Affordable Retirement Living Geelong
Enjoy Your Next Chapter Without Compromise
At Pelican Shores Estate, we offer an affordable retirement living option for the over-50s. Our homes are designed to be more affordable than many other retirement living options, thanks to our unique land and home ownership structure.
While you’ll own your home, the land is leased to you through a residential site agreement, giving you the exclusive right to occupy the land and access all the estate's amenities and services.
No Stamp Duty
When you buy a home in Pelican Shores there is no stamp duty to pay, saving you thousands of dollars in purchase costs.
No Council Rates
You can say goodbye to ongoing expensive council rates and charges when you move into Pelican Shores.
No Exit Fees
Unlike other villages when you decide to sell your home you won’t be charged exit fees or deferred management fees.
Retain Capital Gains
When the time comes to sell your house and move on, you can keep any capital growth.
Rent Assistance
If you're eligible for the pension, you can receive Rent Assistance to subsidise your site fees.
Shared Equity
Our shared equity option lowers your upfront costs which means more money for your retirement.
Shared Equity: Another Way to Buy Your Home
Don’t want to pay full price?
Rather than paying the full purchase price of a house on settlement, shared equity allows you to pay from 80% to 99.99%, in return for an identical percentage ownership of the home. For example, if you choose to pay 85% of the total purchase price then you essentially own 85% of the home.
While ownership of the asset is shared between you and our company, you have exclusive use of your home, and the right to decide when — and for how much — to sell. By using shared equity, you can free up capital from your current residence so you can better enjoy your retirement without compromising your lifestyle.