Fees
Whichever way you look at it, investing in Livesmart Estates makes very good economic and financial sense. By separating home ownership from land ownership you can free-up some of the tax-free capital that is tied up in your home. You could also possibly improve your cash flow.
Here's a comparison of three possible scenarios.
| |
Staying where you are in your current home
|
Selling and moving into a Retirement Village
|
Selling and moving into a Livesmart Estate
|
| Assets |
|
|
|
Existing Home
|
$340,000 |
|
|
Retirement Village Capital
|
|
$300,000 |
|
Livesmart Estate Home
|
|
|
$240,000 |
| Contents |
$10,000 |
$10,000 |
$10,000 |
| Car |
$25,000 |
$25,000 |
$25,000 |
Bank Balance
|
$5,000 |
$5,000 |
$5,000 |
Superannuation Fund from Release of Capital
|
$0 |
$40,000 |
$100,000 |
Total Assets
|
$380,000 |
$380,000 |
$380,000 |
Annual Income
|
|
|
|
Centrelink Aged Pension (Couple)
|
$23,904 |
$23,904 |
$23,904 |
Centrelink Rent Assistance (Couple)
|
$0 |
$0 |
$1,620 |
Superannuation from Release of Capital
|
$0 |
$2,400 |
$6,000 |
Total Income
|
$23,904 |
$26,304 |
$31,524 |
Annual Living Costs
|
|
|
|
| General |
$18,000 |
$18,000 |
$18,000 |
| Rates |
$700 |
$0 |
$0 |
Building Insurance
|
$450 |
$0 |
$350 |
| Maintenance |
$1,800 |
$0 |
$500 |
Weekly Fees (Annualised)
|
$0 |
$5,200 |
$6,188 |
Total Living Costs
|
$20,950 |
$23,200 |
$25,038 |
Surplus Annual Income
|
$2,954
|
$3,104
|
$6,486 |
We appreciate everyone's circumstances are different. The above scenarios are intended only as examples and may not be representative of your circumstances. It is important you do not rely solely on the above information and that you obtain professional advice and confirmation of your entitlements from Centrelink and/or Veterans Affairs.
If you would like us to help you calculate the new financial benefits you'd enjoy by moving here, all you have to do is ask on 1300 130 888 or email info@livingsmart.com.au.