RETIREMENT VILLAGES

Homes in Hasting Cove and Westernport Gardens retirement villages range in price from $450,000, far less than you would expect to pay at a major retirement village.

And it gets even better. Because of our innovative leasing arrangements, there are no rates, no property taxes, no Owners Corporation (formerly Body Corporate) fees and no Stamp Duty. Once you have bought your home, all you will pay will be your usual utility costs and a reasonable rental charge for your home site.

So you can sell your existing home and keep money in your pocket or your investment portfolio.

Hastings Cove has 107 2BR and 2BR + study homes, all built to order from a variety of designs and Westernport Gardens has 51 homes. Both villages feature a spacious Community Centre with library, hairdressing facilities, billiards area, internet access, a large open area for relaxing and social activities and a large, fully equipped BBQ area. Craft and other interests are catered for. For your security and peace of mind, there’s a 24-hour emergency call service and for your convenience there’s a mini-bus service to take you to the local shops.

A manager looks after the comfort, security and peace of mind of all residents and for supervision of maintenance staff.

LEASE

Our leasing arrangement – saving you money and protecting your interests
Your home site is secured by a 99-year lease that is registered on title – providing you with the peace of mind you deserve. The home always remains your property or the property of your transferee – in other words, you can bequeath it to your spouse or family. The rental charge covers all rates on the land equivalent to the concessional council rates payable by a pensioner. It also covers all property taxes, village landscape maintenance and full use of all facilities. For the convenience of residents, bore water is supplied for garden maintenance free of charge.

As a bonus, there is no stamp duty payable on the transfer of a residential lease, a factor that has saved many people many thousands of dollars. There is no Owners Corporation (formerly Body Corporate) and no Owners Corporation (formerly Body Corporate) Fees and our leasing arrangements do not come under the Retirement Village Act.

Annual increases in rental are limited to one half of the increase in the married rate pension in any one year. If you purchase an established home at Hastings Cove, rental is not payable during the selling period of your existing home. If you require a period of time to sell your existing home, we can reserve a home for you on the payment of a small deposit that is refundable if you do not proceed.

Can you resell your Hastings Cove or Westernport Gardens home?

Of course – it’s your property and you can sell it at any time. On the sale of a home by a resident or executor the purchaser will be guaranteed a transfer of the lease. A deferred rental contribution is payable on a change of occupancy.

Help to sell your existing home

When it comes to selling your present home, our extensive contacts in the real estate field will ensure you get the best price. We will also ensure that the settlement date of your present home coincides with the purchase/completion of your new home.