With interest rates, household bills, groceries and the general cost of living on the rise, it makes sense that Australian over 50s are looking for affordable solutions for their retirement and pre-retirement years. If this is you, you’ve come to the right place! Downsizing to a low-maintenance home at Lifestyle Communities could be the finance-savvy solution you’ve been looking for.
If you’re wondering how you’ll experience more financial freedom and less stress by downsizing to one of our communities, keep reading!
Free up equity
Perhaps the biggest way your bank account (and lifestyle) will benefit when you downsize, is freeing up the equity that’s sitting in your current home. On average, our homeowners free up $240K – $250K of equity when they sell their large family home and downsize to a Lifestyle Community, providing financial security and the freedom to spend more on the things they love. Whether that’s embarking on a holiday of a lifetime, or purchasing the car of their dreams, the choice is yours. Ka-ching!
Fixed pricing for peace of mind
When you choose your dream home at Lifestyle Communities, your price and settlement date is fixed. This means there’s no need to worry about price increases, land title delays or hidden costs. Plus, our communities offer some very affordable downsizing options, with homes typically priced at 75-80% of median house prices in the local area.
Forget interest rates
Because they free up a significant amount of equity by selling their current home, our homeowners own their homes outright. This means there’s no need to be concerned about interest rate rises, which have been causing stress for Australian homeowners of late. According to the Australian Centre for Social Innovation, while around 40 per cent of baby boomers own their own home, a third are still paying it off. Eventually, keeping up with these payments, as well as the rising cost of living, can eat into other spending options. Ultimately, downsizing to a Lifestyle Community can remove the stress of having to keep up mortgage payments later in life.
Lower living costs
Living in a newer and more efficient home within our secure communities comes with a huge range of financial benefits. You’ll experience lower water, gas and power bills because you won’t have to use as much energy to heat and cool your home, as well as lower household insurance costs because you live in a secure, gated community environment. Your brand-new home will also feature top of the range, energy efficient appliances that keep the bills low. Plus, living in a Lifestyle Community, you’ll benefit from:
· No stamp duty on your new home
· No council rates
· No water rates
· No sewerage rates
Each of our communities also features an electric car, e-bikes and shuttle bus for our homeowners to take for a spin whenever they choose. This allows you to leave your car at home and spend less on petrol.
Solar power savings
All our brand new communities are powered solely by electricity and renewable energy to minimise our impact on the environment and reduce our homeowners’ energy bills. These solar-powered micro grids allow our homeowners to save up to 30% on their power bills.
Save on repairs and maintenance
Your new home will require less maintenance and upkeep than your current home, so there’ll be no need to spend your valuable time and hard-earned cash on repairs. We also employ landscapers to tend to all homeowners’ front gardens, so you won’t need to fork out for your garden’s maintenance – unless you’re a passionate green thumb.
Live bigger for less
Most importantly, when you make the move to a Lifestyle Community, you’ll enjoy 24-hour access to incredible amenities and will have peace of mind within your safe and secure community of like-minded neighbours. Plus, you’ll unlock a world of exclusive benefits, deals and discounts with Club Lifestyle. Offering motorhomes and holiday villas for all Lifestyle homeowners to enjoy for free (with the exception of a nominal cleaning fee) and discounts with selected partners to help reduce the rising cost of living, there are so many perks to experience. The best part – you’ll have money left over to live in total comfort. That’s what we call more bang, less buck.
With a range of ready to move homes and homes that are still under construction, we can cater to your downsizing timeline. In other words – we’re ready when you are! So, why wait when an incredible lifestyle is just around the corner? Buy now and gain all the benefits that come with downsizing to a Lifestyle Community.
