What is Commonwealth Rent Assistance and How Can It Benefit Downsizers?
For many retirees, downsizing is about more than simplifying life. It can also unlock financial benefits that help make retirement more affordable. One of these benefits is Commonwealth Rent Assistance (CRA).
Key Things to Know
Commonwealth Rent Assistance is a government payment that helps eligible pensioners and retirees with ongoing housing costs.
Residents living in certain lifestyle or land lease communities may be eligible to receive Rent Assistance, depending on their individual circumstances.
Unlike traditional retirement villages, lifestyle communities are generally assessed differently, and eligible residents can often access Rent Assistance while enjoying home ownership benefits.
Eligibility is assessed by Services Australia and depends on factors including your pension status, living arrangements and site fees.
The payment can help offset weekly site fees, reducing ongoing living expenses and improving cash flow in retirement.
How This Applies to Solana Lifestyle Resorts
At Solana, homeowners own their home and lease the land beneath it. This land lease model may allow eligible residents to access Commonwealth Rent Assistance on their site fees, providing an additional financial benefit alongside:
No stamp duty on your home purchase.
No council rates.
Access to premium resort-style facilities.
Potentially lower ongoing living costs compared to traditional housing options.
Because individual circumstances differ, we encourage buyers to speak with Services Australia or a financial adviser to determine their eligibility.
Learn more: https://www.servicesaustralia.gov.au/retirement-village-or-lifestyle-village-rent-type-for-rent-assistance
