The key financial considerations for downsizers and empty nesters considering moving into a community like Piara Waters are usually the ingoing, ongoing and outgoing costs.

Knowing this, when we introduced our new Providence Resorts model to Western Australia, we took care of the outgoing costs by removing the need to pay exit fees when the time comes to move out. That means, Providence buyers enjoy all the capital gains when they sell in the future!

The ingoing cost – the price of the home when you buy – is slightly higher in our communities, in part because there are no exit fees (there’s also zero stamp duty). The other reason for this is that our beautiful, contemporary homes are packed with premium quality products, fixtures, fittings, insulation, and stoneworks, to name a few.

As one example, the low-maintenance landscaping package provided at Providence Resorts is
worth around $12,000, compared to the average $4,000 basic package in similar developments.

In terms of ongoing costs, there is a weekly fee. Providence homeowners pay $230 a week for a single person and $240 a week for couples – and the Federal Government offers rent assistance
of about $75 a week off that, for people on the pension. That brings the weekly rent down to about $155 for a single and $165 for a couple. What’s covered by this fee? Power costs, council and water rates, land tax, and year-round access to all the incredible Resort facilities, including our security infrastructure.

According to the ASFA Retirement Standard (September 2022), most retirees can expect to pay about $55.07 a week in electricity and gas. However, at Piara Waters, homeowners are provided with 12 kwH of energy per day free – for at least a decade – and there’s no gas required. So, by being part of an environmentally conscious community, our residents are actually saving money.

If, on top of that, if you choose to make the switch to an electric vehicle, you can charge your car by plugging into the Resort’s solar micro-grid, saving you even more. As an added bonus, homeowners will also have access to the Resort bus and shared electric vehicles and bikes at Piara Waters, if you wish to get rid of your car altogether.

So, if you’re ready to start reducing your living costs, compared to being out in the suburbs, and upsizing your lifestyle in our gated community, contact our friendly team today.

Information in this article is true and correct as of 27 March 2023.