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We've brought everything together in one place to help you understand the costs of buying and owning a Lifestyle Communities home, as well as the ongoing costs of living in one of our communities.
Typically, when living outside Lifestyle Communities, you may have many smaller costs to account for, such as a gym membership, sports club memberships, pool access, cinema visits, gardening maintenance and more. You might even have your own pool that is expensive and time consuming to maintain. While individually, these costs might seem small, roll them up and they’re eating into your monthly expenses.
Lifestyle Communities® charge a fortnightly Site Fee to lease the land your home sits on and access shared amenities. The Site Fee is also referred to as Rent in your Residential Site Agreement.
Rent assistance may be available if you receive the Age Pension or another eligible government payment.
At Lifestyle Communities, you can enjoy all the fun and none of the fuss. Jump in the pool or spa, get active in the gym or spend the day cosied up in the lounge with a good book. It's all about living life on your own terms.
Enjoy secure tenure over the land your home sits on, protected under the Residential Tenancies Act.
Access beautifully maintained shared spaces and amenities, including a Clubhouse, pool, gym, cinema and more.
Lifestyle Managers are available during business hours to keep your community running smoothly.
A professional landscaping team maintains your front garden and all shared spaces.
Being transparent about the costs involved with moving into a Lifestyle Community is important, that's why we're breaking down the expenses for you. These expenses only cover the site fee and exclude other household costs such as utilities.
1 Person | Cost per week | ||
|---|---|---|---|
| Site Fee | $238.20 ($476.39 per fortnight) | ||
| Site fee less Rent Assistance* | $126.50 ($252.59 per fortnight) | ||
⁺Rent Assistance If you are eligible for the Age Pension or other government entitlements, you may receive a Rent Assistance payment paid directly by Centrelink of up to $111.90 per week ($223.80 per fortnight). | |||
2 PERSON | Cost per week | ||
|---|---|---|---|
| Site Fee | $275.19 ($550.37 per fortnight) | ||
| Site fee less Rent Assistance* | $169.69 ($339.37 per fortnight) | ||
⁺Rent Assistance If you are eligible for the Age Pension or other government entitlements, you may receive a Rent Assistance payment paid directly by Centrelink of up to $105.50 per week ($211 per fortnight). | |||
Under the agreement with Lifestyle Communities, the Site Fee is payable by direct debit or Centrepay each fortnight, on a Tuesday. The Site Fee is reviewed annually on 1 July and increases are capped at CPI or 3.5%, whichever is greater.
*Lifestyle Communities reviews their fee structure on 1 July each year. Centrelink reviews the Age Pension and Rent Assistance on 20 March and 20 September each year. For more information on rent assistance, please call Centrelink at 13 2300 or visit www.servicesaustralia.gov.au.
Now that you’ve explored the financial side, take the next step toward a life lived on your own terms. Explore and compare our 25 communities across Victoria, find the location that suits your way of living, and book a visit to see them for yourself.
The above does not constitute financial advice and is intended to provide general information only. You should obtain independent advice from your own financial advisors before making any investment decision. The above information does not take into account your individual needs, investment objectives and specific financial circumstances.