Be Active Baking Competition Heats Up


Residents from Ingenia Lifestyle Ettalong Beach had a chance to show off their cooking skills to guest judge, Paralympic gold medallist and local member for
Gosford, Lisle Tesch MP as part of the Be Active Community Cook Off Competition.

Aprons were on, tasting spoons were at the ready and the kitchen was heated up as residents of Ingenia Lifestyle Ettalong Beach put their baking skills to the test for guest judge, Paralympic gold medallist and local member for Gosford, Lisle Tesch.

Various baked goods were put up for the tasting as seniors at the over 55s community whipped up their favourite recipes and secret ingredients, and egg on a bit of friendly competition for the community cook off.

Ingenia Lifestyle Ettalong Beach Village Manager Paul Greentree said residents were thrilled to have local MP and seven-time Paralympian Ms Lisle Tesch tasting their treats.

“We were all thrilled Ms Tesch joined us – and she enjoyed all the treats on offer and morning tea,” Mr Greentree said.

“The village loves getting together and enjoying each other’s company – being able to host an event like this is great way for us to help residents keep social and feel special at the same time,” he said.

Ms Tesch awarded the winning baked goods to John Biernat’s pork and mushroom pasties. And we’ve got the recipe for you to try below!

Pork and Mushroom Casserole Pasties


Slow Cooker

2 Pork Chops – rind cut off

250 gms sliced mushrooms

1 can diced tomatoes

1 onion

½ red capsicum

1 bunch brocollini

½ sweet potato

1 tlb spoon chicken stock powder

1 egg (for egg wash)



Dice pork into small cubes

Dice onion, capsicum, brocollini and sweet potato into small cubes

Place ingredients into slow cooker

Add 1 tbl spoon chicken stock powder

Add diced tomatoes

Sprinkle sliced mushrooms on top of the ingredients (do not mix so that the mushrooms are not overcooked)

Cook on High Heat for 3 hours then on Low Heat for 3 hours

Leave overnight to thicken


Heat oven to 200C

Cut each Puffed Pastry sheet into 9 squares (larger if desired)

Add ½ tbl spoon of casserole into each and fold over to make triangle

Line oven tray with baking paper

Brush egg wash onto each triangle

Bake for 20 minutes or until golden brown and crisp


The Downsizer Contribution: A tax-free incentive to fund a comfortable retirement


If you’re picturing an ideal retirement but uncertain if your savings are enough to carry you through, the Australian Government has a new incentive aimed specifically at downsizers aged over 65.

From 1 July 2018, eligible seniors can take advantage of the Downsizer Contribution which encourages home owners to sell their empty nester asset and use the proceeds to top up their superannuation with a one-off contribution.

Seniors lifestyle and finance expert and author, Rachel Lane, spends time travelling across the country educating seniors on the variety of living options available for downsizers.

With the commencement of the new government incentive, Rachel advises seniors to do their research and seek advice about the personal implications before rushing to put the ‘For Sale’ sign up on their home.

“While the new Downsizer Contribution is a tax-free solution to funding a more secure retirement, there are two major factors for seniors to consider.

“Firstly, seniors need to do their research on what suitable accommodation choices are available for them and secondly, is investing in superannuation the best solution as it can affect your pension entitlements.

“Unlike previous proposed downsizing incentives this new one has no exemptions applied to the asset or income test which means making extra contributions to your super can affect your pension.

“As a general rule the income test bites you first but the asset test bites you harder, if the money from the sale of your house has pushed you over the asset threshold ($547,000 for singles and $823,000 for couples) by $100,000 then your pension would reduce by $7,800 per year so obviously the superannuation would need to earn 7.8% after fees and tax just to replace the lost pension,” Rachel advises.

How can I make the downsizer contribution work for me?

How can I make the Downsizer Contribution work for me?

The Downsizer Contribution enables a self-funded retiree to sell the family home and structure their financial affairs to maximise superannuation income.

For seniors looking to downsize into a lifestyle community the Downsizer Contribution also means they can take up the incentive while potentially gaining access to more government entitlements.

Ingenia Chief Operating Officer, Nikki Fisher said the incentive will help seniors get out of their asset rich, income poor situation, which many older Australians find themselves in now.

“By making a tax-free super contribution senior Australians have a real opportunity to fund a more secure retirement, free up the equity from their homes and boost their super balance at the same time, by up to $300,000 for an individual or $600,000 for a couple.

“Considering the average super balances at retirement are $270,710 for men and $157,050 for women, adding an extra $300,000 into a super fund would more than double (for men) and almost triple (for women) those super balances.

As a leading owner, operator and developer of affordable seniors housing communities in Australia, Ingenia’s lifestyle portfolio is certainly responding to the needs of downsizers who are looking to purchase a more suitable place to retire in.

“Ingenia Lifestyle’s innovative land lease ownership model delivers a very viable option for those seniors looking to downsize and access the incentive with a low entry cost to purchase a new home, the elimination of stamp duty fees, no exit fees and residents keep 100% capital gains made on the home.

“Low ongoing costs mean residents can make their super last longer, additionally, purchasing a brand new home in a land lease community like Ingenia Lifestyle may enable eligibility for rent assistance giving seniors access to more government funding,” Nikki said.

Rachel Lane Case Study: Sue and Garry from Greenacre

Sue and Garry decide to sell their three bedroom home in Sydney’s inner western suburb of Greenacre and achieve $1 million on the sale.

They make a sea change and purchase a brand new home in a land lease community such as Ingenia Lifestyle Lake Conjola for $330,000. They both contribute to their super $600,000 of tax free dollars.

After downsizing Sue and Garry have $70,000 in cash to purchase a caravan or go on a holiday knowing they have secured their future, their home is being looked after while on the road and they come back to a lifestyle community with social and wellbeing programs. They are also an extra $10,734 better off each year in income.^

  Stay in place                Downsize and make a tax-free super contribution
Pension $35,568 pa $13,000 pa
Rent Assistance Nil $3,302 pa
Superannuation Contribution earnings Nil $30,000 pa*
Income per annum $35,568 pa $46,302 pa

Plus a new home and $70,000 in cash to fund their new lifestyle

*Assuming their new super contribution of $600K is earning 5%pa
^We recommend you seek professional advice from a financial planner who specialise in seniors finance. Our figures have been supplied by Rachel Lane from Village Gurus.

Am I eligible for the Downsizer Contribution?
To be eligible, downsizers must answer yes to all of the following:

  • You are 65 years old or over at the time you make a downsizer contribution (there is no maximum age limit)
  • The amount you are contributing is from the proceeds of selling your home where the contract of sale was exchanged on or after 1 July 2018
  • Your home was your primary place of residence, owned by you or your spouse for 10 years or more prior to the sale
  • Your home is in Australia and is not a caravan, houseboat or other mobile home
  • The proceeds (capital gain or loss) from the sale of the home are either exempt or partially exempt from capital gains tax (CGT) under the main residence exemption, or would be entitled to such an exemption if the home was a CGT rather than a pre-CGT (acquired before 20 September 1985) asset
  • You have provided your super fund with the downsizer contribution form either before or at the time of making your downsizer contribution
  • You make your downsizer contribution within 90 days of receiving the proceeds of sale, which is usually the date of settlement
  • You have not previously made a downsizer contribution to your super from the sale of another home.

Contact Ingenia Lifestyle Today

If you would like to know more about the Downsizer Contribution you can contact our Project Sales Team on 1800 135 010 or contact us online here.


It’s Apples and Oranges When Comparing Retirement Villages to Land Lease Communities


By Rachel Lane, author and seniors finance expert.

Downsizing can be an exciting time, but it pays to do your research and crunch the numbers. Rachel Lane compares the different financial arrangements and why it’s like comparing apples and oranges between retirement villages and land lease communities.  

There are so many different terms used by operators, from the more traditional “retirement village” or “over 55s community” to the more contemporary “gated community”, “lifestyle resort” and even “aged care”. While it may seem that there are too many different financial arrangements to compare, the reality is that most retirement communities are either a Retirement Village or a Land Lease Community, and the differences are important.

I find it easiest to break down the numbers into the Ingoing, the Ongoing and the Outgoing.

 Retirement villages operate under the Retirement Villages Act and you have a lease or ‘licence to occupy’. The ingoing is the price you pay for your right to occupy your home and use the common facilities.

Oranges: In a land lease community the price you pay upfront is to buy your own home and have a leasehold over the land. There are often no stamp duty fees to pay on the purchase of a new home in either model.


In both a retirement village and a land lease community residents need to pay a weekly or monthly fee to cover the running of the community, its facilities and the rates.

Apples: In a retirement village this maintenance fee is often called a “general service charge” or “recurrent charge”. In a retirement village, pensioners need to pay an amount below a certain threshold (currently $203,000) to be eligible for rent assistance.

Oranges: In a land lease community it is called site fees. Because of the unique ownership structure of land lease communities, most pensioners qualify for rent assistance on their site fees. It is not uncommon for the site fees in a land lease community to be higher than the general service charge of a retirement village.

The greatest confusion between retirement villages and land lease communities comes from the exit fees, also called deferred management fees (DMF). Generally, when selling your home in either a retirement village or land lease community you’re likely to incur some costs – typically agent’s fees and marketing expenses, it may also include the cost of repairs or improvements to your home to prepare it for sale.

Apples: In a retirement village exit fees are standard. The exit fee is likely to be a percentage of either you purchase price or re-sale price, anything between 25% and 40% is common. The exit fee may also include a sharing of capital gain with the operator.

Oranges: Where you are likely to find the biggest difference between the two is that most land lease communities don’t charge exit fees. You own your own home, and it is a willable asset, so the home owner keeps 100% of any capital gains made on the property if or when they decide to sell their home.


Let’s have a look at how a house in an Ingenia Lifestyle community compares with a similar home in a retirement village when you exit after 10 years. In this case study the Ingenia Lifestyle resident receives $589,643 on exit, where as a retirement village resident receives only $377, 262 after the exit fees.

Ingenia Lifestyle Retirement Village
$450,000 $450,000
Site Fees $180p.w General Service Charge $130p.w
*Rent Assistance $62p.w** Rent Assistance $0

Assumed Capital Growth @3%p.a

Value in 10 years time



Value in 10 years time


Assumed Selling costs @ 2.5%


What you get back:

$589,643 (no exit fees) $377,262 (after exit fees)

*For people who are eligible to receive an Australian Income Support Payment.

**Figure based on a couple

NSW Seniors Week Celebrations

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NSW Seniors Week saw us attend a number of events with the sponsoring of the Grandparents Day and High Tea in Albury. Our team had a great response from people wanting to know more about downsizing and attendees were able to capture a special moment with their grandchildren at the photo booth.