Costs and how to compare prices
Costs will vary according to the type of burial or cremation memorial chosen, the specific location you choose for a memorial within a cemetery and the choice of the cemetery itself. Whenever you are given a quote, make sure that that it covers all of your needs.
Costs vary, based on a number of different factors.
- Burial or Cremation. While many people believe that cremation is less expensive than burial, this is not necessarily the case. Costs will depend upon the memorial location within the cemetery and the type of memorial option chosen.
- Choice of cemetery. It may be the case that costs will be higher in historic cemeteries as there may be very little available land and, therefore, limited opportunities to purchase. In these instances, it is important that fees are set at an appropriate level to contribute to the ongoing maintenance of the cemetery.
St Kilda Cemetery is a not-for-profit, community-based cemetery.
As we are administered by the Southern Metropolitan Cemeteries Trust, all prices are approved by the Department of Health and are government gazetted.
At St Kilda, we offer an extensive range of burial and cremation memorial options to suit a variety of needs. Prices will vary, depending on the nature of your preferences. Our Client Services Consultants will carefully guide you through your options.
For more information on pricing, please visit Graves, Crypts and Cremation.
When comparing prices it is important to ensure that:
- what you are being quoted, covers all of your needs. For example, purchasing a grave not only involves the cost of the land itself but also requires a fee to be paid for the interment. Always enquire about any additional fees.
- if you are comparing costs between cemeteries, you are comparing like locations. If you are unsure, our Client Services Consultants will advise you.
- you have viewed the locations that have been quoted to ensure that they meet your expectations. Choosing a location is an important long-term decision.
Many families choose to benefit by planning ahead and securing positions at today’s prices in a not-for-profit community cemetery. This gives them peace of mind knowing that requests will be honoured and family members will be saved from making difficult decisions at an emotional time.
Advantages of planning ahead at St Kilda Cemetery
- You will be protected against future price increases. Fees are locked in upon the deposit being paid and, therefore, you are able to purchase for a future need at today’s prices.
- As St Kilda Cemetery is administered by the Southern Metropolitan Cemeteries Trust, your funds are securely invested in a not-for-profit organisation that has been serving the community since 1852.
- Family members are not burdened financially. When decisions are made and paid for in advance, there is nothing more to pay and no ongoing fees.
- Purchasing ahead of time provides an opportunity to secure specific locations so that memorials of family members will be positioned together.
- Key decisions are made and accurately recorded to ensure that wishes are carried out and family members are reassured that they are doing what was wanted.
- You also have the option of purchasing now with interest-free, extended payment terms available.
- Cemetery plots are not counted as assets and therefore do not impact pension payments.
- You have the ability to cancel in the future, if required, and receive a refund. Refunds for cemetery plots are based on the current day value e.g. if you purchase today and cancel in 10 years time, the refund is based on the price in 10 years time, not the price originally paid.
If you would like to arrange an obligation free appointment to discuss the options available, please contact us.
Beware of alternative pre planning options
If you have considered alternative ways of pre-paying funeral expenses, please ensure that you understand what you are receiving.
It is important to understand that:
- some providers allow you to make small regular payments over a period of time, however often the price is not fixed until the last payment is made
- only some pre-paid funeral plans offered by funeral directors offer a refund if you wish to cancel
- funeral Bonds offered by Friendly Societies and Life Insurance Companies may attract annual fees, which can vary. Also, the money invested can only be used to cover your funeral and cannot be accessed earlier or for any other reason.
Beware of the fine print with funeral insurance given:
a. during the first 12 or 24 months, you are usually only covered for accidental death
b. the older you are, the higher the premium
c. missing the payment of a premium will mean that you are no longer covered. The entire benefit is lost and all past premiums paid are forfeited
d. with a typical contract, from age 60 to age 85, for a $15,000 payout, premiums amount toapproximately $54,593*. This is likely to be many times the cost of one funeral!
* Rice Warner Actuaries Report, September 2010.
Please note. If you have already committed to Funeral Insurance, please talk to one of our Client Services Consultants who will guide you in relation to your options.
Comparing the Alternatives
|St Kilda Cemetery||Pre-paid via Funeral Director||Funeral Bond||Funeral Insurance|
|Government protected and underwritten||Yes||No||No||No|
|Covers all cemetery costs at a fixed price||Yes||Yes||Not guaranteed
|Free from ongoing costs
|Refund provided for cancellations||Yes||No||No||Not after 30 days|
|Location secured||Yes||Not guaranteed||No||No|
For further information about the benefits of planning ahead
Please call us on (03) 9349 3014 or complete the form below.