Buying versus leasing

A comparable strata unit

  • May have a higher ingoing cost 
  • Incurs expensive stamp duty and legal fees
  • Involves body corporate obligations
  • And residents generally pay for all major maintenance and repairs

A leased unit at Greenways 

  • Is likely to have a lower ingoing cost
  • Involves no stamp duty
  • Attracts lower legal fees
  • Eliminates body corporate worries


  • The village owner pays for all major maintenance and repairs, not the residents
  • Leasing gives you the same security of tenure as buying a unit.
  • The Life Time Lease at Greenways is equally binding on the owner and the manager and ensures an ongoing commitment by them to the success and well being of the village and its residents.
  • All villages in Victoria are subject to the Retirement Villages Act.




Village Life

Greenways residents are enjoying a regular pancake morning in the Community Centre. A gold coin donation was collected to assist the children’s ward at the Frankston Hospital. Read More…
One of the great advantages of living at Greenways Village is the ability to just lock the door and travel. The village staff take care of the day to day, looking after our home while we are away. Testimonials


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