Our Guarantee Plan explained
With your property price and bond payment returned when you leave, our Guarantee Plan keeps things simple and stress free.
Can you rent in a retirement village?
Friday, 05 April 2024
Bid farewell to rising rent, ‘no pets’ policies and limitations on personalising your home.
Retirement village rentals aren’t part of Keyton's offering. Instead, we have a range of contract options so you can choose what works best for you in the long run.
The risks of renting
Renting in retirement can come with uncertainty, like
- not knowing if your lease will be renewed
- dealing with rent hikes
- having to move more often than you’d like.
At Keyton, we’ve decided not to offer retirement rentals so that you have options that give you stability and peace of mind. By focusing on long term living, we help create tight-knit communities where you can put down roots, make friends and feel supported by your neighbours.
Finding retirement villages that rent can be tricky, and there are often eligibility clauses to consider. According to the Property Council of Australia and PwC's retirement census 2021-22, only two per cent of the villages surveyed across the country offers rentals.
Having control over where and how you live is important. Renting may mean you face restrictions on how you personalise and live in your home. Many landlords have rules against having pets and adding homely touches like hanging pictures or planting the gardens.
At our retirement villages, you can create a home that truly represents your personal taste and style - and you won't have to worry about managing property or dealing with the risks of renting.
Read more: Top tips for decorating your apartment
An investment in you
Choosing a long term lifestyle instead of renting in retirement villages offers the benefit of stability and the chance to invest in a place you can truly call home. You’ll make friends, join clubs, enjoy village amenities and be part of social events.
More than just having good neighbours; village life means you’ll have a support system around you. There will always be a group of people who've got your back, and a sense of belonging that you can only feel in a community of like-minded peers.
Being part of a village community is good for your health too! Studies show that having strong connections with others can make you happier and healthier. That's why we put so much emphasis on creating environments where people can connect and be active together.
Plenty of options to choose from
Everyone’s different – some of us prefer to plan, while others like to take things as they come. That's why, we've created three different ways to buy your retirement home – so you can pick the one that fits your style.
Freedom Plan
The Freedom Plan is a retirement living contract that allows you to pay the management fee when you leave, rather than when you move in. You pay the property price upfront and enjoy your home, the community and village amenities for as long as you choose. The difference to other plans lies in when the management fee is settled, giving many residents greater flexibility during their retirement years.
Growth Plan
The Growth Plan lets you pay upfront with a clear, straightforward contract that gives you certainty from day one. You pay the property price upfront and enjoy your home, community and village amenities for as long as you choose with no management fee to pay. The Growth Plan gives you the opportunity to share in your home’s capital growth when it is resold, while paying a lower management fee overall. And if your home goes up in value, that gain is yours to keep.
Guarantee Plan
The Guarantee Plan is designed for people who value clarity, certainty and simplicity, with no management fees and a clear understanding of what you’ll receive when you leave. On moving you pay an establishment fee* and no management fees at any time. Your monthly service fees stops immediately at exit. This plan removes uncertainty around future fees and provides clarity for long‑term planning.
*3.5% of property price plus a fully refundable bond calculated at 35% of property price.
Make a confident choice
Renting in retirement can bring uncertainties and restrictions, but with our contract options, you can truly make your space your own while enjoying all the benefits of retirement living. Instead of hunting for rental retirement villages, explore our contract options and discover the ideal fit for your dream retirement lifestyle.
We're here to help you navigate your retirement options every step of the way. Once you’ve selected your preferred village location we can provide you with a Village Fact Sheet with information on costs and ownership specific to the village and the state you live in.
For more information about the lifestyle and support offered at our retirement villages, call our customer service team on 1800 550 550 or send us an email here.
If you think your family or friends might enjoy this article, please share it with them.
