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®.
1 . The Weekly Site Fee
The Weekly Site Fee covers the lease of your land, access to all shared community/resort facilities managed by Lifestyle Communities and the upkeep of the community, including day-to-operations, maintenance of front gardens, and council, water and sewerage rates.
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
The Deferred Management Fee (DMF) covers the cost of improving and contemporising your community over time. The DMF allows us to keep the cost of purchasing a home as low as possible and ensures we have a vested interest in growing the value of your property. The DMF is only payable when you sell your home.
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. You’ll pay 4% of the home purchase price for each full year. If you sell part-way through a year, you’ll pay a pro-rata amount of the 4% annual increase. This gives you certainty in the cost of the DMF when you leave Lifestyle Communities.
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!
