Independent Units

Independent Living Units

Emmerton Park have 1 and 2 bedroom units plus villas which are situated in Upper Grant Street, Gardner Avenue and Nelson Street in Smithton and Main Road Stanley.
We currently have 45 units in Upper Grant Street, 12 units in Nelson Street, 5 in Gardner Avenue and 5 in Stanley.
Examples of Costing refer below:
Note:

  • Body Corporate fees, sometimes referred to as Rent vary for single occupants and couples.
  • If higher Entry Contributions are paid the rental costs decrease.

1 Bedroom Unit
$10,000 Entry Contribution – Retention - 30% over 7 years

Year Percent Amount
Year 1 5% $500
Year 2 5% $500
Year 3 5% $500
Year 4 5% $500
Year 5 5% $500
Year 6 2.5% $250
Year 7 2.5% $250
Total 30% $3,000

 

Body Corporate Fee (Single Occupant) = 25% of single pension (currently $860.20) $215.05 per fortnight / $15.36 per day.

2 Bedroom Unit
$25,000 (minimum contribution) Entry Contribution – Retention - 35% over 7 years

Year Percent Amount
Year 1 5% $1,250
Year 2 5% $1,250
Year 3 5% $1,250
Year 4 5% $1,250
Year 5 5% $1,250
Year 6 5% $1,250
Year 7 5% $1,250
Total 35% $8,750

 

Body Corporate Fee (Single Occupant) = 32% of single pension ( Currently $860.20) $275.26 per fortnight / $19.66 per day.
Body Corporate Fee (2 Occupants) = 24% of couple age pension (currently $1,296.80) $311.23 per fortnight / $22.23 per day.

Villa Unit
$150,000 (minimum contribution) Entry Contribution – Retention - 40% over 7 years

Year Percent Amount
Year 1 6% $9000
Year 2 6% $9000
Year 3 6% $9000
Year 4 6% $9000
Year 5 6% $9000
Year 6 5% $7500
Year 7 5% $7500
Total 40% $60,000

 

Body Corporate Fee (Single Occupant) = 19% of single pension (Currently $860.20) $163.44 per fortnight / $11.67 per day.
Body Corporate Fee (2 Occupants) = 14% of couple age pension (currently $1,296.80) $181.55 per fortnight / $12.96 per day.

New Villa or RTO Unit
$250,000 (minimum contribution) Entry Contribution – Retention - 40% over 7 years capped at $200,000

Year Percent Amount
Year 1 6% $12000
Year 2 6% $12000
Year 3 6% $12000
Year 4 6% $12000
Year 5 6% $12000
Year 6 5% $10000
Year 7 5% $10000
Total 40% $80,000

 

Please contact 03 64529400 for more information in relation to these units.
Emmerton Park is also proud to announce we are in the planning and design process for a new unit resident’s activity centre at our Upper Grant Street complex. This will provide state-of-the-art facilities for out residents to enjoy social, physical and health wellbeing activities, full commercial kitchen for functions as well as a library and computer facilities. It will also have a recreational facilities such as a putting green and indoor bowls.