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Our Weekly Site Fee

We are often asked the question “Why do I pay rent when we own our own home?”, so we thought it was a good idea to break down what it includes and how this compares to the costs of regular suburban house.

Our weekly site fee is currently $174.90 for couples and $160.40 for singles. Importantly, the government class the weekly site fee as rent, meaning you are eligible for a rent rebate of up to $65 per week if you are on a pension. Making the weekly between $4,680 – $8,788 per annum depending your situation. The weekly fee covers council rates, land rates, water rates, front landscaping maintenance and use of the community facilities like gym and pool (in stage two).

There are a couple of other notable costs savings in a lifestyle village. Because the land is rented (leased), there is no stamp duty. Therefore, if you were to purchase a suburban home for $390,000, the stamp duty would be $12,540.00, this isn’t applicable to a lifestyle village, a significant saving.

We are also including 3KW solar panel systems on all of our homes. There is a lot of conjecture about the future of power prices in WA. Given that our costs are lower than over east, it is likely that the prices will increase in the near future. The included solar systems should save you approximately $35.00 per week or $1820.00 per year. Another significant saving.

The below table breaks down what the yearly costs would be for a 4×2 home in Margaret River and how that compares to living at Margaret River Lifestyle Village.

 

Suburban Costs Lifestyle Village Costs
Item Cost Item Cost
Council Rates $2,200 Weekly Fee (couple) $174.90
Water Rates $1,277 Less Rent Rebate -$65
Garden Maintenance $780 Home Maintenance $10
Home Maintenance $1,500 Council Rates $0
  Water Rates $0
  Front Garden Maintenance $0
  Pool membership $0
  Solar Power Savings -$35
Total per Year $5,757 Total per Year $4,412.80
Per Week $110 Per Week $84.9

Note: We recommend that you review your current costs or speak to a financial advisor to work out what your weekly costs are/will be, you may be surprised at how they add up.

Figures are current as of 1 July 2019

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Adan Nicholson

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