FREQUENTLY ASKED Questions
Who can live at Pascoe Vale Gardens?
You must be an Australian Resident aged 55+. If you are under 55, you can live with your spouse who is 55+.
What type of Retirement Village contracts are properties at Pascoe Vale Gardens purchased under: Strata Title, Leasehold, and Loan/Licence?
Strata Title Ownership – Gives residents a voice when it comes to how the village is run. The Owners Corporation Committee is run by residents for the residents, with a representative from Village Management present. Strata Title purchase does attract State Government Stamp Duty however, this tax may be waived given the residents’ personal circumstances and correct professional legal and financial advice.
Leasehold/Loan-Licence – Our Serviced Apartments are available via a leasehold arrangement providing residents with flexibility and choice.
What fees are applicable at Pascoe Vale Gardens when buying a property? Are there exit fees? Does State Government stamp duty apply?
If you purchase a property by way of strata title, then a purchase price applies which varies depending on the size of the unit and how many bedrooms.
Exit fees apply. There is also a re-establishment fee payable for the ongoing marketing of the village. Please refer to Schedule 1, which is attached, for further information regarding our Independent Living Units.
State Government Stamp Duty may be applicable; purchasers are encouraged to seek legal and financial advice.
If you acquire a property by way of leasehold, an ingoing fee applies. State Government Stamp Duty does not apply for leasehold.
Exit fees apply.
Please refer to Schedule 2, which is attached, for further information about the ingoing fee and exit fees that apply.
Does Pascoe Vale Gardens provide short term stay accomodation?
Yes. Pascoe Vale Gardens provides short-term stay accommodation. All amenities are available to you throughout your stay so you can enjoy the effortless lifestyle in our community. Please refer to Schedule 3, which is attached, for further information.
Can I bring my pet, caravan or trailer?
Pets are welcome under certain circumstances. Yes, you can bring a trailer or caravan however there are a limited number of caravan and trailer parking spaces available.
Is there Ageing In Place, nursing home or aged care facilities on site?
No. The entire Pascoe Vale Gardens community is independent. While residents receive support such as maintenance of gardens, restaurant facilities and emergency button (with 24/7 emergency response), we do not provide dependent accommodation. Aged Care Legislation (Provides for CARE. Dependent accommodation) and Retirement Village Legislation (Provides for SUPPORT. Independent accommodation) are completely different. Aged Care accommodation deals with Government funding, bonds and pensions, while Retirement Living at Pascoe Vale Gardens is funded privately by the resident.
And whilst our Serviced Apartment accommodation provides meals, housekeeping and freedom from paying household bills, the lifestyle remains independent. There is no requirement for residents to be assessed and therefore qualify in order to purchase a property at Pascoe Vale Gardens. Should a resident require some extra care assistance such as showering, grooming, medication distribution or wound care, it is possible to source these services from the Aged Care Provider, Mayflower, who have an Office in our Serviced Apartment building. The registered nurse is at the village four days a week. The nurse services can be paid via My Aged Care packages or privately by the resident.
Can I set the sale price and source my own Real Estate Agent to sell the property?
For Strata Title Ownership – It is the owner’s responsibility to set the sale price for the property and finalise negotiations with the prospective purchaser. Selling a property at Pascoe Vale Gardens is a regular real estate transaction and can be managed directly through your/the vendor’s solicitor and the purchaser’s solicitor without a third party Real Estate Agent.
You (as the vendor) are entitled to engage a Real Estate Agent to source a buyer, but it’s important to note that in the event a purchaser is identified, the agent will still need to introduce the buyer to the Village Manager at Pascoe Vale Gardens in order to receive all information required under Retirement Village Legislation. It’s also important to remember that Authorised Real Estate Agents have the right to charge fees for their services, regardless of whether the buyer is identified through them or not.
Do you comply with the Australian Retirement Living Code of Conduct?
Pascoe Vale Gardens Retirement Village is a proud Retirement Living Code of Conduct signatory. You may contact our Code Compliance Officer at any time if you have a query about the Retirement Living Code of Conduct. Please ask our staff for the compliance officer’s contact information. Please click on the link below to view the Compliance Certificate.
This information is indicative. All information contained in these FAQs should be read in conjunction with the Village Management Agreement and Retirement Village Legislation. For a more comprehensive list of questions and answers about Pascoe Vale Gardens please call us on (03) 9300 3099