The Difference Between a Lifestyle Community and a Retirement Village

Making the decision to move out of your family home and start your next chapter can be an emotional time, and with many living options to explore the experience can be overwhelming. Two of the most popular options for those over 50 are land lease  communities and retirement villages. What is the difference between a land lease community and a retirement village? We are glad you asked, below we explore the benefits of downsizing to a Hometown Australia Community.

Independent Living

An exciting new way of living, Hometown Australia Communities are designed to elevate the over 50s (in some regions 55s), living experience by offering communities that are vibrant, affordable, secure, and teeming with amenities. You don’t need to be retired to live in a Hometown Australia Community, offering a great transition for those who are still ‘in between’ but looking to downsize.

</> Downsizers can enjoy independent living, meet like-minded people, and stay physically and social active by enjoying the community amenities which can include a pool, spa, bowling green, tennis court, clubhouse, and croquet court to name a few. Being part of a land lease community, you experience a sense of community and security with neighbours sharing similar lifestyle aspirations.

With a number of communities throughout Australia, each location is close to essential amenities, and services. Some communities are located in Australia’s premier holiday destinations including Fraser Coast, Moreton Bay, Fleurieu Peninsula, and Port Stephens, making it possible to live in a sought-after location without the heft price tag.

Pictured: The picturesque Port Stephens on the coast of NSW

Understanding Land Lease Living

Land lease communities mean that the residents own the dwelling and have a long-term lease over the land on which it stands. Hometown Australia offer both resort and boutique style communities, providing true value for money, without the high entry and exit fees often associated with other retirement living options.

 

Hometown Australia offer homes that are both new and pre-loved, with options to suit your needs and budget. New homes are thoughtfully designed for over 50s to enjoy the ease of everyday living without compromising on quality or space. Those looking to downsize are met with design options that offer large areas for entertaining guests, all whilst being part of a secure community.

Pictured: Discover the home designs including quality appliances

Financial Benefits

There are many financial benefits of Land Lease Living including:

• No stamp duty payable

• No council rates

• No deferred management fees that can be part of moving into, or out of, a retirement village

• You may be eligible to claim Commonwealth Rental Assistance

• You also retain 100% of your capital gains as a cash profit when you sell your home. In many retirement living options, your agreement may force you to share your capital gains with the retirement village management. Living in a Hometown Australia Land Lease Living community means that more money stays in your pocket.

To learn more about Land Lease Living and to explore the many Hometown Australia Communities visit the website.