Are Unit prices negotiable?
Whilst the prices of Independent Living Units are not negotiable, Council may be in a position to make an interest-bearing loan to a potential resident in order to bridge the gap between the price of the unit and the amount they clear for their home. The actual amount that may be borrowed is subject to negotiation and in certain cases may be as high as 10% of the Option 2 price of the unit. Repayment of principal is not required, however the loan is subject to compound interest calculated at the “three year bond rate”.
