Ownership Model

Homes at Goodfellows are offered under an Occupation Right Agreement (ORA).

While this differs from traditional freehold ownership, an ORA is structured to support flexibility and long-term ease. Your initial buy-in is typically lower than purchasing a comparable freehold home within Lakeside, allowing you to release capital and redirect it where it matters most to you.

The ORA is a contract that grants a resident the licence to occupy a dwelling at Goodfellows Lakeside for their life (subject to their ongoing health and compliance with the village rules). When the time comes to move on, Goodfellows manages the resale process. Unlike many traditional retirement models, homeowners retain the capital gain achieved during their time at Goodfellows (subject to any deductions as specified in Goodfellows’ Disclosure Statement).

Your ongoing weekly fees contribute to exterior maintenance, landscaping and access to the shared amenities — removing the burden of organising these yourself.

The result is a structure that simplifies ownership while preserving independence. It allows you to live in a modern home, within a community of people at a similar stage of life, without carrying the responsibilities that often come with traditional property ownership.