LAND LEASE COMMUNITIES

When it comes time to think about retirement there is much to consider. A significant part of which is “where would I like to live?”, “can I afford to move there?”, “what type of accommodation is available?”

Let’s take one thing at a time and consider all the possible options in beautiful down town Yamba and surrounding areas.

LAND LEASE PROPERTIES

Land lease communities in Australia offer a range of benefits, especially for retirees looking for affordability, lifestyle perks, and financial flexibility. Here’s why they’re a popular choice:

Financial Benefits

• Lower Entry Costs: Homes in land lease communities are often more affordable than traditional housing, as you buy the home but lease the land.

• No Stamp Duty: Since you’re not purchasing land, you don’t pay stamp duty—saving thousands.

• No Council Rates: Residents usually aren’t responsible for council rates, as the community operator handles them.

• Government Rent Assistance: If eligible, you may receive Centrelink Rental Assistance, reducing costs further.

Lifestyle & Community

• Resort-Style Living: Many communities offer pools, gyms, clubhouses, and social events tailored for retirees.

• Secure & Friendly Environment: Gated communities with like-minded neighbors create a safe and social atmosphere.

• Low Maintenance: Often, communal gardens and public areas are maintained by the operator, reducing upkeep.

Flexibility & Investment Potential

• More Financial Freedom: Selling a traditional home to move into a land lease community can free up equity for travel or leisure.

• Retain Capital Gains: Unlike retirement villages (where capital gains may be shared), many land lease communities allow homeowners to keep any profit when they sell.

• No Exit Fees: While some retirement villages have hefty departure fees, land lease communities often do not.