Frequently Asked Questions
What is a land lease agreement?
A land lease agreement means you become the owner of a new home, but lease the land it’s built on. These are secure Site Agreements protected by state Residential Land Lease Acts.
How secure is my land lease investment?
Is Lake Macquarie Lifestyle Community authorised under the Local Government Act?
What happens to my investment in the event of an ownership change?
What land-based fees will I have to pay?
None. Because owning a home but only leasing the land inside a land lease community means you pay no strata or body corporate fees. And all other land based fees such as council rates are taken care of in your site fee.
Do I need to pay stamp duty on a new home at Lake Macquarie Lifestyle Community?
There is no stamp duty to pay when moving into a new home at Lake Macquarie Lifestyle Community .
What kind of fees and charges will I pay living at Lake Macquarie Lifestyle Community?
Site fees, electricity, gas, and user pay services such as internet or cable television are the responsibility of the homeowner.
Can I receive government rental assistance?
For information on government rental assistance, and to learn whether you might be eligible, visit: www.humanservices.gov.au/rentassistance
How old must I be to move into Lake Macquarie Lifestyle Community?
What does the application process entail?
Potential residents will be interviewed by the community manager and asked to sign an agreement that acknowledges community rules. A police check may also be conducted.
What happens should I need to sell my home?
Homes may be sold privately, through a licensed real estate agent, or through the operators of Lake Macquarie Lifestyle Community.
If I sell my home, what share of the profits does Lake Macquarie Lifestyle Community participate in?
Will I be charged an exit fee should I decide to, or need to, leave?
There are never exit, or “deferred management” fees to pay when leaving Lake Macquarie Lifestyle Community.
Can I leave my home to family or loved ones?
Your home at Lake Macquarie Lifestyle Community is just that – your home. So you are welcome to leave it to whomever you wish.
Are guests welcome to stay with me?
Are pets allowed at Lake Macquarie Lifestyle Community?
What are the use restrictions for the common facilities?
Children must be accompanied and supervised by adults at all times. And residents are responsible for their guests at all times. Beyond that, there are no restrictions on the use of common facilities during posted operational hours.
How does parking work at Lake Macquarie Lifestyle Community?
Vehicles must be parked on driveways at all times and cannot be parked on, or encroach upon community roads. Designated visitor parking is available on-site.
Am I allowed to work on my car, boat or motorbike on the driveway?
What are the rules for adding structures like garden sheds or carports to my home?
How does mail delivery work at Lake Macquarie Lifestyle Community?
All mail is delivered to central mail boxes via Australia Post.
Am I able to move another person into my home after a certain length of time?
Only occupants listed on the residential site agreement are permitted to live in the home. An approved site agreement amendment with consent from the the Community Operator must be completed before any other party is allowed to move in.
Are push bikes allowed at Lake Macquarie Lifestyle Community?
Is there a place to store my caravan or boat?
Yes. There is storage for your boat and/or caravan at Lake Macquarie Lifestyle Community subject to availability.
Begin your journey with us
Let’s talk about tomorrow - today. Lake Macquarie Lifestyle Community wants to welcome you home.