Featured | Ingenia

Top tips to consider when downsizing

If you’re thinking about downsizing and you’re unsure of what the best option is for you, don’t worry you’re not alone, Australia is experiencing a tidal wave of people considering their future and they’re all trying to make the right decision.

We ask Ingenia’s Chief Operating Officer, Nikki Fisher, what her top tips are when considering a move to downsize into a lifestyle community.

What do people need to know about choosing to downsize?

“With the new alternative to the traditional retirement village option being the lifestyle-focussed land lease ownership model, where you purchase your own home and lease the land, over 55s are introduced to a whole new housing concept that’s not just for retirees, but is the new alternative for downsizers, whether they’re still working or planning on their retirement.”

What are your top tips for people thinking of moving to a community?

#1 Do your research: Planning the next steps in your future may seem like a daunting chore that eats up time in research and decision making, however, if you start by reading advice from senior’s lifestyle and finance experts so you can better prepare yourself for the future.

#2 Take the time to consider your options: Ask yourself some critical questions around the who, what, why and where to help you determine what the best fit for your new lifestyle might be.

#3 Assess what you can afford: Calculate what you might need to enjoy a new lifestyle. If you could unlock the equity in your family home, how much would you need to have in your hand to open up the door to a brand new lifestyle?

#4 Explore and gather all the facts: When you start to look at all the options and understand the key differences between them you’ll then be able to confidently make some informed decisions and take control of your future.


What trends do you see emerging in the seniors living space?

Ingenia Lifestyle has been dedicated in delivering and operating the land lease ownership model across the east coast of Australia and we’re thrilled to see our hard work now emerge as the next seniors living trend as it achieves a strong foothold in the over 55s living space.

Land lease living is an increasingly popular option for the independent and active over 55 as it protects our resident’s financial security and independence and is a more simple and transparent model to understand.

When you buy a home under the land lease model it means you do not need to purchase the land, you lease it, saving seniors hundreds and thousands of dollars in upfront costs and unnecessary government stamp duty fees.

The other additional benefit of Ingenia Lifestyle’s land lease model is there are no council rates, no strata or body corporate fees and on exit there are no DMF fees and no refurbishment fees to pay. Plus, you keep 100% of any capital growth made on your home and as it becomes part of your estate, the home is a willable asset so it’s possible to bequeath it to family and loved ones.

This is something our residents find extra comfort in they can keep the value of their new asset which is also a benefit for family and loved ones.

The next trend we see emerging in land lease living is our new gold class range of luxurious, master planned communities launched under the Ingenia Lifestyle Star Collection brand.

Our Star Collection brand provides a boutique lifestyle balanced with affordability and value located within desirable coastal regions on greenfield land delivered under the innovative land lease ownership model.

They include a range of premium architect-designed homes that are surrounded by sub-tropical gardens and streetscapes within an enviable resort lifestyle. At the centrepiece of our Star Collection communities are the exceptional clubhouses; big enough for a lively atmosphere while small enough for a relaxed ambience. From the cinema, library, sports bar and bowling green, residents are all set for an unrivalled lifestyle. Add to that a wellness centre with a heated pool and gym, and consulting rooms, they’ll simply be thriving.