Downsizers staying in a large family home to avoid paying tens of thousands of dollars is a well documented and current issue affecting asset-rich, cash-poor seniors.

For those who may be able to capitalise on recent house price increases, the ability to downsize into an Ingenia lifestyle-oriented community, without having to pay stamp duty costs, is a welcome relief.

When Ingenia Lifestyle Lara resident Dianne Johnson embarked on making plans for her future, she decided to downsize to a community where there was more transparency in the agreement and would not put a strain on her financial security.

“Purchasing a home at Ingenia was made so much easier knowing that I didn’t have to pay any stamp duty and there were no hidden fees. I think
that’s why I bought so quickly.

Setting new benchmarks in affordable housing, Ingenia Lifestyle Lara is helping downsizers to maximise their active lifestyle by freeing up equity from their old home and purchasing a brand new one, while leasing the land.

“Realising that I could actually afford a brand-new home was a huge relief for me financially. The added benefit of leasing the land and access to wonderful lifestyle facilities enables me to live the life I love,” Ms Johnson said.

“The community in Lara is just lovely, our location has the quietness of the country with the convenience of the city provided by easy access to Geelong and Melbourne.”

Ingenia Lifestyle Project Sales Manager Kerri Hughes said residents have the best of both worlds at Lara, with the amenities of the CBD at their doorstep combined with the serenity of the suburbs.

“Our community, provides the perfect alternative to traditional city living for prospective homebuyers, particularly with the launch of four new home designs and floor plans now open for inspection.”

“With brand new homes starting from just $219,000, it is a great time to investigate the benefits of the land lease model, and everything that the Lara lifestyle has to offer,” Kerri said.

For more information, please call Kerri on 0491 229 257 or visit www.liveinlara.com.au