Located in the beautiful coastal town of Ulladulla is Suncoast, a Hometown Australia Community.
Hometown Australia is a subsidiary of Hometown America, one of the largest and most respected owners and operators of land lease communities in the USA. Hometown America currently owns and operates over 60 inspiring communities with more than 24,000 homes across the United States.
Hometown’s communities are known for quality amenities and professional onsite management. Community involvement, good citizenship and corporate responsibility are paramount to Hometown’s successful track record.
Presenting over 50s Australians with the lifestyle they deserve is Hometown Australia’s top priority. And nobody does it better.
How a land lease works
Learn how you can benefit from a secure site agreement.
In a land lease community, you own your home. But lease the land it’s built on. It’s a secured investment with all perks of ownership. But none of the hassles.
Because your only leasing the land, it means you pay zero land-based fees. This means you pay no water rates and no body corporate.
Since the home is 100% yours, you’re free to make a number of modifications. Best of all, should you decide to sell, you retain all capital gains as cash profit.
No Stamp Duty
The Property Council of Australia reports that if you’re wanting to downsize, selling your home can cost between $29,000 and $75,000 in stamp duty and other costs. At Suncoast, there’s no stamp duty to pay. See how much you could be saving at Suncoast with this handy stamp duty calculator tool.
No Exit FEES
Suncoast is not a retirement village. Retirement villages have different ingoing, ongoing and outgoing costs. Like exit fees that can range from 25% – 50% of your home’s selling price. At Suncoast, there are no exit fees should you or your family decide to sell your home.
Own Your Home
Under a secure, 90 year Residential Site Agreement, your investment is secure. Even in the unlikely event of ownership changing hands, your agreement cannot be terminated without your consent. You’re also free to make modifications to your home. Modifications that can help increase its value.
Retain Capital Gains
Many contracts with retirement villages include a provision whereby the operators share in capital gains in the event that you or your family decide to sell your home. At Suncoast, you keep 100% of capital gains as a cash profit. And operators have no step-in rights that force you to refurbish your home at your expense if you decide to sell.
Rent Assistance Eligibility
If you receive a government pension, allowance or benefit, you could possibly qualify for rent assistance. To find out if you’re eligible for assistance prior to moving into your new home at Suncoast, visit the centrelink rent assistance page today.
Got a question? Just feel like saying g’day? Get in touch with Suncoast today!