So how do people get a unit?
The first thing to do is contact GCRH by phone08 8523 4255, visit the office at James Martin Village, 19 Dawkins Road, Willaston or by email. The friendly staff will be able to detail current vacancies and organise for you to view any units you might be interested in. If there is nothing suitable when you make contact, you can leave details for being kept apprised on future vacancies.
In total Gawler Community Retirement Homes has six Villages, with a total of 145 units. They vary from 1 Bedroom to 3 bedroom units.
There are two types of agreements for the units offered by GCRH:
Contribution Units: The resident/s pays a one off payment to enter into the Agreement with GCRH, plus an ongoing weekly maintenance fee. The entry payment is not refunded when the resident leaves the unit. Currently these entry prices vary between $55,000 and $80,000, depending on size.
Licence to Reside:
The resident/s pays a ‘licence premium’ to enter into the Agreement with GCRH, plus an ongoing weekly maintenance fee. In this Agreement the resident retains equity in the unit and receives a Premium Refund on vacating the unit. The premium paid is based on the valuation for the unit and they vary in value from around $160,000 to $310,000, again depending on size and location.
When the resident elects to vacate the unit, the Premium Refund is determined by the price received when re-licenced with a new resident; less a percentage retained by GCRH to cover refurbishment and re-marketing. The other advantage is that there are no stamp duty or brokers fees required to be paid, making it a much simpler exercise for the both the new and vacating residents.
Both types of agreements require a weekly fee to be paid to GCRH. These vary from around $74 to $104 p/w, depending on size or value of a unit. For this GCRH pays all council rates, water rates and emergency service levies; also building and public liability insurance. Plus a full maintenance service is provided, which includes items as small as light bulbs, up to replacing hot water services or air conditioners; this includes an after-hours emergency service. GCRH also maintains the common grounds and gardens in all 6 villages and has an office open 5 days each week.