Port Stephens residents snap up new homes at $100m Latitude One lifestyle community
Port Stephens residents have leapt at the chance to become the first in Australia to experience Ingenia’s new concept in over 55s resort living, with the launch of the Star Collection.
Locals have snapped up the majority of homes at Ingenia Lifestyle’s Latitude One community with the first release selling out in a matter of days and the next release 75% reserved.
Set on 29.2 hectares in the leafy suburb of Anna Bay, the $100 million Latitude One community will be the first of Ingenia Lifestyle’s new Star Collection communities to open.
The Star Collection are contemporary gold class resort-style communities offering the perfect combination of beautiful premium style home designs surrounded by an enviable lifestyle and resort facilities.
Since construction began in mid-2017, local interest has grown exponentially with the number of sales and enquiries exceeding expectations. First residents are set to arrive in April 2018 and a new display village in the next sales stage will be launching in May 2018.
Project Sales Managers Sheree Richardson and Catherine Booker said the gold-class seniors living concept combines Ingenia Lifestyle’s unique and popular land
lease ownership model where residents purchase a brand new home but lease the land.
“The popularity rests with the simplicity of the model and the innovative architecture of the homes – which have been designed to be light and airy year-round.
“There has been a very strong demand from over 55s in the area, and we have even had a number of couples buy off the plan after hearing that their friends had purchased a new home in the community,” Sheree said.
The Ingenia Lifestyle land lease ownership model eliminates the need for residents to pay stamp duty and removes a significant component of start-up costs. If or when they decide to leave, there are no exit or DMF fees to pay and residents keep 100% capital gains made on the property.
“The opportunity to downsize and free up cash reserves while remaining close to friends, family and local amenities has been a major drawcard, with many buyers suggesting the extra funds will allow them to travel more frequently.
“Tapping into that lock and leave trend, our community will include caravan and boat storage, with community management and maintenance staff to keep an eye on your home while you’re on the road,” Catherine said.
Latitude One will introduce new premium home options with an array of resort facilities including a resort-style pool, multi-million-dollar clubhouse, wellness centre, fully-equipped gym, business centre, competition-standard bowling green, heated pool, spa, sports bar and cinema.
For more information call Project Sales Managers Sheree on 0408 295 737 or Catherine on 0427 900 501 or visit www.liveinportstephens.com.au.