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11 November 2021

How Much Does It Cost to Live in a Land Lease Community?

How much does it cost to move into a Hometown Australia Community? You are not alone if this is a question you are asking yourself whilst looking at your options when considering downsizing.

 

“This is one of the most commonly asked questions by those who are considering selling their family homes and moving to a community. This is a monumental decision and one that we take great pride at Hometown Australia in making sure potential home owners are comfortable with the decision they are making,” said Christopher Ryder, Sales Consultant at Jacaranda Grove Community.

 

We spoke with Christopher to gain an understanding of the financial benefits of moving into a Hometown Australia  Community and answer some of the most frequently asked questions.

 

What is a Land Lease community?

Christopher Ryder: Hometown Australia Land Lease Communities are designed for the over 50s looking to downsize and join a community where they can live independently, meet like-minded people, enjoy an active, and social lifestyle.

 

There are 53 communities to choose from across New South Wales, Queensland, and South Australia. Many of these communities are ideally located in holiday hotspots such as Queensland’s Sunshine Coast and Moreton Bay, NSW’s enviable mid-north coast and Port Stephens region, and South Australia’s Fleurieu Peninsula. There is a lifestyle to suit many with a choice of coastal, country, and urban living.

 

Each over 50s community features their own wonderful amenities from swimming pools, lawn bowls, cafes, club houses, and gym & wellness clubs. Hometown Australia pride themselves on building quality homes that are designed for every day living with an array of designs and features to choose from to build your dream home.

 

The best thing is you don’t need to be retired to live in a Hometown Australia Community. Perhaps you are looking to downsize, move to a secure gated area or are looking to be part of a community. We welcome you to explore an exciting new way of living!

 

How does Hometown Australia over 50s living work?

CR: There are many financial benefits to consider when moving to a Hometown Australia Community which includes no stamp duty. Stamp duty is not payable on the purchase of your home which can save you thousands of dollars to spend on the lifestyle you deserve. This can see a healthy boost to your savings, considering the Property Council of Australia suggests you can spend up to $75,000 in stamp duty and other costs. There are no council rates, and you retain capital gains. Peace of mind is knowing that with Hometown Australia, you, or your family, keep 100% of capital gains as cash profit unlike other living choices where it is likely that the village will share in any capital gains from the sale of your home. Lastly, there are no exit fees, this means when you sell your home you won’t pay any exit fees or be charged with ‘deferred management fees.’

 

What is Land Lease Living?

CR: Home owners purchase a dwelling and then benefit from a secure, long-term ground lease with Hometown Australia. This means no stamp duty, council fees or entry and exit fees.

What are the financial benefits of Land Lease Living versus a retirement village?

CR: At Hometown Australia our Land Lease Living communities provide true value for money, without the high entry and exit fees often associated with other retirement living options. When you sell your home at Hometown Australia, you won’t pay any exit fees unlike ‘retirement villages‘ where you can be charged exit fees or ‘deferred management fees’ which are accrued over time.

Is there a home to suit my budget?

CR: Hometown Australia strive to provide residents with an affordable and inspiring lifestyle with retirement homes available across different price points. Home owners have the option to choose from quality homes that are built new or pre-loved homes to suit your needs and budget. A benefit of living in a Hometown Australia Community is having the freedom to travel and to lock up and leave your home with the peace of mind knowing it is within a safe gated community.

The Jacaranda Grove Community offers the relaxed lifestyle of country living with the opportunity to meet like-minded people and enjoy in a busy social calendar. The community has an array of amenities for residents to enjoy. Whether it is relaxing by the pool, hosting a BBQ with friends and family, or enjoying a game of pickleball.

Located on the NSW north-coast the community is surrounded by natural wonders with several National Parks and the Clarence River on your doorstep. Spend time on the river fishing or enjoy a bushwalk through Yuraygir National Park. The community has the ease of access to the nearby shops, clubs and health services and is a scenic 2-hour drive from the Gold Coast.

In March 2022, Jacaranda Grove will be announcing the sale of new home designs. Homes have been thoughtfully designed and fitted with quality features with some designs including larger decks, tandem carports, stone kitchen tops, air-conditioning, and fully landscaped gardens. There has never been a better time to find a home like you have never known!

For further information please contact Christopher Ryder, Sales Consultant, cryder@hometownaustralia.com.au.

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New and pre-loved Homes

There are many ways to live in a Hometown community

New HomesYou have the option to customise your home and make it yours, with a choice of facades, colours and finishes.
New HomesYou have the option to customise your home and make it yours, with a choice of facades, colours and finishes.
New HomesYou have the option to customise your home and make it yours, with a choice of facades, colours and finishes.
New HomesYou have the option to customise your home and make it yours, with a choice of facades, colours and finishes.
The benefits of Land Lease compared to a Retirement VillageFind out the benefits
iconNo stamp duty
iconRetain capital gains
iconNo council rates
iconNo exit fees
A new way of living