How are weekly maintenance levies calculated and what do they include?
Unlike a Strata-Unit, there are no individual Council or water rates payable by the resident. Rates and charges, electricity and maintenance of the grounds and inclusions in residents’ units are all covered by the one low weekly maintenance levy. Individual residents only pay their own contents insurance (of their privately owned furniture), individual electricity and telephone. Maintenance levies are only varied with regard to the actual costs associated with the operation of the Retirement Village (Independent Living Units). There is no cross-subsidisation between any of the three tiers of the Retirement Village or any other aspect of Council’s operations. Prior to the setting of maintenance levies for the next twelve-month period, a proposed budget is placed before a meeting of all residents. The budget, once approved by the residents, together with any recommendations as to increases in maintenance levies, is then placed before the Blue Haven Board and Council for final approval.
