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Drummond Place

Retirement villageExistingOperator unverified·500 Drummond Street, Carlton VIC 3053
This is a retirement village. Operated under the state Retirement Villages Act. Residents typically hold a long-term lease or loan-licence — you don't own the unit outright. A Deferred Management Fee (DMF) usually applies on exit (commonly 25–35% over 5–10 years). How DMF works →
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About

Drummond Place is an established retirement village located in Carlton, Victoria. The village provides a ready-made community for residents seeking a vibrant inner-city lifestyle with convenient access to local amenities.

Residents enjoy access to a range of facilities designed to support an active and connected life. These include a private dining room, movie theatre, rooftop terrace, private meeting rooms, and a dedicated wellbeing centre—all supporting both social connection and personal wellness.

Drummond Place operates as a retirement village community. Please note that the village maintains a no pets policy.

The facts

Accommodation type
Retirement village
Development status
Existing
Address
500 Drummond Street, Carlton VIC 3053
Year built
Operator to confirm
Bedrooms
Operator to confirm
Pet policy
Operator to confirm

Amenities (6)

Reception areaPrivate dining roomPrivate meeting roomsMovie theatreRooftop terraceWellbeing centre

Location

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Related guides

DMF (Deferred Management Fee) explained — Australia, 2026

The Deferred Management Fee is the largest single cost in most Australian retirement village contracts — typically 25%-40% of the unit's purchase or resale price, accruing over 3-10 years. This guide covers how DMFs are calculated, recent NSW 2025 and Victoria 2026 reforms, pension implications, and when a no-DMF contract is the better choice.

Loan-licence vs leasehold vs strata: village contract types in Australia

Three contract structures dominate Australian retirement villages. Each has different implications for ownership, capital gain, exit terms, and stamp duty.

20 questions to ask before signing a village contract

A retirement village contract is one of the largest financial decisions a household will make in retirement. These are the 20 questions that surface the answers the brochure does not.

Frequently asked questions

  • What amenities and facilities does Drummond Place have?
    Drummond Place offers a range of shared facilities including a reception area, private dining room, private meeting rooms, movie theatre, rooftop terrace, and a wellbeing centre. These spaces are designed to support both social connection and personal wellness for residents.
  • Are pets allowed at Drummond Place?
    Pets are not listed as a permitted feature at Drummond Place. If you have a pet or are considering one, we'd recommend contacting the village directly to discuss their specific pet policy and any possible exceptions.
  • Where is Drummond Place located?
    Drummond Place is situated in Carlton, Victoria, an inner-city suburb known for its tree-lined streets, cultural venues, and proximity to Melbourne's CBD. It's a vibrant area with good access to local shops, services, and public transport.
  • What kind of community is Drummond Place?
    Drummond Place is a retirement village—a housing community specifically designed for over-55s residents. In a retirement village, residents typically enjoy independent living in their own homes while having access to shared facilities and a community of peers.

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Nearby villages

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