Lifestyle Communities

Lifestyle Communities: residential communities for over-50s in Victoria

Lifestyle Communities is an Australian company that operates 25 residential communities in the state of Victoria, aimed at people over 50. Its offering combines low-maintenance homes with shared resort-style facilities, under a land lease model that allows residents to free up capital from their previous home.

Land lease and purchase model

The company uses a land lease model in which the resident buys the home but leases the land on which it is located. According to the company's information, this scheme allows hundreds of thousands of dollars in cash to be freed up. The purchase process includes a $5,000 initial payment until moving day. The company details the associated costs on its website, such as Site Fees and the Management Fee.

Services and features of the communities

The communities have resident managers (Lifestyle Managers) present in the Clubhouse during business hours, who provide support to homeowners. Facilities include award-winning Clubhouses, according to the company itself. The communities are pet friendly and gates remain closed overnight. The company organises activities and events, and offers a portal for homeowners called The Source.

Locations and types of housing

The 25 communities are distributed across five regions of Victoria: Bayside & Peninsula, Bellarine Peninsula, South-East, North Victoria and West Victoria. The housing offer is organised by price (under $600,000, between $600,000 and $900,000, and over $900,000) and by number of bedrooms (1+, 2+ and 3+). The company also sells new and resale homes.

Corporate and investor information

Lifestyle Communities is listed on the Australian Securities Exchange (ASX) and publishes announcements, results and investor presentations. The company has a board of directors and an executive leadership team. Its headquarters is located in postcode 3205, in Victoria.

Contact and opening hours

The contact phone number is 1300 50 55 60. Telephone opening hours are Monday to Friday from 08:30 to 17:00.