Super-sized retirement apartments created in late construction switch
Monday, 24 January 2022
Strong demand for larger, luxurious apartments has led the developer of a Toowoomba retirement community to amalgamate eight apartments into four - some six months into the project's construction.
The four new amalgamated apartments in The Ninth Middle Ridge project will all be around 215sq m in size and be priced up to $1.3m. Three apartments of a similar size have already sold at prices up to $1.195 million.
The announcement is further evidence of downsizers demanding larger apartment sizes, in part because the strong market for detached houses is increasing their buying power and also in response to the desire for more living space during the COVID-19 pandemic.
The project is being developed by southeast Queensland retirement village provider and operator Aura Holdings at the Toowoomba Golf Club.