The Financial Benefits of Land Lease Living for Over 50s

For many Australians over 50, the family home is both the biggest asset and the biggest source of ongoing cost. Land lease living offers a different model, one that can free up capital, remove some of the largest fees associated with traditional retirement living, and simplify the finances of your next chapter.

Here is how it works, and why so many people are choosing it.

You own your home, you lease the land

In a land lease community you buy your home outright but lease the land it sits on. This structure is what unlocks the financial advantages, because it changes which fees apply, and which do not.

No stamp duty on your purchase, no exit fees when you sell, and you keep 100% of any capital gain.

The fees you won't pay

Compared with many traditional retirement villages, the land lease model removes a long list of costs:

• No entry or exit fees
• No deferred management fees
• No stamp duty on your purchase
• No council rates
• No refurbishment or establishment fees

What you do pay

You pay a small weekly site fee for the land and the upkeep of shared community facilities. For many residents this fee may be partially offset by government rent assistance, and you only pay for the utilities you actually use.

Everyone's situation is different, and this article is general information rather than financial advice. Before making a decision, it is worth speaking with a financial adviser, and with our team, about the numbers for your circumstances.