Ways to buy
When you live at Pavilions Blackburn Lake retirement community, you get much more than your own stylish retirement apartment. You also get to enjoy a wide range of shared spaces, activities and services.
To cover the cost of providing these, there are three types of payments: the refundable ingoing contribution (the ‘purchase price’); the monthly service fee; and the deferred management fee (DMF). The ingoing contribution and monthly service fee will vary depending upon the size and type of your retirement apartment.
Providence model
Benefit from an expected capital gain
If you’re confident property prices will rise over the number of years you’ll be living in your Pavilions apartment, this is probably the best option for you. It requires you to pay a higher deferred management fee (DMF) but after payment of the fee, the entire capital gain (or loss) will be yours.
With this option, the DMF is 30% of the outgoing or resale price, which is the amount you sell your apartment for. While this is higher than the Certainty Model (below), it gives you the potential to benefit from any capital gain – and the greater the capital gain, the greater the benefit to you.
Of course, we recommend you seek independent financial advice before making your decision on which Pavilions financial model is right for you. To find out more, talk to our Sales Manager today or fill in the form below.
Disclaimer. Refurbishment and administration fees are also applicable on exit. These are the same under both DMF models. The particulars contained in this document are provided as a general outline for the guidance of the intending resident. Whilst every effort has been made to ensure the information in this document is accurate to the best knowledge of Seventh-day Adventist Church, changes may be made over the duration of the development without notice. All descriptions, dimensions, items and references are given in good faith and believed to be correct. Example calculations are illustrative only and are not to be taken as final, accurate, or authoritative or otherwise.