$8 million worth of house sales in one day? Yes – in land lease communities
While the slump in apartment sales is making headlines, land lease developer Halcyon is proving baby boomers are still looking for retirement living options – and willing to pay for it.
They’ve just sold eight of 10 golf course-fronting homes in one day at its new $300 million Halcyon Greens community on the Gold Coast.
Land lease operators do have an edge on apartment developers – in most states, land lease homes are manufactured offsite before being assembled at the community, allowing homes to be built in as little as a few weeks.
Unsurprising then that Halcyon puts its number of homes completed in Queensland this year at 800 – double their 2016 figure.
In Queensland, the government has also recently amended the legislation around retirement villages and manufactured homes – which covers land lease communities – to offer more protections for homeowners including better dispute resolution processes and improved disclosure agreements.
You’ll also pay no stamp duty on your village or land lease home – another added bonus for retirees looking to save money on their move.