{"id":1024,"date":"2022-09-14T03:33:00","date_gmt":"2022-09-14T03:33:00","guid":{"rendered":"https:\/\/villages.com.au\/?p=1024"},"modified":"2022-09-21T03:34:01","modified_gmt":"2022-09-21T03:34:01","slug":"is-a-land-lease-community-right-for-your-retirement","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/lifestyle\/is-a-land-lease-community-right-for-your-retirement\/","title":{"rendered":"Is a land lease community right for your retirement?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1024\" class=\"elementor elementor-1024\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5dcf86f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5dcf86f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-293419f\" data-id=\"293419f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e6d686 elementor-drop-cap-yes elementor-drop-cap-view-stacked elementor-widget elementor-widget-text-editor\" data-id=\"2e6d686\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>L<strong>and lease communities are exploding in popularity, and for good reason!<\/strong><\/p><p>They bring together <strong>community, great facilities, and an active lifestyle<\/strong>. Plus, they do it all for an extremely affordable price. Across the country, Aussies in their mid-50s to late-60s are flocking to this new type of retirement living.<\/p><p>In this blog, we\u2019ll take a quick look at <strong>land lease communities and the costs involved<\/strong> in joining one.<\/p><p>\u00a0<\/p><h2><strong>What is a Land Lease Community?<\/strong><\/h2><p>A land lease is a different model from traditional home ownership, or even buying into a retirement village. The key divergence is that in this model <strong>you own your home but <em>not<\/em> the land it sits on<\/strong>. The land is instead <em>leased from the operator<\/em>.<\/p><p>This means <strong>you <em>only<\/em> pay upfront to buy the house itself, making the whole transaction significantly cheaper<\/strong><em>.<\/em> Even better, you don\u2019t pay stamp duty and, unlike retirement villages, in most cases you don\u2019t pay a fee when you sell, like a deferred management fee. \u00a0<\/p><p>The cherry on top is the <strong>great facilities<\/strong> a lot of land lease communities have. Think everything from pools, bars and gyms to indoor cinemas and even golf simulators!<\/p><p><strong>\u00a0<\/strong><\/p><h2><strong>How much does buying into a land lease cost?<\/strong><\/h2><p><a href=\"https:\/\/villages.com.au\/qld\/arundel\/seachange-arundel-3801?minPrice=&amp;maxPrice=&amp;category=\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1237\" src=\"http:\/\/www.getstaged.co\/site_1\/wp-content\/uploads\/2022\/09\/LLC-Seachange-Arundel-Lifestyle-Communities-Op-2-1024x765.jpg\" alt=\"\" width=\"350\" height=\"261\" \/><\/a>Now, for the all-important question: <em>how much does it cost? <\/em>Well, a <strong>new home in a gated estate with great facilities can cost as little as $300,000<\/strong>.<\/p><p>It\u2019s important to note that prices vary greatly depending on the house and the facility you are buying into. Buying into a land lease on the higher end can cost $1 million or more.<\/p><p>The other cost associated with a land lease is <strong>the weekly rental fees<\/strong>. Much like the cost of your home, the prices vary greatly depending on the size of the land and the facility. The great news is, if you\u2019re a pensioner you may be eligible for Centrelink assistance with this rent.<\/p><p>\u00a0<\/p><h2><strong>Is a land lease community right for you?<\/strong><\/h2><p>This type of living arrangement might be a good fit for you if:<\/p><ul><li>You live an active lifestyle<\/li><li>You are a younger or more recent retiree<\/li><li>You are after a sea or tree change<\/li><li>You want access to top-notch facilities<\/li><li>You are after a more affordable retirement living option<\/li><\/ul><p><strong>\u00a0<\/strong><\/p><h2><strong>Things to know before joining a land lease community <\/strong><\/h2><p>Remember, buying into a land lease community is a big decision. Be sure you are clear on <strong>all site fees and charges<\/strong>, carefully reviewing the conditions set out in the site agreement.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Land lease communities combine value with a great lifestyle and community. In this blog we\u2019ll take a quick look at these communities and the costs involved.<\/p>\n","protected":false},"author":2,"featured_media":1236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[18],"tags":[99,83],"class_list":["post-1024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-land-lease-communities","tag-retirement-villages"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/comments?post=1024"}],"version-history":[{"count":7,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1024\/revisions"}],"predecessor-version":[{"id":1240,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1024\/revisions\/1240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media\/1236"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=1024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=1024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=1024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}