Here is an example of the benefits of buying your own Lakelands Lifestyle Village home...
Buying a Lakelands Lifestyle Village home
| Sell your home | $500,000 |
| Cost of Lakelands home | $200,000 |
| Stamp duty | $0 |
| Settlement costs | $0 |
| Total cost | $200,000 |
| Money left over | $300,000 |
| Cost of weekly outgoings (pa) | $9,360 |
| - | |
| Less Govt Rent Assistance (pa)* | $3,395 |
| Interest received on cash in bank (2% of $300,000) | $6,000 |
| - | |
| Cash Surplus (pa) | $1,776 |
Buying a small home or unit in the suburbs
| Sell your home | $500,000 |
| Cost of new home | $450,000 |
| Stamp duty | $14,000 |
| Settlement costs | $4,000 |
| Total cost | $468,000 |
| Money left over | $32,000 |
| - | |
| - | |
| Cost of rates, taxes, body corporate etc (pa) | $5,000 |
| Interest received on cash in bank (2% of $32,000) | $640 |
| - | |
| Cash Shortfall (pa) | ($4,360) |
This is an example only and has not been prepared with the objectives, financial situation or particular needs of any person in mind. You should seek independent financial advice and carefully read any documents presented prior to any investment in Lakelands Leisure Village.
* This figure is based on Government Rent Assistance to a single person. The amount for a couple would be more.