Cashed-up downsizers seeking more room to move
Tuesday, 22 June, 2021
Retirement living developers are boosting their size of apartments, as cashed-up downsizers seek out more space to entertain friends and family and work from home.
Queensland-based retirement village operator Aura Holdings has also increased its apartment sizes in response to demand from retirees.
Aura fast-tracked stage five of its Kingsford Terrace Corinda community in Brisbane’s southwest due to the demand for oversized apartments in its stage four, Francis building. Apartments in the stage five Lingrove building were amalgamated to create floorplans with a total 265sq m of living space. Construction is due to begin this month on both stages four and five at Kingsford Terrace.
Aura’s much-anticipated The Ninth Middle Ridge, to be built within the Toowoomba Golf Club, is about to begin construction with interest highest in its spacious penthouses.