The demand for brand new property options pushed by housing affordability and the rental disaster has paved the way in which for an unique boutique build-to-let in a 1950s life-style group in Yarrawonga.
Improvement approval has now been granted for a long-term life-style rental group in Yarrawonga. Developed and managed by Windfall Life-style Yarrawonga, residents will be capable to lease one, two, or three-bedroom properties in a safe, gated group for ages 10-19, with no entry or exit charges, no quarterly rental inspections, and no market critiques to the time period of the lease.
Windfall Yarrawonga Director Michael Ibbotson stated the idea addressed a niche out there and would give seniors scuffling with housing affordability, safety or rental points a brand new possibility.
“Many over-50s do not need to tie up their cash in a property, or it does not match their monetary place, and lots of are reluctant to lease short-term as a result of it does not provide them sufficient safety and certainty, they usually transfer home each 12 months. it is more durable if you’re over 50,” Mr. Ibbotson stated.
“Boutique built-to-rent life-style communities handle these points and performance in the identical method as renting a personal dwelling, so over time they are going to assist ease the rental disaster for seniors.”
Residents have entry to frequent services together with a clubhouse, out of doors space, bowling alley, and pets are welcome as every 6-star vitality rated house is by itself fenced-in lot with a personal backyard and an leisure space.
Mr Ibbotson stated the challenge was attracting a excessive stage of curiosity from downsizers, rightsizers and retirees who need to transfer out of the town.
“We consider these boutique life-style communities constructed to lease are the way in which of the long run and predict they are going to grow to be commonplace, simply as life-style villages constructed to personal have performed,” he stated.
“The safety of tenure, services and companionship on provide cater to a rising however underserved demographic.
“We’re additionally discovering that the pandemic has led many individuals to position a larger emphasis on protected social connection, which additional will increase the demand for group dwelling spaced out in the appropriate method and unbiased housing supplies a extra spacious resort really feel. than high-rise residences.”
Weekly rental charges begin at $309* per week and there aren’t any charges or taxes.
Windfall Rental Life-style Group Yarrawonga is predicted to interrupt floor later this 12 months.
By in style demand, they are going to be holding a brand new seminar on Saturday June 18 at 10am beginning at 10:30am on the Yarrawonga Mulwala Golf Membership Resort. Solely 60 tickets per seminar obtainable with morning tea and occasional.
For extra particulars or to order your home, go to www.yarrawonga.providencelifestyle.com.au or contact Yarrawonga Life-style Coordinator Karen Van der Steeg on 0457 755 981.