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What are your sales office hours?
Walkthroughs are available Monday - Thursday between 9am - 3pm
To book an appointment, please contact our Village Manager on 0448 729 308
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What is the process of buying a property in this village?
Make an appointment to speak to an Elements representative. At this initial appointment, you will be given time and information to address any of your concerns. We are here to take care of the little things right from the beginning and can assist you every step of the way. At this appointment, you will be given a general inquiry document that will answer many of your questions pertaining to Elements. Once you have made the decision and wish to consider moving forward with a purchase our sales staff will provide you with a copy of our disclosure statement, which clearly sets out the structure of the development.
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Elements homes are sold as leasehold and not a freehold purchase with strata - Why?
Leasehold is the most common form of retirement living in Australia. You have your name on the title and similar rights as a freehold title but with major financial benefits. You will not have to pay stamp duty on your new home, which will be a significant saving. Your financial adviser will be able to answer many of your individual questions. When it comes time to sell your home at Elements a new lease will be granted. This form of Retirement Village living is very well protected under the Retirement Villages Act ensuring your security at all times. This also protects you from the high costs sometimes associated with strata villages.
Further details can be found on the NSW Department of Fair Trading site http://www.fairtrading.nsw.gov.au
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What happens if you want to sell your retirement home?
When you decide to sell your retirement home, the Operator’s representative will work with you or your authorised representative to determine the most suitable resale approach, in accordance with the Retirement Villages Act 1999 (NSW), the Retirement Villages Regulation 2025 and your village contract.
You may choose to:
- Appoint a licensed real estate agent of your choice; or
- Appoint the village Operator to manage the resale process.
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What are the ongoing costs?
Please refere to the General Enquiries Document.
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Why Deferred Management Fees?
There are large costs associated with the infrastructure and high standard of facilities. In order to keep the initial cost of such superior finishes as low as possible and so you have the advantages of a great lifestyle, it is common practice to defer these costs until after you leave and your home is sold. Elements departure fee is 5% per year capped at 7 years = 35% off the exit price.
This fixed formula is again reassuring as you and your family are assured of the costs from the outset (no hidden, ongoing charges). As it is the responsibility of the operator to refurbish your home to ensure the high standard is retained. This once again guarantees peace of mind.
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Who keeps the capital gains when my home is resold?
Residents retain the full capital gain on the sale of their unit, subject to the terms of their retirement village contract.
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What if I can’t sell my current home before settlement is due?
The operators of the village are available to liaise with you during the process of the sale of your home and the timeframe needed to move into your new home at Elements. Therefore it is important you communicate any difficulties you may foresee with meeting settlement. This gives the Elements management an opportunity to work with you for a smooth transition.
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Can I make changes to my home?
Any changes you wish to make to your chosen dwelling must be addressed with the operator of the village. If changes are made this will be noted and a special alteration request form issued to the village manager for review and confirmation. Any additions or changes are at your own expense and will need to be restored to original form prior to resale. Please note each addition or change will be judged on an individual basis and appropriate action taken after consultation between the owner of the home and the operator.
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Who Manages the Village?
Toronto Workers Club has been a huge participant in the Toronto Community and extended West Lakes area for over fifty (50) years. With the successful experience behind them, they are well equipped to manage and guarantee a formidable Retirement Village. It is added security to have an operator who is already established and invested in the area and therefore has your best interests at heart.
