With the Deferred Management Fee (DMF) already replaced at the For Purpose Not For Profit's Woolooware Shores retirement village in Taren Point, 18km south of Sydney’s CBD, the operator has taken it to a new village with staggering results.

Residents of the five retirement villages at the Castle Hill site, located 34 km northeast of Sydney’s CBD, were surveyed to determine if they would like to be part of the second village to adopt the Village Membership model. This model, inspired by LDK Seniors’ Living’s Village Membership, shifts residents away from the traditional DMF model.

“The lowest vote was 95%,” said Laurie Boxwell, Group Executive Seniors Communities. “Across the five villages, only 12 residents voted against it.”

“We are now going to a legal variation of their contract to formalise the village model.”

Laurie said LDK Seniors’ Living was heavily involved at Woolooware Shores, where only 25% of residents require additional care through the model now. Resources have tripled at the location with a Registered Nurse on duty 24/7.

“We are going it alone at Castle Hill and far more than 25% will need that additional care that the model allows.”

Laurie said it would not be possible to introduce the Village Membership model in all its 25 villages.

The Weekly SOURCE understands it is targeting 16 locations where there is the scale to make a Village Membership model possible.

Get the most important industry news straight to your inbox. Subscribe to our free newsletter: https://www.theweeklysource.com.au/newsletter-subscription-form