Why pay for the purchase of freehold land when Government legislation adequately protects your investment under a leasehold agreement and also subsidises your lifestyle?
There are also no body corporate fees, deferred management fees, stamp duty, conveyancing fees, council rates (excluding water) or exit fees.
Site fees are payable fortnightly in advance by direct debit for your convenience.
The following is an example of genuine savings to you based on a comparable freehold property in a gated community, offering similar amenities and services. By purchasing at Savannah Lifestyle Resorts you do not pay for the land (valued at $140,000). This land cost saving could earn you income of approximately $215 per week if invested in a secure 8% per annum investment.
With regards to other Retirement Villages that charge exit fees or deferred management fees (that do not apply at Savannah Lifestyle Resorts), you would save an average of $500 per week based on a ten year occupancy.
| LEASEHOLD PROPERTY AT SAVANNAH |
| Body Corporate |
Nil |
Nil |
| Council Rates |
Nil |
Nil |
| Site Fees |
$125 |
$125 |
| |
$125 |
$125 |
Less
Rental Assistance* (if applicable) |
$53.60 |
$35.55 |
| TOTAL |
$71.40 |
$89.45 |
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| COMPARABLE FREEHOLD PROPERTY |
| Body Corporate |
$95 |
$95 |
| Council Rates |
$35 |
$35 |
| Site Fees |
$215 |
$215 |
| Total |
$345 |
$345 |
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| SAVING FORMULA |
Total Freehold property cost
|
$345 |
$345 |
Less
Total Leasehold cost at Savannah (based on rental assistance* being applicable) |
$71.40 |
$89.45 |
| Total |
$273.60 |
$255.55 |
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*Pensioners (both Centrelink and Veterans’ Affairs) are eligible to receive rental assistance towards the Savannah weekly site fee. Recipients are advised to contact their department to confirm these figures. In some circumstances Veterans’ pension recipients (e.g. war widows) may not be eligible to receive rental assistance.
It is suggested you contact your department to confirm your situation.
Prices quoted are correct at the time of publication and are subject to change. Pensioner assistance rates quoted are valid until September 19, 2008.
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