Understanding What a Land Lease Community Can Offer

What is the difference between a land lease community and a retirement village? This is a question often asked by those over the age of 50 who are exploring their living options. Whether you’re taking the time to discover what is important in life and making a change towards a lifestyle you would like to live, looking to downsize from your family home or enjoy some of the financial benefits offered by land lease community living, it is important to explore all options.

Let’s answer some of those frequently asked questions to assist in understanding what land lease community living could offer you.

What is a Land Lease Community?

An exciting new way of living! Hometown Australia provides land lease communities that are designed to elevate the over 50s (in some regions 5ss) living experience by offering communities that are vibrant, affordable, secure, and teeming with amenities. You don’t have to be retired to live in a Hometown Australia community with many residents still working or ‘somewhere in between’ as they transition into the next stage of life.

 

One of the many reasons those over 50 enjoy living in a Hometown Australia community is the access to amenities such as the community swimming pool, bowling green, tennis court, gyms & wellness centre, and clubhouse to name a few. Whilst others enjoy the opportunity to live in a world class holiday destination without the hefty price tag. By being part of a community, you experience a sense of community and security with neighbours sharing similar lifestyle aspirations.

 

Hometown Australia offers both pre-loved homes and innovatively designed homes for those over the age of 50 with the average home prices starting below the median house price in most locations. Hometown Australia firmly believes that whilst you may be downsizing this shouldn’t mean compromising on quality with new homes designed for low maintenance, flexible, and easy living.

 

Visit our website to discover your dream home across Hometown Australia’s Communities.

What are the Financial Benefits of a Land Lease Community?

There are financial benefits of living in a land lease community that are different to living in a retirement village due to the Land Lease Living model.

 

The 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 or in some cases the manager may receive all your capital gain on sale. Living in a Hometown Australia Land Lease Living community means that more money stays in your pocket.

Understanding the Land Lease Living Model

Hometown Australia communities can also be referred to as land Lease living communities. This means residents own the dwelling and have a long-term lease over the land on which it stands. Hometown Australia offers 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.

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