Resort style living for over 50s

A ‘Land Lease’ community is a wonderful lifestyle option where you buy and own your home and lease the land – It’s the ideal choice if you want to live in a secure, impeccably designed and brilliantly appointed community with likeminded people.

There are lots of unique and wonderful benefits to living at a Vantage community.

• There’s no stamp duty on your purchase which keeps that money for you to put towards other things.
• Homes in the community cannot be rented out so you have confidence in knowing and being familiar with your neighbours.
• Common areas and facilities are maintained as part of your Site Agreement and fees, meaning much less maintenance for you.
• As a gated community, you’ll feel a sense of safety and security.
• Amenities, landscaping, design and street appeal are all carefully planned so you have everything you need onsite and peace of mind knowing what will be built and when.

No, you don’t need to be retired to live in a Vantage community. We welcome people who are working full-time, part-time or are enjoying retirement already.

Yes, you own your home and pay a lease (the ‘site fee’) for the land on which it’s built. As the homeowner, you’re also protected under the Site Agreement which is governed by the laws of the state your Vantage community is in.

No. You only own the home, and the land is owned by Vantage. You enter into a long-term lease on the land your home is situated on, and the site (lease) fee not only gives you exclusive rights to occupy that land, but also the right to use the residents’ facilities and amenities in your community.

There are some major benefits in leasing the land. You don’t pay any stamp duty on your purchase; there are no local council rates or other government charges; and all the common areas, facilities and landscaping are maintained by the Community Management Team as part of the Site Agreement.

Your rights as a long-term leaseholder with Vantage are very similar to the protections offered by freehold titles but without the associated costs. There are no body corporate fees or council rates to pay, but you’re still protected by the relevant state laws.

There is no stamp duty to pay as there is no transfer of land title, since Vantage retains ownership of the land.

As the owner of the home and leaseholder of the land, you enjoy exclusive occupation to your home and yard, as well as access to all the residents’ facilities provided by your Vantage community.

Your Residential Site Agreement is the contract between you and Vantage, giving you the exclusive right to occupy the land in which your home sits. The agreement – which is governed by the relevant state laws – sets out each party’s rights and responsibilities and the ongoing fees that apply.

In most cases, it can be difficult to get typical finance or a mortgage to buy your home at a Vantage community, which is why most residents are cash buyers.
However, we do recommend that you speak with financial or trusted advisor regarding your financial options when thinking about joining a Vantage community.

Yes, your home is located within a gated community surrounded by like-minded people.

Yes. Because you own it, your home forms part of your estate assets. The beneficiaries of your will can sell the home and all capital gains will be returned to them or to your estate.

All homes are owner-occupied and we recommend you obtain legal advice if you’re thinking about buying via a trust or entity other than in your own name.

Yes, pets are part of the family and are welcome at Vantage communities. There are some practical guidelines and considerations around keeping pets which are covered in the Vantage Pet Policy.

Some Vantage communities offer homes with garages that can store caravans and/or a boat. Some also have onsite storage facilities that may be hired for an affordable fee. Alternatively, your friendly Vantage team can provide details of suitable storage firms nearby.

No. There are no additional fees to pay, including legal fees. Of course, you’re welcome to engage a solicitor at your own expense if you choose.

No. A key benefit of a Vantage community is that there are no exit or deferred management fees. This means that, when you sell your Vantage home, the capital returns and profits go back to you or your beneficiaries.

The site (lease) fee gives you the right to occupy the land on which your home is situated, and is also used to pay the costs of running the community and its facilities, such as gardening, maintenance, management, security and providing high-quality amenities.

Site (lease) fees vary depending on which Vantage community you live in. Fees are paid monthly by a convenient direct debit payment option and your Vantage team can provide details of the fee for the community you’re interested in.

Yes, government fees are all covered by Vantage, which means you don’t pay any council land rates.

Apart from site (lease) fees, other costs can include your normal domestic expenses such as electricity, water, telephone, home internet and home and contents insurance. Additional potential costs could include onsite caravan or boat storage.
You don’t need to pay to have your front garden maintained though – we do that for you.

Your Vantage community’s onsite facilities and amenities are all maintained by the Community Manager, and is covered in your site (lease) fee.

All site (lease) fees are reviewed on 1 July each year, however, for additional peace-of-mind, any increases are capped at CPI or 3.5% – whichever is greater.

Depending on your personal circumstances, you may be eligible for Commonwealth Rent Assistance. For full details and eligibility, you’ll need to contact Centrelink or the Department of Veterans Affairs.

Yes. You will need to pay an initial holding deposit to secure your preferred site and home. At a later stage you’ll need to pay a home purchase deposit, a purchaser selections payment (if relevant) and the final balance before moving in.

If and when you choose to sell your home, you can either use the Vantage Sales team as your selling agent, or a real estate agent of your choice. Ownership and the lease agreement are then transferred to the new residents.

Yes, you can sell your home through an external real estate agent of your choice. We do recommend that you choose an agent who has experience in the sale of ‘Land Lease’ properties.

If you sell via the Vantage Sales team, a selling commission will apply (payable to Vantage).

If you choose a private real estate agent, you’ll need to negotiate the selling commission with them, just as you would with any home sale.

There are no exit fees or deferred management fees when you own a home in a Vantage community.
As with any home, the only fees associated with selling your home would be the selling commission – payable to either Vantage or a private real estate agent.