A Grand Opening for the new stage and Clubhouse at The Grange

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Savvy downsizers have flocked to the grand opening of the new stage development of Ingenia Lifestyle The Grange as they seek more alternatives to traditional seniors living on the Central Coast.

Leading owner, operator and developer of over 55s communities, Ingenia, celebrated the official opening of the new stage and clubhouse with Mayor of Lake Macquarie, Councillor Kay Fraser, and local member for Lake Macquarie, Mr Greg Piper MP, unveiling the plaque with Ingenia CEO, Mr Simon Owen.

Uniquely located adjacent to nine hectares of peaceful bushland, in the leafy suburb of Morisset, the new stage to Ingenia Lifestyle The Grange will deliver 57 brand new homes while current residents are now able to enjoy their brand new brand new $1 million community clubhouse with pool, alfresco BBQ area, indoor entertaining, social club function spaces and seniors-dedicated gym.

Ingenia CEO Simon Owen said many seniors were unaware there were alternative housing solutions available.

“Lifestyle-focused land lease communities are one of the newest seniors living trends available to the downsizing market, with Ingenia Lifestyle setting new benchmarks in senior’s housing,” Mr Owen said.

“The popularity of the model is its simplicity; residents purchase a new home and lease the land, eliminating the need to pay stamp duty with no exit or deferred management fees.

“With the requirement to pay stamp duty removed, we can ensure a much more affordable entry price point and most purchasers are then often able to free up a substantial amount of equity raised through the sale of their previous home.”

Ingenia Lifestyle The Grange will be introducing a range of affordable, brand new homes that meet the ever-increasing demand for over 55s housing and age-appropriate living requirements.

The range of affordable, brand new homes combine modern technology, sustainable construction techniques and efficiencies in design to deliver a product that is now surpassing market expectations.

The homes feature open plan living, generous covered decks, air conditioning, modern entertainer’s kitchen and built-in robes to bedrooms. They include a range of environmental considerations and may also accommodate custom upgrades with the flexibility to add in features such as stone benchtops and design upgrades with the ability to modify the home for now or into the future.

For more information please contact Rachel Pullicino on 0459 995 919 or visit www.liveinmorisset.com.au.

Innovative Land Lease Living

THE DOWNSIZING DIFFERENCE DELIVERING MORE BENEFITS TO SENIORS

While housing affordability is generally considered a young person’s issue, it is also a major problem for those living on a low weekly income stressing to pay off and maintain an existing home.

For seniors wanting to avoid the financial risks of downsizing and falling into a traditional retirement living model, there’s a major property growth market intensifying in lifestyle-focused land lease communities.

Ingenia Lifestyle, a leading owner, operator and developer of over 55s communities, is setting new benchmarks in affordable seniors living allowing residents to own their own high quality, modern home and lease the land, set within a master planned community with extensive landscaping and resort-style facilities.

The Ingenia Lifestyle land lease model improves a resident’s lifestyle by allowing them to free up their capital, reduce their costs of living, lock up and leave to travel or focus their health and wellbeing.

The land lease model comes without the hassles of strata management or body corporate fees, no council rates, no stamp duty to pay, there are no exit / DMF fees and no refurbishment fees. As the resident owns the home they also retain 100% of any capital growth made on their property.

The lease of the land means there is just one simple site fee covering the maintenance and management of the community while many lifestyle community residents are then able to access rental assistance to subsidies the site fees.

Another important factor that protects residents is they are covered by relevant state-based residential land lease communities legislation which governs the industry and seeks to promote fair operational trading practices.

Ingenia Chief Operating Officer, Nikki Fisher, said Ingenia Lifestyle’s difference is our quality operational strategies that keep residents safe, social and secure.

“We have developed the downsizing option that delivers more financial benefits and lifestyle gains than any other seniors living housing model operated and maintained by our village management and staff all wrapped up in a secure, gated community.

“We understand our residents wish to be treated in a way that is thoughtful, considered and caring so they can enjoy more freedom and have more time to rest and relax.

“We know our residents expect quality and appreciate attention to detail which is what drives us to create value and more memorable experiences.

“Our Ingenia Gold Card discounts opens our residents up to access and explore our Ingenia Holidays accommodation offerings in over 20 stunning locations in prime waterfront locations, vineyard settings, on major transit routes and everywhere in between.

“The Ingenia Care team and their new Wellbeing Program is there for you when you need it giving you peace of mind to plan ahead. Our aim is to identify your support needs every step of the way and help make the care process as easy as possible so you can continue to live independently.

“Our vision is to create Australia’s best lifestyle communities and we deliver on this promise by ensuring our residents feel a sense of belonging in their community and connection to each other,” Nikki said.

INGENIA LIFESTYLE’S UNIQUE BENEFITS
• Downsize and free up your equity
• No stamp duty, no council rates and no exit fees
• No refurbishment fees
• Flexible and low-maintenance lifestyle
• A place to call home in a safe and secure community
• Connect with like-minded friends and enjoy social activities
• Take advantage of the Ingenia Wellbeing Program and Ingenia Care
• Lock and leave to travel
• Pets welcome
• Ingenia Gold Card providing 25% discount with Ingenia Holidays

Seniors Urged to Take Advantage of Unlocking Home Equity

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As median house prices continue to climb across most capital cities, many asset-rich cash-poor seniors are missing out on an opportunity to build on their existing home equity and improve their living standards.

Author and finance expert, Rachel Lane said everyone had the option of staying in their own home, but many found it to be too much maintenance or too lonely, or they require a financial injection.

“Seniors can boost their cash reserves by tens or hundreds of thousands of dollars by selling while prices are high and moving into more affordable accommodation.

According to Ms Lane, there is great confusion amongst many people about the types of affordable housing available.

“Senior homeowners looking to downsize needn’t be competing in the private market against homeowners and investors, which is a common fear, as there are a variety of traditional and new home options to suit,” Ms Lane said.

“Lifestyle-focused land lease communities for example are one of the newest catering to this specific market.

“While the homes on offer are of an increasingly high quality, the entry price point is kept low since residents lease, rather than own the land, with weekly fees in the $120-$160 range. This pricing model eliminates the need to pay stamp duty, entry and exit fees and in some cases, the resident is then eligible for rent assistance.

“One such operator – Ingenia Lifestyle – has over 30 communities across New South Wales and Queensland and Victoria.

“For example, in south west Brisbane, the median house prices in areas like Shailer Park ($520,000) and Greenbank ($576,000) are double the $251,000 starting price point for the nearby Ingenia Lifestyle Chambers Pines community.

“I would urge seniors to pay close attention to median house prices in their area and affordable housing price points like these to get a better sense of the type of cash reserves they might be able to access.”

“While housing affordability is generally considered a young person’s issue restricting entry to the market, it is also a major problem for those that do own a home but rely on a low weekly income,” Ms Lane said.

What are the best downsizing options for you?

When it comes to thinking about downsizing it’s important to look at what your own personal preferences are with downsizing and how you want to live.

What type of accommodation are you best suited to? Would you want to move in with family (good for some, but not for all)? Or would you be better off at a land lease community – sometimes referred to as an over 55s community.

Many Australians over 55 are satisfied with living in their family home as it becomes a source of security and holds memories from the past.

They comfortably age in place with modifications made to the home and the extra room is used to welcome guests or start a hobby.

However, the size of the garden, associated costs for utilities, rates and cleaning can become a burden which may fall onto their children to assist with maintenance and bills.

By choice, or due to changes in circumstance, a cash injection may be required and the sale of a major asset, such as the family home, will release some equity and increase the cash reserves to make life after 55 a little more comfortable.

After the decision is made to sell the home you will then need to consider the variety of property types available to commence your downsizing journey. We’ve detailed some of these here:

Living with Family or in a Granny Flat
The lucky few that have the opportunity to live with family or in a small flat on family property may decide this is the best option due to the savings on costs and ease of living. However those that are looking for more independence, or see difficulties integrating with a younger family dynamic, may decide this option not as desirable. Additionally, there are Centrelink regulations to review on granny flats that could affect your pension and whether you’re assessed as a homeowner or non-homeowner. We recommend you seek advice from a financial planner who specialises in this area.

Renting a House
Private rental delivers a certain amount of flexibility so you can consider all the options. This breathing space can be used to give you more time to decide what you want to do or where you want to live. On the other end of it, renting can leave some over 55s quite vulnerable with a number of negatives to consider. Short lease agreements, high turnover rates, security of tenure and the wrong type of neighbour can leave renters with the feeling of uncertainty, stress and in a potential risk of homelessness.

Apartment Living
If the urban jungle is calling, apartment living may be a good option with locations in high density inner city districts, close to amenities and walking distance to entertainment and restaurant precincts. Keep in mind apartments are a popular choice for young (or young at heart) dwellers, so your neighbours might not
always be as like-minded as you are. And if you’re thinking of purchasing, make sure you make allowances for the high body corporate fees in your budget and stamp duty fees if purchasing the apartment.

House and Land Package
Brand new house and land packages are a popular choice with their modern, open plan homes in brand new suburbs with master planned amenities and facilities. New housing estates are generally targeted to first home buyers or young families with product geared for medium to large sized blocks of land and floor plans, defeating your downsizing objective, don’t forget there will also be a stamp duty fee to pay on the transaction of the new home. Additionally, housing demand in capital city growth corridors are escalating at unprecedented rates and this is having an inflationary effect on prices, with opportunities for quality, affordable home purchases becoming limited you may be priced out of the neighbourhood of your choice.

Retirement Villages
On the surface, people find it difficult to compare the affordability of different villages with their complex or different legal and financial arrangements. While no two retirement villages are ever exactly the same there are major differences and it can be confusing to navigate. Retirement villages operate under the Retirement Villages Act and you have a lease or ‘licence to occupy’. There are a range of costs to consider including the ingoing contribution (purchase price); the monthly maintenance fee; a deferred management fee (a percentage paid to the operator when you leave often between 15% – 40%); and a share of capital gain that you also share with the operator of the village on exit.

Over 55s Lifestyle Communities / Land Lease Communities
Land Lease Communities are well-established in Europe and the US with 19.2 million Americans living in over 50,000 communities, where by they own the home and lease the land.

Australia’s over 55s lifestyle communities, or Land Lease Communities, are based on a similar concept and while the industry is in the early stages of growth, it is emerging as a strong sector with a number of operators setting new benchmarks for affordable seniors accommodation.

The communities use high quality, modern manufactured homes set within a master planned community using extensive landscaping and resort-style facilities in a secure, gated community with a village manager.

The popularity of the model is its simplicity (the resident pays for the house and owns it, and they rent the land), ensuring a much more affordable entry price point and eliminating the need for residents to pay stamp duty fees and there are no exit or deferred management fees (DMF) and no refurbishment fees.

The home owner also keeps 100% of any capital gains made on the property if or when they decide to sell their home.

Subject to individual circumstances they may qualify for the Commonwealth Rental Assistance to subsidise the land rent. Land rent (usually between $90 and $160 per week) covers all community facilities, maintenance costs, council rates and village management costs. All you have to budget for is your personal utilities, home and contents insurance and your next holiday!

Lifestyle communities operate under state or territory tenancy legislation, or the Residential Land Lease Communities Act in NSW, providing protection with security of tenure while also facilitating a greater longevity of retirement savings than traditional retirement village models.

Construction Officially Starts on Port Stephens GOLD CLASS Lifestyle Community

The Port Stephens region is set to receive a new gold class lifestyle community, as Ingenia celebrated the official start of its new master planned lifestyle community with the turning of the first sod.

Set on 29.2 hectares and located in the leafy suburb of Anna Bay, Ingenia’s new community will deliver 229 new homes and a $5 million clubhouse for over 55s which is anticipated to include a pool, library, lawn bowls green, cinema, gym and sports bar.

Ingenia CEO Simon Owen said many seniors were unaware there were alternative housing solutions available to them.

“The Ingenia Lifestyle model is unique in that buyers purchase a new, architecturally-designed home and lease, rather than own, the land,” Mr Owen said.

“This eliminates the requirement to pay stamp duty, ensuring a much more affordable entry price point and freeing up a substantial amount of equity raised in the sale of their previous home.”

Construction onsite has started with the first stage of homes and the community facilities due to be complete for residents by mid-2018.

Project Sales Manager Sheree Richardson said those looking to downsize needed to pre-register their interest for exclusive VIP opportunities with the first stage expected to sell out before it was complete.

“The First Choice Club registration is a fully refundable $1,500 deposit, with home designs and home sites released exclusively to our VIPs before the general public,” Ms Richardson said.

“There has been a very strong demand from over 55s in the area who have been looking to downsize into our unique land lease communities.”

The new lifestyle community adds to the Group’s strong portfolio of established communities which employs more than 50 people in the NSW Central Coast and Newcastle region alone.

Further demonstrating its confidence in the local market, an approximate $7 million civil works contract has been awarded to local Newcastle company Robson Civil Projects, who will deliver the new community in Port Stephens – creating more than 60 jobs for people across the duration of the civil works.

Innovative New Home Designs Launch at Chambers Pines – Stage One 80% SOLD OUT!

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Ingenia Lifestyle Chambers Pines has fast-tracked its next release of homes to the market in a bid to cater to the growing demand for affordable living for over 50s in South East Queensland.

The launch of the new stage has now resulted in the first release of Stage One to become 80% sold out since the community hosted the exciting Street Festival for local seniors on Saturday 3 June.

Guests were treated to live jazz performances, a delicious selection of food trucks and the opportunity to tour the brand new stage to the lifestyle community.

Project Sales Manager Lynda Ruddell said the festival provided downsizers with the chance to tour the innovative home designs and learn more about the popular land lease community model, where residents own the home, but lease the land.

“The major difference with these new homes is the traditional construction method of homes being built on site and with minimal stairs, offering over 50s an alternative housing solution with all the benefits of quality, speed and affordability,” Ms Ruddell said.

“The innovative design of the new homes allows buyers to reap the financial benefits of the land lease model, meaning residents retain their eligibility for government rental assistance on the weekly site fees.

“Residents will soon have a range of brand new lifestyle facilities with a new clubhouse, resort-style swimming pool and competition standard bowling green all coming soon to Chambers Pines.” CLICK HERE TO VIEW THE 3D VIRTUAL TOUR

Ingenia Lifestyle Chambers Pines offers buyers brand new traditional built homes from $251,000, with the second release to Stage One now available for viewing.

For more information on Ingenia Lifestyle Chambers Pines and the new display homes please contact Project Sales Manager Lynda Ruddell on 0475 969 355 or visit www.liveinlogan.com.au

Opening our Doors to Downsizers

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Ingenia Lifestyle Chain Valley Bay opens our door to downsizers who are looking for more benefits within a lifestyle-focused land lease community, where you own a brand new home and lease the land.

Project Sales Manager Jason Webb said now was an opportune time to tour the community with the first three stage sold out and a new opportunity to arrive very soon.

“Whether you’re ready to downsize now or just starting your research, the pension changes are forcing some to consider new housing options like land lease communities, to be able to pursue a financially stable lifestyle based on independence, health and wellbeing,” Jason said.

Ingenia Lifestyle Chain Valley Bay residents Helen and Dennis McNeil downsized to their new home earlier this year and are enjoying the benefits of active community living.

“We absolutely love living in our new home and are amazed at how close the community is to the water. When we came to one of the Open Days, we knew straight away that this is the place where we want to live.

“The environment is so relaxing. The view of Lake Macquarie is unbelievable but the homes are affordable. We think it is almost too good to be true – it’s a million-dollar view that we could afford!” Helen said.

The demand for land lease communities comes at a crucial time as many senior Australian’s are investigating options to free up equity to maintain financial freedom and the lifestyle they desire.

“This ensures a much more affordable entry price point and means new residents are often able to free up a substantial amount of equity raised in the sale of their previous home,” Jason said.

For more information on downsizing to Ingenia Lifestyle Chain Valley Bay contact Jason Webb on 0458 018 332 or visit www.liveinchainvalleybay.com.au 

Men Urged to Start Talking About Their Health

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Men across Australia are being urged to keep the balance between a healthy body and a healthy mind in the lead up to this year’s Men’s Health Week, which will be celebrated from June 12-18.

The annual Men’s Health Week provides an opportunity to raise public awareness for the unique health concerns facing men around Australia.

During the course of the week, events, health checks and seminars will be held to help educate men and their families on positive health and wellbeing, as well as the warning signs to look out for.

One local man striving to encourage more men to talk openly about their health is Ingenia Lifestyle Lara resident Bill Fulton, who has organised a program full of doctors and expert speakers to talk to fellow residents and the community during the health week.

“This year’s Men’s Health Week program includes a variety of presenters that will speak to men on a range of topics, including strokes, osteopathic, exercise, diabetes, skin cancer and improvements for everyday health and wellbeing,” Mr Fulton said.

“We are also encouraging spouses and partners to attend the talks to help prompt men to take better care of themselves, particularly as they get older.”

This isn’t the first time the Lara locals have strived to champion men’s health and wellbeing – having started a Men’s Group in the community to build friendships and to encourage more men to socialise.

“We started the group about 18 months ago in the hope of providing a more structured program of events for men in the community to participate in – and we are still going strong today,” Mr Fulton said.

“About 15 men from the community meet every fortnight for a get together and every alternate fortnight we have an outing.

“We cover a whole range of interests and activities. We have visited such places as Science Works, The War Memorial Shrine in Melbourne, the restoration of a World War 2 Bomber and a Ferry Trip from Queenscliff to Sorrento for lunch.”

Ingenia Lifestyle Lara will continue to support its local men’s group, with the construction of a community Men’s Shed set to be completed later this year.

Ingenia Lifestyle Lara’s Men’s Health Week program is running from 13 – 16 June at Ingenia Lifestyle Lara, 40 Watt Street, Lara.

For more information or for a copy of the Men’s Health Week program please contact Ingenia Lifestyle Lara’s Business Development Manager Dianna McGrath on 0476 839 644.

The Downsizing Decision Making Process

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There are many things to consider when looking into downsizing to a lifestyle community, from budget, space and garden size to the type of lifestyle you’re looking forward to enjoying.

Whether it’s to save money, release equity or to avoid the burden of a large family home, downsizing comes with its rewards.

Ingenia Lifestyle Chambers Pines residents Don and Helen Govan decided to downsize for two major reasons.

“It was only about 6-8 weeks before we moved to our community that we were robbed in our house and we lost our car and other belongings.

“Also there was a realisation that the old family home required too much work to maintain; so I knew it was time we had to downsize.”

“We don’t have to worry now. I think people leave downsizing too long and then your kids start to worry. I didn’t want the fear of having the kids to arrange our lives.

We wanted to have the power and choice on where we wanted to live – it was about us being proactive and not reactive,” Mrs Govan said.

“Now we get to look into travelling, having goals and plans, that’s what we wanted.”

Whether you’re ready to downsize or just starting your research, now is an opportune time to tour Ingenia Lifestyle Chambers Pines. Call Lynda Ruddell on 0475 969 355 or visit www.liveinlogan.com.au

Australia’s Biggest Morning Tea Success

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Ingenia Lifestyle Albury

Our Albury community hosted an Australia’s Biggest Morning Tea and it was an amazing event with over fifty people attending the event, with guests made up of current and prospective residents, family and friends raising funds through the $5 entry, lucky envelopes and an auction.

Their amazing efforts all added up to almost $2,000 for the NSW Cancer Council.

The fundraising prizes were donated from local businesses, food galore by all the residents and family and resident musician Alan Buckley entertained the day with live music.

With so much food left over the community’s newest resident, Jenny who is a nurse, suggested the hospital may appreciate some afternoon tea. Half an hour later this had been arranged with the help from some beautiful nurses who had already had a pretty tough day.

One of the nurses wanted to contribute to the fundraising as a show of appreciation, which quickly resulted in all staff wanting to help at which time they suggested they could pass the hat around and deliver the money later.

All up it was an amazing day to be a part of and thanks go to all the Ingenia team for contributing their time and continuing to support such an amazing cause.

Ingenia Lifestyle Chambers Pines

Throughout the past 12 months Ingenia Lifestyle and the Greenbank RSL have worked together in planning and promoting a number of lifestyle and charity events to entertain, educate and inform their members, guests and visitors as well as our residents.

The most recent Australia’s Biggest Morning Tea had over 300 guests and the event raised $4,000 for the QLD Cancer Council.

Thanks to Ingenia and Greenbank RSL, local members and businesses, guest speakers, members of Greenbank RSL and residents of Ingenia Lifestyle.

Additionally, thank you to Jordan Carroll and his mum, Maria, for speaking about the huge research benefits that fundraising makes these days and how it has improved his life.