Financial Matters

An affordable retirement living option

Lakes Entrance Village is an affordable retirement living solution for the over 50’s. One of the reasons why houses are so affordable is that the ownership of the land and home is separate. Although you will own your home, you do not own the land.

When you purchase your home you will enter into a residential site agreement which gives you exclusive right to occupy the land and to enjoy the villages’ facilities and services.

Financial benefits

There are many financial advantages of living in a land lease community –

✓ Affordable homes
✓ Government-funded rent assistance is available to eligible pensioners
✓ No stamp duty
✓ No council rates or taxes
✓ No strata maintenance or sinking fund fees
✓ Free up capital that you can then invest or spend as you choose