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
Don’t want to pay full price?
Shared equity enables you to secure a new home and lifestyle without having to break the bank.
Rather than paying the full purchase price of your new home, our shared equity facility allows you to pay 80% to 99.99% of the total price in return for an identical percentage ownership of the home. For example, you may choose to pay 85% of the total purchase price in return for 85% ownership of the home.
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 please get in touch today.