Land lease developer National Lifestyle Villages (NLV) has developed the Downsizer Calculator for its website in partnership with financial planners Sage Financial Group.
Users can put in the estimated sale price of their house, living expenses, Centrelink payments and anticipated weekly savings to compare their current circumstances to moving into one of their villages which can then be emailed to you.
If users want a more detailed analysis, they can make an appointment with Sage who will provide a free ‘financial map’ to show clients how long their assets will last over the next 20 years.
It’s a savvy marketing tool – but it also taps into a real issue for retirees.
Over half of people aged 65 and over have total assets including super, savings and home equity of around $500,000, according to the Residential Land Lease Alliance National Body (RLLA).
Knowing how much money you will have in retirement – and being able to budget on a weekly basis – is important and living in a land lease community or retirement village provides this certainty.
Check out the calculator here.
