BallyCara Retirement Village is a Resident-Funded Village. We regularly review our accommodation pricing to ensure our pricing models are reflective of the current market and continually strive to provide a different array of affordable accommodation across the site.
All Residents moving into BallyCara Retirement Village pay an ingoing contribution (the cost of the Villa or Apartment) and in return they receive the Right to Reside within the Village for as long as they choose in accordance with information enclosed in our:
- Application for Residence
- Residence Agreement
- Prospective Cost Document
- Village Comparison Document
In accordance with relevant legislation, BallyCara Retirement Village is required to establish three funds to account for all financial transactions within the Village. The monies in these funds can only be used for the benefit of the Village. The responsibility for the financial management of these funds is vested with the Queensland Hibernian Friendly Society who own BallyCara Retirement Village.
We encourage all potential new Residents to seek independent legal and financial advice and will willingly supply copies of draft documentation upon request. Our Village Sales staff aim to equip all potential new Residents with as much information as they require to make an informed decision and we welcome questions and clarification where required – we are here to help you.
Annual operating costs are determined by the BallyCara management team and monthly fees are established in accordance with all legislative requirements. Residents are advised at the Annual General Meeting of any increases and the fees are then paid on a monthly basis via direct debit.
In conformity with the Retirement Village Act 1999 BallyCara Retirement Village charges an Exit Fee when vacating accommodation within the Village. The Exit Fee is calculated at a percentage per annum of your original ingoing Contribution (cost of your Villa or Apartment).