Our simple, stress-free model
We’re all about simplicity and transparency. Here’s what you can expect when it comes to costs, fees and savings as a homeowner at Lifestyle Communities®.
Cost and benefits of the land lease model
1 . The Resort Fee
This weekly contribution gives you the right to occupy the land where your home is situated and goes towards the cost of running the community. Read more about The Resort Fee* here.
*The Resort Fee refers to the Weekly Site Fee in the purchase agreement.
2 . 90-year lease
Our homes come with a 90- year lease, providing homeowners with total security of tenure, as well as protection under the Residential Tenancies Act – and let’s not forget total peace of mind! Read more on the 90-year lease here.
3. Deferred Management Fee
A Deferred Management Fee* (DMF) is paid as a contribution towards the costs of managing, maintaining and improving a community (including your share of the community infrastructure). It helps keep home entry prices affordable, so you can start your downsizing journey at Lifestyle Communities® sooner. A Deferred Management Fee ensures Lifestyle Communities has a vested interest in the value of your property, which increases over time due to our commitment to improving, refurbishing, and maintaining community facilities. You pay this fee at the end of your time with us and it is payable on the sale of your home.
- You’ll pay 4% of the home value on the sale for each full year.
- If you sell part-way through a year, you’ll pay a pro-rata amount of the 4% annual increase.
- The Deferred Management fee is capped at 20% after five years, regardless of how long you stay, allowing you to benefit from continued capital growth.
- Lifestyle Communities has averaged 9.5% capital growth per annum over the last 10 years.
* Capital growth of each property varies depending on location, home type & size as well as demand and market conditions. Lifestyle Communities® therefore cannot guarantee any capital growth amount.
4. Affordable homes
Our communities offer some very affordable downsizing options, with homes typically priced at 75-80% of median house prices in the local area.
5. Free up cash
On average, we see homeowners free up over $200,000* to spend on the things they really love when they sell their existing home and move to a Lifestyle Community. Whether you use that embarking on a holiday of a lifetime, or purchasing the car of their dreams, the choice is yours. Ka-ching!
