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Here is a list of the most frequently asked questions about Lifestyle Villages.

For any further information please call Fiona on 0428 102 562.

Do I have to be retired?

No, you don’t. A Lifestyle Village has a lot younger age group living there than retirement homes; so on average about 30% of people living in our village will be still working at some capacity.
We have also designed the village so a number of the homes are well suited to those who would like to have a holiday house in MR with the added advantage of a 5 star Clubhouse to come to rather than an empty house on a block out of town  with a list of jobs to work through before you can start enjoying Margaret River.

Do I own my own home?

Yes, you do. Whether it’s a new/ display or established home you still own it.

Do I own the land?

You have a 60-year lease on the land. The real advantage of this is that you don’t have the initial expense and purchase of the land.

Also as this is a lease the Government doesn’t charge you Stamp Duty and give you a rent redate if you are a pensioner.

What does the rent for the site cover and how much is it?

The Rent gives you the right to occupy the land where your home is situated for up to 60 years, and is used to pay the costs of running the community including the following:

  • On-site Community Management team;
  • Maintenance of common garden areas and your front garden;
  • Maintenance and running costs of the clubhouse and other common facilities.

Under the agreement with Margaret River Lifestyle Village  the weekly site fee is payable by direct debit each fortnight. The site fee is reviewed on 1 July each year and any increases are capped at CPI or 3.5% – whichever is greater. The site fees are currently:

PERSONAL FINANCIAL CIRCUMSTANCE WEEKLY SITE FEE
Single person on the age pension
(after rental assistance rebate)
$89.70
($155.00 less $65.30 Rent Assistance rebate)
Couple on the age pension
(after rental assistance rebate)
$108.00
($169.50 less $61.50 Rent Assistance rebate)
Single self funded retiree
& those still working full time
$155.00
Couple self funded retirees
& those still working full time
$169.50

 

Please Note: The above table is provided as a guide only. Centrelink reviews the Age Pension and Rent Assistance on the 20th of March and the 20th of September each year. This information was obtained from Centrelink on 20 September 2016. For more information please call Centrelink on 13 23 00 or visit their website. Information correct as at 20 September 2016.

Can I get Federal Government Rent Assistance on the Age Pension?

Depending on your personal financial circumstances, you may be eligible for Federal Government Rental Assistance to reduce the site fee. You will need to contact Centrelink or Veterans Affairs to find out what you are entitled to receive. If you contact our sales team on 1300 50 55 60, we can put you in touch with someone at Centrelink or Veteran Affairs who is familiar with Lifestyle Communities and can assist you further.

Are there other buying costs?

No, there aren’t.

Do I pay body corporate fees?

No you don’t, these are covered . We look after all the maintanence of the Clubhouse village grounds and your front verg as part of your weekly rent.

What is the Surrender fee about?

To help keep the home purchase price at an affordable level Lifestyle Villages recovers part of its costs for developing, running and maintaining the community when you sell your home. This payment is known as the Surrender Fee and is a scaled percentage, depending on how long you have been in the community. Your Surrender Feewill be capped at a maximum of 16% after four years, and payment isn’t due until you sell your home in the village. This is a lot less you will pay in a retirement village.

Can I have a Pet?

Yes, you can.  We understand how important the family pet isas long as your pet iswell behaved and not a nuisance to you or others.

Do you have storage for my Caravan?

Yes, we do. We have a hardstand storage area within the village with power and water to fill you van / boat and wash down after the holiday.

This is a limited space so please check with either the sales consultant or the Village Manager.

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