Why Newport Village
Spread across more than 20 lush acres in Port Macquarie, Newport Village is a Hometown Australia Community.
Hometown Australia is a subsidiary of Hometown America, one of the largest and most respected owners and operators of land lease communities in the USA. Hometown America currently owns and operates over 60 inspiring communities with more than 24,000 homes across the United States.
Hometown’s communities are known for quality amenities and professional onsite management. Community involvement, good citizenship and corporate responsibility are paramount to Hometown’s successful track record.
Presenting over 55 Australians with the lifestyle they deserve is Hometown Australia’s top priority. And nobody does it better.
How a land lease works…
Learn how you can benefit from a secure land lease agreement.
In a land lease community, you own your home and lease the land on which it’s built. It’s a secured investment with all perks of ownership, but none of the hassles.
And because you’re leasing the land, it means you pay zero land-based fees. This means that water rates are taken care of in your site fee and there are no body corporate or strata fees.
But since the home is 100% yours, you’re free to make a number of modifications. Best of all, should you decide to sell, you retain all capital gains as cash profit.
No Stamp Duty
The Property Council of Australia reports that if you’re wanting to downsize, selling your home can cost between $29,000 and $75,000 in stamp duty and other costs. At Newport Village, there’s no stamp duty to pay. See how much you could be saving at Newport Village with this handy stamp duty calculator tool.
No Exit Fees
Newport Village is not a retirement village. Retirement villages have different ingoing, ongoing and outgoing costs. Such as exit fees that can range from 25% to 50% payable when you sell your home. At Newport village, there are no exit fees should you or your family decide to sell your home.
Rent Assistance Eligibility
If you receive a government pension, allowance or benefit, you could possibly qualify for rent assistance.
To find out if you’re eligible for assistance prior to moving into your new home at Newport Village, visit the Centerlink rent assistance website today.
Own Your Home
Under a residential site agreement, your investment is secure. Even in the unlikely event of community ownership changing hands, your agreement cannot be terminated without your consent. You’re also free to make modifications to your home. Modifications that can help increase its value!
Retain Capital Gain
Many contracts in other forms of retirement living include a provision whereby the operators share in capital gains in the event that you or your family decide to sell your home.
At Newport Village, you keep 100% of capital gains as a cash profit. And we do not have step-in rights forcing you to refurbish your home at your expense if you decide to sell. The choice is yours.
Have a question? Just feel like saying g’day? Get in touch with Newport Village today!