Let’s take a closer look at how residential land lease communities Victoria-based work. The first thing to note is that, these communities aren’t operated in the same way as a traditional retirement village. In other words, you don’t have to be retired, only over 50!

Unlike other senior living options where you never own your home, at Willow Cobram Resort, you own your home and live independently. You don’t have to pay stamp duty or conveyancing fees at the purchase point.

For additional peace of mind, Willow homeowners are protected under the Residential Tenancies Act. Having a 50-year secure lease gives you an exclusive right to occupy the land and to use all of the Resort’s luxury facilities.

This weekly rental fee also covers council rates, and sewer and water charges, making weekly budgeting simple. There are no other fees charged by Willow. You simply cover your own utilities such as electricity and telephone, typical of any normal residential lease.

When it comes to residential land lease communities, Willow Cobram offers fantastic conditions.

Not only do houses retain their value, they can often be sold quickly, without the costs and complications associated with retirement villages. For example, retirement villages typically charge high exit fees (Deferred Management Fees) as high as 45% when houses are sold, while at Willow, no exit fees are charged.