Navigating the costs of retirement village living in NSW

Cost & affordability

Retirement village living can offer independence, community and a low-maintenance lifestyle. However, costs and contracts vary widely across NSW. If you are comparing options, it helps to understand the main fee types and the questions to ask before you sign.

This guide explains common costs of retirement village living in NSW, plus practical steps to help you feel informed and in control.

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The main costs of retirement village living in NSW

Most retirement villages in NSW have three common cost areas. The names can vary by operator, so always ask for clear definitions in writing.

1. Entry fee

The entry fee is the amount you pay to move in. You might also see it called an ingoing contribution.

Entry fees in NSW vary based on location, apartment size, views, inclusions and the overall village offering. For example, premium facilities and sought-after suburbs often come with higher entry prices.

Questions to ask

  • What is included in the entry fee?
  • Are there additional upfront costs such as stamp duty, legal fees or moving costs?
  • What happens to the entry fee when I leave?

2. Ongoing fees

Ongoing fees are usually paid monthly. They cover the day-to-day running of the village and upkeep of shared spaces.

Depending on the village, ongoing fees may contribute to:

  • building and grounds maintenance
  • shared amenities and lifestyle spaces
  • security and village operations
  • some utilities or services

Questions to ask

  • What exactly do ongoing fees cover, and what is not included?
  • How are fees reviewed each year?
  • Are there separate charges for services like meals, cleaning or support?

3. Exit fees

Exit fees are sometimes called deferred management fees. These are charged when you leave and can be calculated in different ways, often linked to time in the village or the resale value of the home.

Because exit fees can significantly affect your net return, it is important to understand the calculation and timing.

Questions to ask

  • How is the exit fee calculated, and what is the maximum amount?
  • When is it payable?
  • What fees apply if I sell quickly or need to move for health reasons?
Read our finance FAQs here

Financial considerations before you choose a retirement village in NSW

Beyond the headline price, a good decision comes from understanding the full picture.

Create a retirement village budget

A clear budget helps you compare options. It also protects your lifestyle and savings.

Some village costs are paid monthly, while other fees may be paid upfront or deferred until exit. This depends on the village and contract. At LDK, we explain what applies before you commit.

Things to include in your retirement village budget

  • entry costs and moving expenses
  • monthly ongoing fees
  • expected personal costs such as travel, health, hobbies and memberships
  • a buffer for fee increases and unexpected expenses

If you want help understanding LDK’s fees and contract terms, our Membership Consultants can walk you through the details. For legal or financial advice, we recommend speaking with an independent adviser experienced in retirement living.

Understand the contract and your rights

Retirement village contracts can be detailed. Key terms may include:

  • resale process and selling fees
  • exit fee calculation
  • responsibility for refurbishment
  • what happens if your care needs change
  • how costs may affect your estate

Consider independent legal advice before signing. A separate financial adviser can also help you understand the long-term impact.

For NSW-specific information, see:

Compare villages based on value, not just price

Two villages can look similar but have very different financial outcomes.

Things to consider when comparing villages

  • what you actually receive for ongoing fees
  • the quality and availability of amenities you will use
  • how flexible the model is if your needs change
  • how resales work and typical timeframes
  • resident experience and community feel

If possible, speak with current residents. Their perspective can reveal what it feels like to live there day to day.

Government information and support

Government payments, concession cards and aged care funding can be complex. The best way to confirm what applies to you is to check official sources or speak with an independent adviser. The links below are a good starting point.

What you can check

  • Concession cards. Services Australia explains eligibility for cards such as the Commonwealth Seniors Health Card and how to apply.
  • Aged care assessments and supports. My Aged Care outlines assessments and government-funded support options.
  • NSW concessions and rebates. Service NSW lists state-based concessions that may apply to eligible residents.
  • Free financial counselling. The Department of Social Services lists free financial counselling services if you need budgeting or hardship support.
  • Veterans’ supports. The Department of Veterans’ Affairs provides information for eligible veterans and families.

Official links

Disclaimer: Information is general in nature and may change. Please check official sources and consider independent legal or financial advice for your situation.

Explore The Landings, North Turramurra

If you are exploring retirement village living in NSW, The Landings in North Turramurra offers a premium lifestyle and a welcoming community.

LDK Seniors’ Living has intentionally designed a transparent model, so you can understand costs and key terms upfront. We will explain what is included, what is optional, and how fees work before you commit.

Explore The Landings

Speak with our team

Call 1300 535 000 or contact us online to book a tour or request information about The Landings.

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  • The Landings at LDK
    North Turramurra, NSW

    The Landings

    Nestled in Sydney’s Upper North Shore, The Landings offers a peaceful, connected lifestyle in natural bushland, with on-site care that adapts as your needs change.

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