Hundreds of land lease properties under construction for over 60s in Sydney

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Hundreds of land lease properties under construction for over 60s in Sydney
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The option means residents own their home but rent the land so they don't pay stamp duty or exit fees. 

A large land lease development is underway in Sydney's north-west, with experts saying the model could solve the housing crisis.

The option means residents own their home but rent the land so they don't pay stamp duty or exit fees. A large land lease development is underway in Sydney's Northwest, with experts saying the model could provide a solution to the housing crisis. "There are challenges in the cost of land, in zoning, in red tape," Managing Director of Ray White Commercial Western Sydney Peter Vines] said.

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