Hampshire Property Group splashes $24.5M on land lease community

The family-owned Australian business, founded in 2006 as one of the first operators in the land lease community sector, has added to its portfolio of over 20 lifestyle villages across NSW, VIC, SA and WA.

Hampshire Property Group has paid $24.5 million for Faringdon Village, a land lease community in Nambucca Heads on the NSW Mid North Coast.

The site is home to 189 two- and three-bedroom homes on 8.25 hectares of General Residential zoned land.

Andrew Jackson, National Director of the vendor HTL Property, described Faringdon Village, which was developed by the Trafalgar Group, as  an “established and high-performing community” with very strong fundamentals.

He noted the property’s consistent income stream from site fees along with a high resident turnover presents  ongoing opportunities for home sales and rental growth.

Homes within the community typically sell rapidly once available for up to $450,000, highlighting the intense demand for Faringdon’s premier location and quality lifestyle offering, he said.

Andrew also underlined the site’s appeal to both institutional and private investors, with 65 enquiries and numerous competitive bids received during a six-week off-market Expressions of Interest campaign.

“The sale of Faringdon Village underscores the continued strength of the residential land lease  sector, particularly for assets offering scale, stability, and strategic coastal positioning,” said Andrew. 

“The recent capital works undertaken to upgrade the village’s roads and services have left the incoming buyer with nothing to spend; and solidify Faringdon’s reputation as a premium land lease community.

“With such high quality facilities, a prime location in an established retirement  haven, and secure long-term revenue growth, the community offers a compelling blend of  affordability and lifestyle for residents, and investment-grade performance.”