WHY LAND LEASE COMMUNITIES
- No Stamp Duty.
- No costly entry fees.
- No deferred management (DMF) or exit fees.
- You own your own home keeping 100% of any capital gains.
- Your site fee cover Council, Waters rate and ESL
- Yo may be eligible for Commonwealth rental assistance.
- Residents are eligible for ongoing state government cost of living concessions.
- No Stamp Duty.
- No costly entry fees.
- No deferred management (DMF) or exit fees.
- You own your own home keeping 100% of any capital gains.
- Your site fee cover Council, Waters rate and ESL
- Yo may be eligible for Commonwealth rental assistance.
- Residents are eligible for ongoing state government cost of living concessions.
You have the security of owning your own home while your enduring right to occupy the land is protected by the Residential Parks Act 2007 (which also ensures sound operational practises for communities).
As the value of land increases so does the value of your property. Also, your new home is part of your estate as a willable asset
You have the security of owning your own home while your enduring right to occupy the land is protected by the Residential Parks Act 2007 (which also ensures sound operational practises for communities).
As the value of land increases so does the value of your property. Also, your new home is part of your estate as a willable asset
Land Lease growing in popularity
26% of homeowners plan to downsize in the next five years! Data reveals that key considerations in this decision are a supportive setting and a contemporary low-maintenance home. This is expected to create a rush on suitable homes.
A Best Life Lifestyle Community provides you with the perfect mix of lifestyle, location and benefits. It is securely gated for peace of mind, limited to permanent residents over 50 years and offers bespoke 2 and 3 bedroom homes and extensive community facilities. It is a smart alternative to the traditional retirement village ownership model, or to remaining in your house.
Retirement Villages
vs Land Lease Communities
Many people look at downsizing to either a
Retirement Village or Land Lease Community,
however there are important differences.
In both models, the land is owned by the operator:
- In a retirement village you pay market value for a dwelling and are granted a licence to occupy it.
- You pay ongoing monthly fees, but of most concern are the exit or deferred management fees. These are normally a percentage of the value of the home accrued over a period of time
and may be anywhere between 25 – 50% after 10 years! In some cases capital gains must also be shared with the operator. - In a land lease community, you don’t pay for the land which you occupy under a secure site lease. You pay a modest rental and own the house on the site outright. The house can be sold or left to your relatives with no exit fees and you keep all capital gains. Even better, recipients of Commonwealth payments are eligible for rental assistance for the site fee.
Where Memories are Made