Albury | News

The New Alternative to Over 55s Lifestyle Living

For over 55s looking for a new alternative to the traditional retirement model, lifestyle-focused residential land lease communities are one of Australia’s newest senior living trends available to the downsizing market and are quickly becoming the perfect downsizing choice to maximise senior Australians pension returns.

The popularity of the model is its simplicity; residents purchase a new home and lease the land, offering a much more affordable price point while eliminating the need for residents to pay stamp duty with no council rates or strata fees.

The home owner retains 100% of any capital gains made on the property, which is a willable asset, forming part of their estate and a source of inheritance for family members or beneficiaries.

If or when the owner decides to sell their home, other family members may reside in the community, providing they meet the criteria, or they may simply sell the home with no exit fees to pay as land lease models are not based on the traditional deferred management model.

Incoming residents to Ingenia Lifestyle Albury, Deborah and Leonard Hepburn, are very excited to be moving into their new home in 2017 after being referred to the community by friends.

“The biggest factor for us purchasing at Albury was having a community lifestyle where you can mix with other people but still have the flexibility to have your own routine and travel whenever you like.

“We didn’t have to think about downsizing long, we knew we didn’t want a large garden or house to maintain, so it was an easy decision when we saw Ingenia Lifestyle Albury,” Deborah said.

The Hepburn’s attended an open day and from that moment they couldn’t wait to move in because everyone was so welcoming and the residents had the freedom to do what they wanted.

Additionally, after receiving advice from pension and finance expert, Rachel Lane, Deborah and Leonard were able to contact a financial advisor who helped them develop a detailed plan for managing their finances.

“With the new pension changes coming up, we were afraid that we may lose some or all of our pension. But with help from Rachel Lane and our financial advisor we are able to keep the same pension even when the changes come into effect.

“With his help we were able to invest in our super and still have money remaining for our future travel adventures.

“The cost of purchasing a home at Ingenia Lifestyle was definitely a contributing factor in our decision to make the move. By not having to pay for the land, stamp duty fees, or council rates we have been able to save time and money with our new home.

“It will be nice to move into a community where residents are around our own age and have similar interests to us. I love making friends so I think I’ll get along great with such a friendly community,” Deborah said.

For more information on Ingenia Lifestyle Albury, contact Megan Collins on 0459 955 122 or visit