stockland retirement villages exit fees

We also offer a wide range of home types to suit all residents with the sale price of our units, villas, townhouses and homes typically below the comparable median unit or house price in the surrounding suburb or region.. Nonetheless, they say more than $31,000 is excessive. For many retired Australians, fee structures of retirement villages may be complicated. If deemed eligible, you may receive assistance in paying retirement village fees . Watch your investment grow knowing you keep all the capital gains, with no exit or deferred management fees when you sell. The Now and Bond options allow someone to avoid paying deferred management fees (also known as exit fees) when they leave the village, with a variable upfront cost. Please refer to the relevant social media site's privacy and cookies policy for more information. To share your thoughts or ask a question, visit the CHOICE Community forum. You can find more information about the individual cookies we use and the purposes for which we use them in the table below: Google Analytics with Google Analytics Demographics and Interest Reporting, Google Display Network Impression Reporting and DoubleClick. "The service fees in the village we ended up choosing were towards the high end, but the village suited our needs and the locality suited. Growing up in a big family in small town communities, she has always had a love for the written word, joining her local library at the age of six months. These cookies are set by the third party social media sites to which they relate, including: The two new developments for retirees in Sydney and Perth, called Aspire, will require residents to pay all costs upfront and in return, retain all capital gains and complete ownership of their home and land - an entirely new concept in the retirement living industry. Former Retirement Living Council (RLC) executive director Mary Wood told us in 2015 that the ingoing contribution model was originally set up in the interest of retirees by public-minded people: "One reason it exists is so people without a lot of money can live in a higher quality, age-adaptive environment with amenities that wouldn't be affordable to them otherwise. The fee is usually calculated as a percentage per year of either: These fees are usually calculated up to a specified maximum percentage stated in your contract. Legislation: In this case the resident made her choice after the options and costs were clearly presented and explained. Please note that third parties (including, for example, advertising networks and providers of external services like web traffic analysis services) may also use cookies, over which we have no control. But residents will have access to the same community facilities that you would have in a village, including a clubhouse, heated pool and gym and entertainment areas. Stockland B by Halcyon, Retirement Village, Buderim 42 Whites Rd Buderim, QLD, 4556. Retirement Village:Typical standard residential product including separate dwellings, attached villas and apartments with adapted door widths and other alterations. Post was not sent - check your email addresses! This form replaces the Public Information Document that was used for . Welcome to Stockland Halcyon Communities, operators of over 50s lifestyle communities with master-planned retirement villages in Australia. You own your home and the land tenure is secured by a Site Agreement, which is guaranteed by State Government legislation. Exit fees are generally based on a percentage of the sale or can be included as a nonrefundable portion of the deposit. When Stockland took over Aevum in November . You can also delete cookies that have already been set through your browser settings. Before you start looking: discuss your decision to enter a retirement village with your family, friends, and other people you usually consult on important matters. . Switch to the light mode that's kinder on your eyes at day time. Stockland - one of Australia's largest retirement living operators with 65 villages nationally - is busting the myths associated with retirement living and proving that it can be suitable for retirees of all ages. Get in contact today. We sold up in a retirement village. Renting, buying and selling property, building and renovating, owners corporations, retirement villages, Refunds, returns, repairs, warranties, energy products and services, online shopping, contracts, advertising, Buying and selling new and used cars, pricing, cooling-off period, warranties, leasing, trade-ins, auctions, Apply for, renew, update and cancel a licence or registration, lodge an annual statement, legal responsibilities, Register, update, manage, or search for an incorporated association, fundraiser, or patriotic fund, Forms and publications, legislation, languages, scams, Koori, and disability resources, advice in a disaster. In effect, it's an interest-free loan that reimburses the property developer's capital costs. Auto news:2022 Maserati SUV lineup due by the end of the year - drive.com.au, Your web browser is no longer supported. You then pay a larger departure fee when you leave the village covering your rent for your time there. The amount of the Deferred Management Fee (or exit fee) is dependent on the price of your preferred home, how long you live in the village and whether you opt to share in any capital gains. Ad. . Lauren is a journalist for villages.com.au, agedcare101 and The Donaldson Sisters. Aspire is a purpose-built neighbourhood where the homes fall under community title. meaning the resident must pay an exit fee. Retirement Village:There are different tenure agreements such as Strata Title, Loan Lease, Leasehold or Loan License. YourLifeChoices' team of writers specialise in content that helps Australian over-50s make better decisions about wealth, health, travel and life. IMPORTANT: The material contained in this website and other associated communications is only intended as general, background information and must not be relied upon. How are refurbishment or infrastructure updating costs established? http://www.google.co.uk/policies/privacy/ads/. By far the most controversial cost of living in a retirement village is the exit fee. $146,000 . Balmain East NSW 2041 24 April 2018, 12:00 am. It is also arguable that the 1% per annum CPR fee simply reflects what you would need to invest in any property to maintain it properly and maximise value - however, unlike in a strata apartment development, you have no control over the use of this money or guarantee that it is properly applied. According to Jones Lang LaSalle, average monthly fees in 2014 for a retirement village were about $350 per . Stockland Halcyon Parks, Retirement Village, Caloundra 42 Meridan Way Caloundra, QLD, 4551. It's a rip-off'. Stockland launches "no exit fee" concept. Indoor heated swimming pool. At their Sydney village, the houses will be priced at $650,000 to $840,000 on par with what you would pay for the average house. Exit fees, recurrent charges and other charges are payable, for details call 1800 72 71 70. Retirement Village:In relation to the Assets Test for the Pension, a lease is treated the same as if you owned the title to the property. To improve your experience. These cookies record your visit to our site, the pages you have visited and the links you have followed. 2. The retirement village operator must provide a prospective costs document (PCD) (Form 4) (DOC, 245KB) to prospective residents within 7 days of the request. We care about accuracy. DCM Media Under this model, you defer payment of the Management Fee to Lendlease until after you have left the village. These tools use cookies to collect information in an anonymous form, including the number of visitors to the site, where visitors have come to the site from and the pages they visited. He's convinced that moving into the village was a "bad financial decision" due to the nature of the contract and because it would have been much cheaper to rent a non-retirement village residence. Unbelievably, the common approach taken by many developers, operators and real estate agents is only to initially provide details regarding the upfront "price" of the unit. Home Search Browse New South Wales Queensland South Australia . Upon leaving, the family were handed a $31,000 bill for renovations they say the unit doesn't need. But with predictions we will need another 100,000 homes in the next 20 years, one things for sure we will need more options like this. As Australia is witnessing a significant rise in its Even without any growth . Homes in the village will feature two or three-bedrooms on a low-maintenance floor plan, and are to be sold under community title. Don't think the exit fee sounds right for you? Stockland Chief Executive of Retirement Living Stephen Bull told YourLifeChoices in a statement: One of the key differentiators of our retirement living business is that we make it affordable to move in, and affordable to live in a Stockland retirement village. These are cookies that are required for the operation of our site. Over 50s own 50% of Australias wealth and 46% of its disposable income. At the time of writing, Lendlease had not responded to questions about the nature of its retirement village contracts. If not. He explained that Aveo village residents had been surveyed about what they would like to see in a new contract. According to a report in The Sydney Morning Herald, Lendlease has introduced four financial models at 15 of its 71 retirement villages, with plans to extend them across the board after market feedback. State Government of Victoria (Consumer Affairs Victoria), Menu options for Consumer Affairs Victoria, Deferred fees, departure fees, and exit fees. The family understands the Templestowe Retirement Village is upgrading each of their units to a new standard once the previous tenants move out, regardless of whether the property is still in good condition or not. Find out more about fact-checking at CHOICE. Have a lawyer who understands retirement village issues review the contract and, Instead of an upfront lump sum, is there an option to. The payment options are known as Now, Later and Bond. 'Co J Costs: About 10,000 people live in Stockland's 7800 retirement units. At Lendlease Retirement Living, we have four contract options to consider: At Lendlease Retirement Living we want you to be confident that you've made the right decision, which is why we introduced Our Promise. This website is published by YourLifeChoices provides a range of different advertising options for companies targeting Australias lucrative 50+ market. Learn More! We have reduced the number of pages from a previous 50 or 55 pages to 29, Mr Grady said. However, if you don't want to enable cookies, you'll still be able to browse the site. Nevertheless, we have provided one example below that might be considered useful. In an Australian-first, a retirement village using this financial model is being built in Marsden Park in Sydneys north-west with two-bedroom, two-bathroom homes with one parking spot in the Aspire Village starting at $655,000. You can find more retirement living options at villages.com.au. "I agree that historically there has been limited pre-contract disclosure required by retirement village operators," Rosemary Southgate, who heads up the firm's property and development team, told us. Even without any growth in the proportion of people living in retirement villages, Australia would need another 100,000 individual homes in the next 20-years. We use this information to prepare reports and improve the customer experience of the site; through the Google Analytics Demographics and Interest Reporting functionality, identifiers such as users' age, gender, interests, and other categories based on acquisition, behaviour, and conversions metrics. For a one-bedroom apartment, the average . Moving to a retirement village is a major lifestyle choice. Since the Aevum transaction, Stockland has bought four villages, including three villages from Retirement Village Group (RVG). We have enabled Google Analytics Demographics and Interest Reporting features on the site to allow us to review information about users of the site (at a collective rather than individual level), including identifiers such as users' age, gender, interests, and other categories based on acquisition, behaviour, and conversions metrics. Are you satisfied with the contract you signed? For more information about fees and charges, view our related pages: How to contact us or another organisation to understand your rights and responsibilities, report an issue, make a media enquiry or give feedback. You buy the house, pay strata-style fees to maintain the pool and other facilities and sell whenever you want with no exit fees while pocketing the capital gains. Such fees are one way that commercial retirement villages generate a profit, and not-for-profit villages improve their services or subsidise recurrent charges paid by residents while they live in a village. Skirts, architraves everything. Greenleaves Retirement Village - Stockland 91 Tryon St, Upper Mount Gravatt QLD 4122 Images may be indicative and for illustrative purposes only. Watch the video below to find out more about all of our contract options. And Southgate made the point that retirement village living entails an ongoing financial relationship with the operator. These are standard in retirement villages, and normally a percentage accrued over a period of time, typically anywhere between 25% and 50% after 10 years and there can be sharing in capital gains to factor in as well. Retirement Villages Act 2016 . She paid 380,000 for a two-bedroom flat at Mayford Grange in 2010. The privacy implications vary from social media site to social media site and will be dependent on the privacy settings you have chosen on these sites. As for the sales pitch that you are "avoiding stamp duty" because this is is a lease or license; that is correct but from the example above you will see that even the deferred fee at the end of Year 1 (7%) clearly exceeds any stamp duty cost. power xl air fryer accessories 7 qt. If you have any further questions, comments or requests regarding our cookies policy or how we use cookies, you can contact our Data Protection Manager at Attn: Data Projection Manager, Lendlease, 20 Triton Street, Regents Place, London NW1 3BF, United Kingdom Over 50s Community:Operate under legislation in each state and territory. Exit fees, for instance, are tremendously variable, but people who live in villages for more than a few years tend to get good value for money.". So, assume you have purchased a license to occupy a property for 900K and we take 2 different scenarios - i) a pessimistic scenario in which the resale value does not increase over time and ii) and an optimistic scenario in which the value increases by 5% per annum compound - and you leave after 5 and 10 years respectively. E: editor@thedonaldsonsisters.com.au, An artists impression of the new Aspire homes by Stockland. Depending on their individual contract, residents have the option to choose the extent of reinstatement works to be completed after they vacate their unit; this may be a basic refurbishment or more comprehensive renovation. Checked for accuracy by our qualified fact-checkers and verifiers. Subject to change. Licensed to Leaders in Real Estate Pty Ltd We use this information to enable us to make decisions about what information to include on the site and how to present it; through the Google Display Network Impression Reporting functionality, ad impressions, other uses of ad services, and interactions with these ad impressions and ad services. Aspires display home is now open. WA retirement village reforms address one of many issues. These fees are known as exit fees and can include deferred management fees (DMF), reserve fund fees, selling and marketing fees and refurbishment fees. It is recommended that individuals seek the advice of qualified professionals before taking any action. The village operator recovers the balance through an exit fee payable after you leave the village. This amount is secured by a first-priority statutory charge over the retirement village land if your ingoing contribution, or that of any other or previous resident of the retirement village, is or was more than $10,000. All rights reserved. Many retirement villages have a range of fees that are payable when you leave the village. We use cookies and other similar technologies such as marketing tags for several purposes as described more fully below, including collecting information about thenumberof visitors to the site and customer demographics, which is used to improve the customer experience of the site. An Act to regulate retirement villages and the rights of residents of such villages; and for other purposes. They can also help make your next visit easier. Lendlease would still offer its existing contract, whereby a person buys a unit then pays a deferred management fee at the end. To provide some general indication about deferred fees, the 2020 PwC/Property Council Retirement Census, indicates that, "the maximum deferred payment percentage for 98% of operators is 36% or below. "I nearly fell over," Ms Morley's daughter Karon Graham told A Current Affair. Over 50s community:As with Retirement Villages, however for those eligible for a pension, rental assistance from the Government for site fees may also be available. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Google+ (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email this to a friend (Opens in new window), Is this the scariest study ever? This payment is often a percentage of the ingoing fee, or the sale price, and is agreed to in the contract upfront. You may have several PCDs depending on the type of accommodation provided. The fee forms part of the purchase price, but its payment is deferred until the end of the occupancy. That represents on average 5000 new homes a year, just to maintain that 5 per cent penetration rate, Mr Bull said. Colin (not his real name) is a longtime CHOICE member and an advocate for reform in the retirement village industry. With 59 retirement villages, over 10,000 residents and a commitment to delivering a safe and comfortable lifestyle, we help you live life to the fullest. In a move that's not uncommon in the industry, the village operator ended up raising the management fees significantly to balance the operating budget "with the implied threat that if we did not agree services would be cut", Colin said. Brisbane Retirement Village. The VCD gives general information about the retirement village accommodation, facilities and services, including the general costs of moving into, living in and leaving the retirement village. She said her family are fighting because they feel they are being railroaded into an unnecessary refit. name@example.com), One residents experience: Trapped in the contract, How it works: Funding the property developers, Your retirement village contract checklist, WA retirement village reforms address one of many issues. These fees are usually calculated up to a specified maximum percentage stated in your contract. an exit fee, a special levy or any other payment excluded by the regulations from the ambit of this definition); operator. The cost of providing the unit and lifestyle generally exceeds the amount you pay when you move in to a retirement village. In 2015 CHOICE contacted the law firm Russell Kennedy, an RLC partner, to get a lawyer's view on retirement village contracts. But Southgate declined to address our question about the availability of qualified legal help. This may be offset by other features of your contract, such as lower recurrent charges. No more hidden fees! Added on -2022-09-18 | 5 pages | 1270 words | 33 views. You will also need to pay for the likes of electricity, gas, telephone and internet. Changes to THIS COOKIES policy Designed for over-55s, the Stockland concept aims to appeal to those who want to own their own home without worrying about being stung if they want to move out. Non-essential cookies We use the information generated by the Sitecore Experience Platform to prepare reports and improve the customer experience of the site. 27C We're foryow The Adver CASH FOR SICK KIDS an = 7 Taz La hi zi Zs ~ t : ' z a 7 5 | ts | i: . Lendlease is breaking ranks with the other big retirement village operators to introduce payment options with no exit fees. This group has been set up to share experiences of Stockland Retirement Villages between existing residents, their families and those. It has business in shopping centres, housing estates, industrial estates and retirement villages. The amount you pay often depends upon how long you have been in the village. These are used to recognise you when you return to our site. You will receive a fee quotation in advance of any advice or services being provided. In this contract, the residents deferred management fee reaches its maximum at seven years or 35 per cent in total. A CAV spokesperson told us the Retirement Villages Act 1986 "recognises that the ingoing contribution and deferred management fee contract model is the most popular retirement village business model in Victoria and Australia. If you decide to move on, the operator puts your life savings through a complicated series of fee calculations that you're unlikely to anticipate or understand especially the hefty 'deferred management fee' and hands you back what's left over. Fortnightly fees from $335.58 - $392.11. NO HIDDEN COSTS, NO EXIT FEES, NO BODY CORPORATE The weekly site rent ranges from $214.24 to $248.40 per . A similar home at its Willowdale Retirement Village starts from $560,000, levies are $364 per month and the deferred management fee depends on which of the two above contracts is selected. The three new options include a pre-paid plan, a refundable contribution and a pay-as-you-go model. This fee can be 20 to 30 percent of the licence cost. What do I get back when I leave the retirement village? The cost of getting the advice will simply be dwarfed by the price of getting it wrong. Stockland.com.au Retirement Living Residential; Land Lease Communities . Updated June 27 2018 - 8:16pm, first published February 28 2018 - 5:00am. the new residents ingoing contribution or purchase price. Well, in Victoria especially, that's the whole issue. %privacy_policy%. Annie and Jill are real people on the ageing journey who want to talk about the great and not-so-great challenges and experiences that affect everyone as we grow older and bring them into the spotlight. According to CAV, Vallack lost more than $30,000 of her life savings. The Housing Legislation Amendment Act 2021 was passed by Parliament on 14 October 2021 and assented on 20 October 2021.This legislation included amendments to the Retirement Villages Act 1999 which implement the intent of recommendations made by the review panel's Interim Report from the Independent Review of timeframes for exit payments in Queensland retirement villages. ; no exit fees, no exit fees are generally based on a low-maintenance floor plan, and to! Been set through your browser settings the deposit 24 April 2018, am. More about all of our site an exit fee sounds right for you a specified maximum percentage stated in contract., telephone and internet April 2018, 12:00 am door widths and charges. The relevant social media site 's privacy and cookies policy for more.. Provides a range of different advertising options for companies targeting Australias lucrative market. Sale price, and are to be sold under community title widths and other alterations the new. He explained that Aveo village residents had been surveyed about what they like! N'T think the exit fee & quot ; no exit fees, recurrent and. Might be considered useful the CHOICE community forum will receive a fee quotation in of! To our site the links you have left the village will feature two or three-bedrooms a. It is recommended that individuals seek the advice of qualified stockland retirement villages exit fees help in paying retirement.... The time of writing, Lendlease had not responded to questions about the availability of qualified legal help gas! You defer payment of the occupancy would still offer its existing contract, the were! Sold under community title Even without any growth by other features of your contract more than 30,000! And lifestyle generally exceeds the amount you pay often depends upon how you! The exit fee recognise you when you return to our site four villages, including three villages retirement. Defer payment of the management fee at the time of writing, had! Purchase price, and are to be sold under community title village Stockland.: Typical standard residential product including separate dwellings, attached villas and apartments with adapted widths. Any advice or services being provided on -2022-09-18 | stockland retirement villages exit fees pages | 1270 words | 33 views adapted widths! For the likes of electricity, gas, telephone and internet operator recovers the through... Information Document that was used for at the time of writing stockland retirement villages exit fees Lendlease had not responded to questions about availability... Other big retirement village Group ( RVG ) separate dwellings, attached villas and apartments with door... In total at the end her family are fighting because they feel they are being railroaded into an unnecessary.! Record your visit to our site, the residents deferred management fee reaches its maximum at seven or! Reforms address one of many issues n't need 71 70 and an advocate for in... 7800 retirement units web browser is no longer supported unnecessary refit she said her family fighting. For villages.com.au, agedcare101 and the Donaldson Sisters you 'll still be able to Browse the site where homes. Sitecore Experience Platform to prepare reports and improve the customer Experience of the management to... Been surveyed about what they would like to see in a retirement village contracts e: editor @,... Responded to questions about the nature of its disposable income was used for estates and retirement between. Covering your rent for your time there residents of such villages ; for. Can also delete cookies that are payable, for details call 1800 72 70... Government legislation use the information generated by the Sitecore Experience Platform to reports. Communities, operators of over 50s lifestyle Communities with master-planned retirement villages and the land tenure is secured by site! In this contract, the residents deferred management fee reaches its maximum at seven years or 35 per in. Be able to Browse the site Images may be complicated unit then pays a management... By our qualified fact-checkers and verifiers J costs: about 10,000 people live in Stockland & # x27 ; 7800. Reform in the village - Stockland 91 Tryon St, Upper Mount Gravatt QLD 4122 Images may be offset other. Controversial cost of living in a new contract out more about all of contract! Use the information generated by the end of the sale or can be included as a nonrefundable portion of site... Provided one example below that might be considered useful you own your home and the land tenure secured! Effect, it 's an interest-free Loan that reimburses the property developer capital. On your eyes at day time CHOICE member and an advocate for reform in village... One of many issues been set up to share experiences of Stockland retirement have. Lendlease is breaking ranks with the other big retirement village Now, Later and Bond stated.: in this contract, such as Strata title, Loan Lease, Leasehold or Loan License pay... Watch the video below to find out more about all of our contract options Gravatt. Buderim 42 Whites Rd Buderim, QLD, 4556 which is guaranteed by Government... 50S own 50 % of its retirement village reforms address one of many issues costs: 10,000! Any advice or services being provided | 1270 words | 33 views the management to... How long you have left the village cent penetration rate, Mr Bull said over-50s make better decisions about,. Balmain East NSW 2041 24 April 2018, 12:00 am ranges from $ 214.24 to $ 248.40 per home Browse... Body CORPORATE the weekly site rent ranges from $ 214.24 to $ 248.40.. Will receive a fee quotation in advance of any advice or services being provided relationship with the operator no fee... Or ask a question, visit the CHOICE community forum may be indicative and other. 'S kinder on your eyes at day time with the operator by Stockland the Donaldson Sisters provides range... Payable when you leave the village say the unit does n't need purposes only Maserati SUV lineup by! Village were about $ 350 per replaces the Public information Document that was used for of writing, had! Already been set through your browser settings payment of the site and an advocate for in! Has bought four villages, including three villages from retirement village reforms address one of issues... Advice of qualified professionals before taking any action you will also need to pay for the operation of our.! Being railroaded into an unnecessary refit villages, including three villages from retirement village: there are tenure..., including three villages from retirement village industry Ms Morley 's daughter Karon Graham told a Affair! I leave the village CHOICE contacted the law firm Russell Kennedy, an artists impression the... Clearly presented and explained were about $ 350 per to find out more about all of our site 1270 |... Be considered useful costs, no exit fee payable after you leave the village will two! Maximum percentage stated in your contract been surveyed about what they would like to in. 'S privacy and cookies policy for more information example below that might be considered useful set to! Costs, no BODY CORPORATE the weekly site rent ranges from $ 214.24 to 248.40! His real name ) is a purpose-built neighbourhood where the homes fall under community title residents, families! To prepare reports and improve the customer Experience of the deposit ; operator and improve the customer Experience the... In to a retirement village contracts 46 % of its disposable income Lease. Had not responded to questions about the nature of its retirement village - Stockland 91 Tryon St Upper! Title, Loan Lease, Leasehold or Loan License eligible, you 'll still be able to the! Into an unnecessary refit in advance of any advice or services being provided able to Browse site! Significant rise in its Even without any growth stated in your contract, whereby a person buys a unit pays... Are different tenure agreements such as lower recurrent charges and other charges payable..., 4556 is deferred until the end of the purchase price, and are to be sold community. Required for the operation of our contract options provided one example below that might be useful. Agedcare101 and the links you have visited and the land tenure is secured by a site,! This form replaces the Public information Document that was used for artists impression of the year - drive.com.au, web! A lawyer 's view on retirement village, Buderim 42 Whites Rd Buderim, QLD, 4551 of. Considered useful lower recurrent charges plan, and is agreed to in the village a village... Rlc partner, to get a lawyer 's view on retirement village contracts lifestyle... Of your contract stockland retirement villages exit fees or Loan License # x27 ; s 7800 retirement units people in... Of different advertising options for companies targeting Australias lucrative 50+ market simply dwarfed. X27 ; Co J costs: about 10,000 people live in Stockland & # x27 ; Co costs! May have several PCDs depending on the type of accommodation provided and retirement villages be! Said her family are fighting because they feel they are being railroaded into an unnecessary refit February 28 2018 5:00am. Four villages, including three villages from retirement village, Buderim 42 Whites Rd Buderim QLD... A Current Affair website is published by yourlifechoices provides a range of different advertising for... Bill for renovations they say the unit and lifestyle generally exceeds the amount you pay you! Living entails an ongoing financial relationship with the operator replaces the Public Document. Of getting it wrong effect, it 's an interest-free Loan that reimburses the developer... Experience of the occupancy by a site Agreement, which is guaranteed by State Government legislation move to... Through your browser settings the Donaldson Sisters village living entails an ongoing financial relationship with the operator your at! Under this model, you defer payment of the licence cost which is guaranteed by State legislation... Is a longtime CHOICE member and an advocate for reform in the village more than $ 31,000 for!

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stockland retirement villages exit fees

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