THE PARKIE AUT25 - Flipbook - Page 14
Right-sizers want
to stay within
HOMEOWNER BENEFITS
9km
✔ Lower upfront costs associated with
land lease arrangement than alternatives
of their current
location
✔ No stamp duty payable on home purchase
With 60% of
right-sizers wanting to
stay within nine kilometres
of their current location, land lease
developments offer an attractive ‘ageing in
place’ lifestyle.
✔ No council rates
These communities provide a sense of
familiarity and continuity, allowing residents to
maintain their social connections and access
to local amenities while promoting overall
well-being.
✔ Active lifestyle promoting
wellness and well-being
✔ Residents may qualify for Commonwealth
Rent Assistance
✔ Entry price may be reduced further by a
Deferred Management Agreement (DMF)*
✔ Safe and secure
RESIDENT SATISFACTIONˆ
Residential Land Lease Communities are NOT Retirement Villages
RESIDENTIAL LAND LEASE COMMUNITIES
Legislation
RETIREMENT VILLAGES
Residential Tenancies Act 1997
Retirement Villages Act 1986
Residential Tenancies (Caravan Parks
and Movable Dwellings Registration and
Standards) Regulations 2024
Retirement Villages (Contractual Arrangements)
Regulations 2017
Lower Entry Cost - no land purchase
Higher entry costs – unit purchase/buy in
No Stamp Duty
Stamp Duty applicable on unit purchase
No exit fees. Deferred Management Fees (DMF) may be
applied by some operators
Deferred Management Fees (DMF) and exit fees
applicable to all unit purchases
Potential for rent assistance for all home owners
No rent assistance available for unit owners
Simple fee structure - Ongoing site fees
Complex fee structures
Outright ownership of home
Often unit ownership under Strata Title
Clear and transparent contracts
Complex contracts
Typically, full capital gains, (non DMF agreements)
Reduced or no capital gain
Independent living
Comprehensive care services
Diverse array of community amenities and facilities
designed to support an active lifestyle
Extensive services (housekeeping, meals,
transportation)
Flexibility in home customisation
Home customisation regulated under village policies
and regulations
*Information correct as at 31 December 2024.
ˆOperator surveys to c7,000 residents.
For more information, contact:
Tel: (03) 9372 3420
14
Email: admin@crpvic.com.au
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Caravan & Residential Parks Victoria
