Goodbye mortgage, hello Lifestyle

TAKE A PEEK... A sparkling outdoor pool and Aqua Club with BBQ is a favourite spot for homeowners and their families during summer. A heated indoor pool is also available year-round for swimming enthusiasts who live at Lifestyle Shepparton. Lifestyle Shepparton will host a "Take a Peek" open morning on Thursday, January 30. To book or to arrange a private tour at another time, phone 1300 50 55 60. Photo: Supplied

ONE big challenge for people approaching retirement is the uncertainty of financial security. While eliminating the home mortgage may seem an impossible problem, especially for those who have upsized their home loan in recent years, there is a downsizing option that strikes a chord with many.

Provided the family has also been downsized, empty nesters are finding that moving to a smaller home in a secure, Lifestyle community can free up equity they’ve built in their home and wipe out the remaining mortgage.

For couples or singles in their 50s or early 60s, this can also be a liberating experience. “We were able to pay off our mortgage and move into a low maintenance home and enjoy living here while we were both still working,” said homeowners Mark and Julie who have lived at Lifestyle Shepparton for the past seven years.

TAKE A PEEK… A sparkling outdoor pool and Aqua Club with BBQ is a favourite spot for homeowners and their families during summer. A heated indoor pool is also available year-round for swimming enthusiasts who live at Lifestyle Shepparton. Lifestyle Shepparton will host a “Take a Peek” open morning on Thursday, January 30. To book or to arrange a private tour at another time, phone 1300 50 55 60. Photo: Supplied

“What people don’t get, is that Lifestyle Communities is not a retirement village – it’s a socially active group of people who enjoy the freedom to do what they want, when they want,” said Julie S. “I’ve lived here almost two years, and even though I still work, there’s always activities I can join in when not at work.”

With an outdoor pool and BBQ area as well as other facilities, family members can visit and enjoy a game of billiards or a hit of tennis with the homeowners. They are often overheard saying “I can’t wait till I’m 50 and can move in too.”

Lifestyle Shepparton will host a “Take a Peek” open morning on Thursday, January 30 from 10.30am. To book in or to arrange a private tour at another time, phone 1300 50 55 60.