FAQ
Who is Kado Group?
With over 20 years of experience in the retirement sector, Kado Group brings a wealth of knowledge and a passion for creating boutique retirement living focused on health and wellbeing.
WHAT IS THE SECURITY OF TENURE?
At Kado Residences , you will enter into a 99-year Leasehold Agreement, which is registered on the property title.
Kado Group operates under the stringent regulations set forth by the NSW Department of Fair Trading and the Retirement Villages Act 1999 (QLD).
These laws are designed to safeguard the rights and interests of residents in retirement villages, providing you with robust legal protections.
ARE THERE ANY ONGOING FEES?
To ensure the smooth operation and maintenance of the community, residents contribute to the day-to-day expenses through an annual levy, which is calculated and paid on a fortnightly or monthly basis.
This levy is structured as not-for-profit account, ensuring transparency and accountability.
ARE THERE ADDITIONAL CHARGES FOR USE OF WELLNESS AMENITIES?
Residents have unrestricted access to various communal and wellness amenities that promote health and well-being. However, some amenities require consumables, which will incur separate charges. This policy maintains balanced accessibility without affecting the village service fee for those seeking additional treatments.
ARE VISITORS WELCOME?
Resident safety and enjoyment are top priorities in retirement villages. While friends and family are welcome to visit regularly, we do have rules in place to protect the rights of residents and operator obligations.
Can my pet live with me?
Absolutely. At Kado, we understand that pets are family too, and your furry friend is more than welcome in our communities.
What is the purchase model at Kado Group?
At Kado Group, we use a deferred management fee (departure fee) model. This means residents can access premium living with lower upfront costs, deferring part of the payment until they leave Kado Residences.
How does the departure fee work?
The departure fee is a percentage of your original ingoing contribution (not the resale value), accruing over time. It is deducted when your apartment is resold. Here’s the departure fee accrual schedule:
What happens with any capital gain when my property is sold?
Kado Group shares any capital gain between the resident and the operator. This means if your unit’s value increases, you benefit from that growth alongside Kado.
How is Kado’s model different from traditional retirement village models?
Unlike many traditional models:
- Shared capital gains: You share in the profit if property values rise.
- Cost of reinstatement: Kado Group covers the cost of reinstatement (subject to final contract confirmation).
- Ongoing reinvestment: Kado reinvests deferred fees into upgrading facilities, landscaping, technology, and community amenities, continually enhancing village life.
Why does Kado use a deferred fee model?
This model makes premium village living more accessible by:
- Reducing upfront costs
- Giving residents greater financial flexibility to enjoy their lifestyle
- Aligning residents’ and the operator’s interests for long-term community success
Where are the deferred fees invested?
Deferred fees are strategically reinvested into:
- Facility upgrades and maintenance
- New services and amenities
- Landscaping and common area improvements
- Technology enhancements for comfort and safety
Will the fees or structures change after I move in?
No, the departure fee percentage you agree to at entry remains fixed, ensuring transparency and peace of mind.
What is meant by 'cost of reinstatement'?
Kado intends to cover the cost of reinstating your unit before resale (subject to final legal confirmation). This removes a potential financial burden when you leave.
How does this model benefit residents?
Residents benefit from:
- Lower initial outlay
- Shared financial growth through capital gains
- A well-maintained, evolving community
- A premium lifestyle without the worry of ongoing reinvestment costs
Where can I get more detailed financial advice?
We recommend speaking with your legal or financial advisor to fully understand your individual circumstances. Our team is also available to walk you through the details and assist with any questions.
Experience elevated retirement living in a boutique coastal setting.
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