Currently there are no stamp duty costs associated with entering into a loan/lease agreement. However, if there were to be a change in legislation any stamp duty payable would be the responsibility of the purchaser, just like buying a home anywhere else.
When moving in to Blue Hills you will incur some of the normal costs associated with moving, namely:
- Your solicitor’s fees incurred when entering into the loan/lease agreement
- Carrier and furniture removal costs
- There are no connection fees for telephone, gas and electricity
For your protection, it is our suggestion that you seek your own solicitor’s advice. This will help ensure you make the correct decision. We also recommend that you ask your solicitor if they have a good understanding of Retirement Villages and the Victorian Retirement Villages Act.