Discover affordable retirement living
Crystal Waters Estate is an affordable retirement living solution for the over 50s. One of the reasons why a home at Crystal Waters is so affordable is that the ownership of the land and home is separate. Although you will own your home, you do not own the land.
When you purchase your home you will enter into a residential site agreement which gives you exclusive right to occupy your home site and to enjoy the villages’ common facilities and amenities. The agreement is a continuing form of agreement and your tenure is protected by the Residential (Land Lease) Communities Act 2013.
There are many financial advantages of living in a land lease community –
✓ Affordable homes
✓ No stamp duty
✓ No council rates or taxes
✓ No strata maintenance or sinking fund fees
✓ Government funded rent assistance is available to eligible pensioners
Shared equity facility
Want to save tens of thousands of dollars upfront?
Rather than paying 100% of the purchase price on settlement, our shared equity facility allows you to pay 75% to 99.99% of the purchase price, in return for an identical percentage ownership of the home. For example, if you choose to pay 75% of the total cash purchase price then you own 75% of the home.
The shared equity agreement provides you with exclusive use of the home and subject to conditions recognises your right to sell your interest in the home.
Shared equity enables you to secure your new home and the lifestyle you have been dreaming of sooner rather than later and without having to break the bank. Freed up capital, that would otherwise be tied up in your home, can then be spent or invested as you choose!
For detailed information on our shared equity facility please get in touch today!