Am I eligible for Federal Government Rent Assistance?
What does your dream retirement look like, and how will you maintain the lifestyle you want as you enter the next chapter of your journey?
These are just some of the big questions Australians aged 50 and over are facing. Within a generation, a third of all Australians will be over 55. At the same time, many retirees don’t necessarily have the superannuation they’ll need for a comfortable retirement lifestyle.
According to a 2019 Federal Government report, about 77% of Australians over the age of 65 receive income support of some kind.
According to a 2019 Federal Government report, about 77% of Australians over the age of 65 receive income support of some kind.
Searching for the cheapest place on the market to retire is not ideal for anyone. If you’re over 50 and have spent time crunching your numbers, you may already know that you’ll require government assistance for retirees support. This may come in the form of a pension, part pension or rent assistance.
Willow Cobram Resort offers an alternative for those seeking premium resort-style living while accessing rent assistance for retirement.
A Great Alternative Solution for over 50s
Willow Cobram Resort’s vision is to fulfil the lifestyle dreams of over 50s across Victoria and Southern NSW by offering a next generation business model that’s innovative, accessible and sustainable. As a premium land lease community, residents own their own house while leasing the land that the house is situated on from Willow.
Due to the ‘leasing’ element, residents who receive the pension are eligible for Federal Government rental assistance for retirement to reduce the weekly site fee.
With a low cost entry into the market, these alternative retirement communities allows people to make a dramatic lifestyle change, while maintaining their living standards into retirement. Under this model, residents enjoy all the community facilities available within the residential resort, which are maintained by management.
Assistance with Site Fees
Willow’s site fees, allows residents to live on the site upon which their house is situated. These fees are also used to cover the Resort expenses such as maintenance and running costs, full use of the facilities and council charges – among others.
Qualifying for rent assistance for retirement
With the cost of living rising every day, every bit of financial help counts.
Let’s take a look at scenarios where Federal Government rent assistance for retirees is available – and how that can help you achieve the lifestyle of your choice, in a location of your choice.
Weekly site fees vary for singles and couples. For a single, the fee is $165 per week (subject to annual adjustment under terms of lease). The maximum Centrelink rebate is $66.50 per week.
In the case of a couple, the fee is $185 per week (subject to annual adjustment under terms of lease). In this instance, the maximum Centrelink rebate per week is $62.70 per week.
Depending on your financial circumstances, you may be eligible for Federal Government rent assistance for retirees to reduce Willow’s weekly site fee. To get more details on your entitlements, check the website www.servicesaustralia.gov.au or you can visit or call your nearest Centrelink for information.
Willow Cobram Resort offers vibrant resort-style living in a gated community. You can’t go past Willow for a premium location, community and security. To discover more about the benefits of our Resort, read some of our Frequently Asked Questions.
