is used towards village operating costs and renovation. (If you leave the village before two years’ residency, this amount is refunded pro rata to you together with the balance entry contribution as a lump sum).

After two years’ residency, half of the balance entry contribution is refunded to you by way of 10 equal annual instalments.

On village exit, the remaining balance of entry contribution is paid as a lump sum to you.

  • Studio/1 bed
  • 1 bed+ study
  • 2 Bedroom
  • 3 Bedroom

Entry Contribution:

Non refundable Amount after 2 year stay:

Annual refund x10 to you after 2 year stay:

Additional refund to you on village exit:

Entry Contribution:

Non refundable Amount after 2 year stay:

Annual refund x10 to you after 2 year stay:

Additional refund to you on village exit:

Entry Contribution:

Non refundable Amount after 2 year stay:

Annual refund x10 to you after 2 year stay:

Additional refund to you on village exit:

Entry Contribution:

Non refundable Amount after 2 year stay:

Annual refund x10 to you after 2 year stay:

Additional refund to you on village exit:

Recurrent Fees explained

Other details are as set out in the contract which is available from the Village.

Contact Us for more information