Costs and ownership

Costs and Ownership

Thinking about the costs of moving is an important step, and it’s natural to want clarity before you go any further. At Bayway Village, we keep costs and ownership simple, transparent and easy to understand, so you can take your time and feel confident about your decision.

This page explains how ownership works and what costs to expect, so you can make an informed decision at your own pace.

How ownership works at Bayway Village

When you buy at Bayway Village, you own your home outright and remain in control of your future. You can live in your home for as long as you choose and decide what happens next.

Your home sits on leased land under a long-term, government-regulated land lease agreement. This structure allows you to enjoy the security and independence of home ownership, without many of the costs and complexities often associated with traditional property or retirement village contracts.

Costs at a glance

To keep things simple, costs at Bayway Village fall into two clear groups.

What you pay

  • Purchase price of your home

  • A weekly site fee

What you don’t pay

  • Stamp duty

  • Council rates

  • Body corporate fees

  • Exit or deferred management fees

This structure is designed to keep both upfront and ongoing costs easier to manage.

The weekly site fee

The weekly site fee is the main ongoing cost of living at Bayway Village. It covers the lease of the land and the day-to-day management of the community, including shared spaces, roads and facilities.

For many residents, the site fee replaces several costs they previously paid, such as council rates or strata fees.

Many age pensioners may also be eligible for Commonwealth Rent Assistance to help offset the site fee. Eligibility is assessed by Services Australia.

When it’s time to sell

If you decide to sell your home, you remain in control. You can choose how and when to sell, with support available from our internal resale team to help guide you through the process.

On standard purchases, there are no exit or deferred management fees, and any capital gain from the sale of your home is yours to keep. This can make future planning simpler and more predictable.

Next steps

If you’d like to explore further, our team is here to help. Get in touch today to find out more