Cobram will be set to find that a new, 148-dwelling lifestyle development after consent for the project by Moira Shire Council a week.
Melbourne-based Akuna team managing director Graeme Jacobs said Akuna had a brief history of participation in the managing of senior housing and real estate progress.
‘& ‘We seemed in Cobram while the positioning for our first project as it& ’s a favorite holiday destination, &’& ’ Mr Jacobs stated.
‘& ‘Our target market would be essentially out the local location, so we wanted a location that we were familiar with.
‘& ‘The RACV club can be quite a common and iconic destination for people out of Melbourne, and the reason we picked Cobram is that it’s incredibly near the infrastructure, such as medical centers and looking, nature reserves and recreation bookings. ’’
With a anticipated start period of four to six months, Mr Jacobs said nearby tradesmen would be employed in building the brand new project after having a planning permit was issued last week.
‘& ‘We have a very positive relationship with Moira Shire,’& ’ Mr Jacobs stated.
‘& ‘This is really a $40million endeavor and it is expected to require a few years to complete.
‘‘We all expect an initial spike in sales of houses in the initial phases, together with 30 to 35 per cent to come from the catchment region including towns like Albury, Wodonga, Shepparton and Echuca, even though individuals expect 65 to 70 per cent will come from the metropolitan region of Melbourne.
‘‘Median house prices in Melbourne are currently around $900000 consequently people are down sizing and relocating by utilizing the equity out of their houses.
‘& ‘Basically, we’re providing good housing for persons in retirement and in a time when they&;rsquo;re returning into retirement.
‘& ‘They&;rsquo;ve got their superannuation savings, they’ve worked all their own lives and have housed and educated their own children and now they are interested in finding a little distance in retirement. ’’
Mr Jacobs stated the mark market was people aged more than 55 having an emphasis on individuals who have minimal superannuation accounts and that qualify for government leasing assistance in the property lease.
‘& ‘This focus on market is increasing at 30 per cent per year, having a third party of all Australians estimated to be over 55 within a production,’& ’ he also explained.
‘‘What’s often overlooked is that many Australians are slumping with low superannuation accounts, with all the equity in their existing home being their largest asset.
‘& ‘Under our proposition, Akuna can build up the property and then promote the homes with 49-year leases at a normal price of 265000 per household.
‘‘Residents can cover, typically, a gross profit rent of £ 175 weekly, and typically many will qualify for authorities Rental Assistance of up to £ 65 per week. ’’
Mr Jacobs stated the Akuna residential property lease community model was a much more reasonably priced and transparent option than the traditional retirement village model.
‘‘Under our model there are no departure fees, together with no future property sale only subject into the typical residential sales commission fee of 2.5 per cent.
‘‘There are no refurbishment fees or other costs imposed in the residents with citizens getting all of the profits from the selling of the houses.
‘& ‘swimmers only cover a weekly lease fee which covers all the maintenance of the community’s common places and full usage of their clubhouse, bowling green, children’s pool and gym, along with council rates, sewerage and water rates. ’’
●Akuna has plans for related projects in Yarrawonga, Paynesville in the Gippsland Lakes region along with also other Victorian regions.