How do downsizing communities work?
Date Posted: October 3, 2020
Most Downsizing Communities work on the Land Lease model where you buy your own home and lease the land on which it sits via a Weekly Fee. To safeguard residents the land leases are typically for extremely long periods and in some cases are perpetual. The Weekly Fee varies depending on the community you choose and whether you are single or a couple. If you are eligible for the pension you can also take advantage of government rent assistance to make the Weekly Fee even more affordable.
Downsizing Communities are independent living communities where working, semi-retired and retired people over 50 enjoy low maintenance living in a secure community setting. Because Downsizing Communities are home to younger people they provide access to a range of lifestyle amenities like pools, gyms, cinemas, tennis courts and more.
There are many downsizing options available to people thinking about moving on from their current home. You can explore your Downsizing options here.