Frequently Asked Questions
When you’re thinking about moving to a lifestyle village or retirement village, there will no doubt be many questions you will have. We have listed some of the most common concerns here. If there are any others you may have please feel free to contact us on 03 5979 2700.
Our residents have many reasons they moved to Peninsula Parklands, just some are:
- Their home is too large once the kids have left and all they seem to be doing is maintenance, rather than enjoying life
- To free up the capital from their home and live the good life with the cash left over from downsizing
- To enjoy the friendliness of a true village community
- To move away from the hustle and bustle of the suburbs to get closer to the natural beauty and action of the Mornington Peninsula
- To gain the extra security of a gated community
No, we prefer to call Peninsula Parklands a Lifestyle Village. One important reason being you don’t need to be retired to live at Peninsula Parklands. Our residents are over 50 and some do work full-time or part-time.
At Peninsula Parklands, you actually own your home and have the security of a long-term lease over the land. This frees up a lot of your capital as you only need to purchase the home, which you can decorate and furnish how you choose.
Everything you could possibly need to move right in is included – window furnishings, split system air conditioning, floor coverings, landscaping, clothes line, garden shed, security doors and fly screens and much more.
There are no stamp duty or search fees applicable when you buy or sell your home at Peninsula Parklands.
There are no stamp duty or search fees applicable when you buy or sell your home at Peninsula Parklands.
Starting your Peninsula Parklands lifestyle is simple:
- You select your home and location within Peninsula Parklands to best suit your needs. You will pay a fully refundable minimal deposit, which holds the site for 7 days subject to availability and approval.
- You then submit an Offer to Purchase.
- Your contracts will be prepared, you receive detailed plans and site elevations. You will need to pay an agreed deposit. The balance of deposit can be paid from when you access the deposit from the sale of your home. You will not need to pay again until you settle. When you sell your existing house and let us know the settlement date, we will give you a confirmed settlement date on your new home at Peninsula Parklands. You should make sure that the contract of sale on your existing home has a settlement period of no less than 14 days if you are buying a ready to move into home or at least 90 days if you are buying a new home.
- When you are ready to move into your new home, you pay the outstanding balance at settlement.
We will be on hand to answer any questions and assist you through each step.
Because we aim to keep Peninsula Parklands very affordable, we separate the ownership of the land from the ownership of the home. So when you purchase one of our homes, you will enter into a lease for the land on which your home sits. This lease gives you exclusive right to occupy the land for the duration of your lease and use the facilities at the lifestyle village.
The site fee covers the lease and will be processed by direct debit from your nominated bank account each fortnight.It covers upkeep of all the gardens and common areas and use of facilities and the day to day running of Peninsula Parklands. The site fees are restricted to a minimal 4% annual increase, so there are no surprises. You will not need to pay any type of body corporate fees.
Depending on your personal financial circumstances, you may be eligible for Federal Government Rental Assistance to reduce the site fee. You will need to contact Centrelink or Veterans Affairs to find out what you are entitled to receive.
As each home is separately metered for all utility services, each homeowner is responsible for their own costs associated with utilities.
Small pets are very welcome, however must be approved in writing prior to occupation.
Doctors, dentists, shops, pharmacists and police are all located in Hastings, a short walk away. The Hastings Community and Health Centre is only 2 minutes away.
Just let the Manager know you will be going away and we can arrange for your mail to be collected if you like. You can enjoy the peace of mind knowing that your belongings are secure in our gated community.
Near Peninsula Parklands there are a number of secure off-site storage facilities which can be utilised by our residents to store their boats and caravans.
Village bins are emptied weekly.
Your home has its own mailbox at the community centre where Australia Post will deliver your mail.
Visitors are welcome to use the facilities at Peninsula Parklands, as long as they are accompanied by a resident.
When you sell your home, Peninsula Parklands recovers part of its costs in maintaining and running the community with the Deferred Management Commission.
- Deferred Management Commission – 11% including GST
- Administration Fee – 1.1% including GST
- Selling Fee – 2.75% including GST
If you would like to sell your home, you may do so at any time either through the Peninsula Parklands team, by yourself or via your own real estate agent. When you have sold your home at Peninsula Parklands, a transfer of lease will be provided to the purchaser.
Established homes may be available subject to availability. Please contact us on 03 5979 2700 for our current availability.