Buying at Oceangrove is straightforward, and our sales manager will guide you through the process.
Request Sales InformationStart your journey.
Buying at Oceangrove is straightforward, and our sales manager will guide you through the process.
Understanding the financial considerations
We aim to provide you with all the information you need to make an informed decision about purchasing an apartment within Oceangrove. Oceangrove Seniors Living Village operates under Leasehold arrangement. You pay an upfront payment, called an ingoing contribution, and this entitles you to live in your apartment for a lease period of 99 years. There is no Stamp Duty payable. For further information for moving into a retirement village, please visit www.fairtrading.nsw.gov.au. Please also refer to our FAQs, which answer questions in further detail.
Join our priority waitlist
Oceangrove maintains a waitlist for people considering a move into Oceangrove. We encourage anyone looking to secure an apartment to complete a priority wait list application form, to be kept informed when available apartments come up.
Join our waitlistBefore moving into Oceangrove
You pay an ingoing contribution.
While living at Oceangrove
You pay monthly recurring fees
When you leave Oceangrove
You pay a departure fee, also known as a Deferred Management Fee (DMF)
You pay 50% of any capital gain (100% of any capital loss)
For further information for moving into a retirement village, please visit www.fairtrading.nsw.gov.au.
Please also refer to our FAQs, which answer questions in further detail.
Frequently Asked Questions
Benefits of buying at Oceangrove
Stamp duty savings
As Oceangrove is under Leasehold arrangement, there is no stamp duty to pay when you move into Oceangrove.
A share of capital gain
When you choose to move out, you will share in the increase in value of your apartment with the operator, Dee Why RSL.
6-month guaranteed buyback
Dee Why RSL guarantees to purchase the apartment back at an agreed resale value, if your apartment hasn't sold with 6 months of leaving.
