Downsize And Avoid Stamp Duty Fees
Queensland seniors have shown they are more than willing to downsize to a more affordable home option if they can avoid costly stamp duty fees.
More than 80 percent of homes have sold at Ingenia Lifestyle Chambers Pines, with seniors like Raelene Baillie able to move closer to their families without paying stamp duty fees on their new homes.
“When I decided to make the move from Western Australia to be closer to my daughter, I considered a wide variety of housing options, including private rental, seniors’ communities and even a granny flat,” Ms Baillie said.
“In the end, nothing else provided me the security, lifestyle and independence that Ingenia Lifestyle Chambers Pines offers, and not paying stamp duty fees saved me a considerable amount of money.
“I have plans to travel more now I’m retired, and downsizing has not only freed up equity to allow me to do so, living in a gated community gives me the security to know my home and belongings are safe while I’m away.”
Ingenia Communities Chief Operating Officer Nikki Fisher said demand for more affordable homes had been high due to the affordability and stamp duty savings.
“At Ingenia Lifestyle, over 50s purchase a new, architecturally-designed manufactured home and lease, rather than own the land,” Ms Fisher 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.”
Brand new homes at Ingenia Lifestyle Chambers Pines are priced from just $210,000 and there is limited opportunity to secure one of the final homes in the current stage, with new stages to launch later this year.
Ingenia Lifestyle Chambers Pines is located in the south east growth corridor in Logan at 2 Koplick Road, Chambers Flats. For more information, contact Project Sales Manager Sharon Manson on 0448 165 524.