To live in a Sunshine Village, a lease hold scenario will take place where the resident will own the own house/cabin or room but pay a rent for the land which is owned by SV. This monthly rent contribution goes towards the cost of running the community and a provision of shared facilities.
Only a resident can purchase accommodation which is designed to keep prices as affordable as possible at the time of buy-in. A capital growth of each property may take place depending on location, home type & size as well as demand and market conditions. Sunshine Village therefore cannot guarantee any capital growth amount.
Deferred Management Fee (DMF) or sometimes referred to as an exit fee or departure fee, is a one-off cost which isn't payable until you sell your retirement village home - helping residents offset the cost of retirement living by reducing the initial upfront cost.
This fee is a scaled percentage, capped at a maximum of 20% of your sale price after 5 years.
