Terms and Conditions

POWER FOR LIFE

  • Move to Lakeside Goolwa and never pay another power bill again. That’s Free electricity for the whole time you live at Lakeside Goolwa.
  • Available to new deposits received between 20th August 2017 and 31st December 2017.
  • Homes must settle by 30th June 2018.
  • Applies to Stage 2 Homes only.
  • New resident must upgrade to a 3kW Solar power system and Lakeside Goolwa will further upgrade it to a 5kW Solar power system Free of Charge.
  • Lakeside Goolwa will nominate the electricity retailer for the whole period the resident resides at Lakeside Goolwa.
  • Offer not transferrable upon the sale of the Home. Once the ownership of the home changes, the new owner becomes responsible for the electricity usage of that home.
  • Lakeside Goolwa will pay the new residents electricity bill up to the average usage for a couple in postcode 5214 (Goolwa). This being 16.4kW per day, according to the Australian Energy Regulator which is an Australian Government department. Any electricity usage in excess of this amount is the resident’s responsibility.

Please contact us on (08) 8555 2737 for further information.

RESIDENTIAL PARK v RETIREMENT VILLAGE

      • Lakeside Goolwa is governed by the Residential Parks Act 2007 and not the Retirement
        Villages Act 1987.
      • As such it works in a different way to most traditional retirement villages

http://www.legislation.sa.gov.au/LZ/C/A/RESIDENTIAL%20PARKS%20ACT%202007/CURRENT/2007.
19.UN.PDF

http://www.legislation.sa.gov.au/LZ/C/A/RETIREMENT%20VILLAGES%20ACT%201987/CURRENT/198
7.46.UN.PDF

RESIDENTS OWN AN ASSET

      • Retirement Village residents only have a licence (or similar) giving them a right to occupy a home in the village.
      • Lakeside Goolwa residents own their own home.
      • Lakeside Goolwa residents’ capital gain is not eroded by huge exit fees.
      • They can sell their home using a real estate agent or through us at current market value, unlike at a retirement village.

EXIT FEES

      • Retirement villages charge exit fees that after 5 years, are between 30% and 50% of your client’s asset.
      • In comparison, if you sold at Lakeside Goolwa in 5 years’ time we will charge just 2.75% of the same asset.

Typical exit fees charged at a retirement village include:

      • Deferred Management Fee/Exit Fee
      • Capital Replacement Fund
      • Unit Refurbishment Fees
      • Sales Fees
      • Administration Fees

Lakeside Goolwa fees upon exit:

      • Community Facilities Contribution (CFC)
      • Administration Fee

SITE/MAINTENANCE FEES & RENT ASSISTANCE

At Lakeside Goolwa our residents are entitled to claim Rent Assistance to help pay their weekly site/maintenance fees. Any resident that is entitled to at least the minimum rate of pension is entitled to the full rate of Rent Assistance.

Our current weekly site/maintenance fees are shown below and also the weekly rate after Rent Assistance has been applied (as at 22/8/14).

SITE/MAINTENANCE FEE RENT ASSISTANCE NETT FEE
COUPLE $174.61 $60.40 $114.21
SINGLE $143.54 $64.20 $79.34

The weekly site/maintenance fee includes all of the following;

      • Council rates
      • Sewerage rates
      • Water rates
      • Emergency Services Levy
      • All external garden irrigation
      • Maintenance of all community areas
      • Maintenance of all the facilities
      • Maintenance of the residents’ front gardens.

http://www.humanservices.gov.au/customer/services/centrelink/rent-assistance

OTHER GOVERNMENT CONCESSIONS

Lakeside Goolwa residents are eligible for the South Australian Government’s Residential Parks Resident Concessions of $700 per annum to assist with utilities costs.
https://www.sa.gov.au/topics/employment-and-finance/financial-support/concessions-and-benefits/concessions/residential-park-resident-concessions

OTHER ONGOING EXPENSES

Apart from the weekly site/maintenance fees the residents have very few ongoing costs.

      • Water usage (internal only) – average bill of our current residents is $30 per quarter.
      • Electricity usage – offset by the 1.5Kw solar panel system included on the home.

TENURE

      • Residents at Lakeside Goolwa have a 40 year site agreement over the land on which their home sits.
      • This is a 20 agreement with the option to extend for a further 20 years if required.
      • Upon sale of their home the new owner gets a new 40 year site agreement.

SECURITY OF TENURE

Residents’ security of tenure is administered by the Department of Consumer and Business Services and is provided under the Residential Parks Act 2007 Section 49 (5):
“In the case of a residential park site agreement under which a permanently
fixed dwelling is located on the site, a notice of termination under this
section must not specify a day on which the agreement is terminated that is
earlier than the end of the term of the agreement as fixed by the agreement.”

PENSION

Centrelink treat the residents’ home at Lakeside Goowla as their primary place of residence and as a result it is exempt from the assets test when it comes to affecting your client’s pension.

HOUSE TO HOME PACKAGE

Upon payment of the full deposit we assist your client’s in all aspects of downsizing:

      • Assist with preparing their current house ready for sale.
      • Help appoint a suitable agent to sell their house.
      • Monitor the sales process.
      • Store their furniture at Lakeside Goolwa.
      • Pay the travelling time of the removalist, within a 60km radius of Adelaide.
      • Interim accommodation provided until their new home is ready.

If you require any clarification on any of the above or would like to talk about anything relating to your clients prospective move to Lakeside Goolwa please don’t hesitate to call either Neil or Andy on 8555 2737.

PRICES HELD

Prices of Lakeside 2 bedroom homes from $319,000 held until June 30, 2017.