RESIDENTIAL FEES

The Residential Fee is the fee for occupying a room at the Village and enjoying the facilities of the Village for residents. The Fee is payable in advance on a fortnightly, half yearly or yearly basis. Fortnightly payments will be direct debited to residents’ bank accounts or nominated credit card (VISA or Master Card). A schedule of dates for debiting of payments will be provided to residents who pay fortnightly.

After accepting an offer of accommodation at the Village, you are required to sign a formal Residential Agreement with the Village. The Agreement will set out in detail the arrangements for the occupation of a room in the Village and the rights and obligations of both you and the Village.

Residential Agreements are for a 52 week period commencing on 1 January and ending 31st December. Residential fees are payable for the entire 52 week period from 1st January. First year students may need to contact Village management regarding their exceptional requirements.

You will be entitled to occupy your room throughout this period. You will not be required to vacate your room during the year break and you can continue to occupy your room between the end of the academic year and 31 December if you wish — for example, if you are working in Sydney.

However, all residents have the option of vacating their room at the end of the academic year and making the room available for the Village to let out during the summer vacation period. If you prefer this alternative, the room will be put into a rental pool and a proportional rebate of the residential fee for the remainder of the academic year will be paid to you. The amount of the rebate will be dependent on the levels of occupancy of pooled rooms during the summer vacation. In the event that one bedroom in an apartment is vacant, the other occupants of the apartment will not incur any additional residential fees.

Even before taking the rebate into account, the Village fees for 52 week occupancy are comparable with the costs which you would incur for other accommodation. Most residential leases for private accommodation are for 52 weeks and there are many add on costs, including travel costs. Most University Colleges charge for two semesters, but the total annual fees for the Village compare favourably with the cost of College accommodation for the shorter period.

(additional charges apply for all credit card payments)

The cost of utilities is fully included in the residential fee.