The purchase price, also known as an ‘entry payment’ or ‘ingoing contribution’, is a loan paid by you to us to secure your right to reside. It is refunded to you when you leave, less the deferred management fee (DMF) and other costs.
Depending on the community you choose and if your unit is new or established, the DMF is a percentage ranging from 25% to 35% of the purchase price you paid for your unit or apartment. It accrues over the first two years of your residency at your Freedom community.
We cover any refurbishment or unit selling costs.
There will be legal fees applicable and service fees after exit. These are calculated in accordance with legislation.
This is not an investment to make money but instead one of quality of life, care, support and lifestyle.