Media release: Toowoomba retirees demand bigger and better
Monday, 24 January 2022
The demand for larger, luxurious apartments has led the developer of Toowoomba’s The Ninth Middle Ridge retirement community to create more penthouse-style apartments during construction.
The Ninth is being developed by southeast Queensland retirement village provider and operator Aura Holdings and is under construction within the Toowoomba Golf Club on Rowbotham Street, Middle Ridge. Construction began in August 2021 and the first residents will move in late this year.
Aura Holdings’ director Tim Russell (pictured below) said eight two-bedroom apartments were this month amalgamated to provide buyers with four more spacious options. There are now 10 large apartments offering up to 215sq m of living space with three bedrooms, two bathrooms, a multi-purpose room, study, butler’s pantry and multiple balconies.
“These redesigned apartments will take retirement living to the next level and are like nothing else offered on the Darling Downs,’’ Mr Russell said. “We know that today’s retirees demand a high standard of living.
“We were taken by surprise by the interest in our larger, more expensive apartments after being told by some that Toowoomba retirees wouldn’t pay over a million dollars for an apartment, but they were wrong!
“Despite the doom and gloom surrounding Covid, the property market has continued to grow strongly providing retirees with more capital to fund their desired lifestyle.’’
Real estate agents Meg Robertson and Alex Lincoln of PRD Toowoomba confirmed the strength of the local market. “Toowoomba has experienced an unprecedented surge in the market with more buyers coming from the Gold and Sunshine Coasts, Brisbane and interstate,’’ they said.
“Many retirees are taking advantage of the current conditions to sell their properties and downsize. The Ninth Middle Ridge is creating excitement in the Toowoomba market allowing them to downsize without compromising on size and quality.’’
The Ninth’s 75 two and three-bedroom apartments, plus penthouses, will have expansive views over the 55ha lush parkland golf course or across the Great Diving Range.
Residents will enjoy a private, maintenance-free lifestyle in the low-rise development of three and four-storey buildings with a range of community facilities.
“The Ninth is delivering something very special to Toowoomba,’’ Mr Russell said. “Our future residents are really excited by the option to downsize somewhere with ease of access via lifts to all the communal facilities.
“Residents will overlook the manicured green space and trees of the golf course rather than the rooftops of dozens of small villas in the traditional style of retirement villages. Here the Toowoomba Golf Club will be your backyard!
“The Ninth will have strong appeal to both golfers and retirees who want to live in such a beautiful, peaceful and secure community of friendly like-minded neighbours. Residents can live the independent lifestyle they crave with support on hand delivered to their apartment if needed.’’
Home-grown Toowoomba construction company McNab is building The Ninth.
Apartments are selling from $595,000 to $1.3 million and can be reserved on a $5,000 fully-refundable deposit. To inquire about living at The Ninth Middle Ridge, please call (07) 4602 9099.
For more information or an interview opportunity, please contact Aura Holdings media on email@example.com / phone 07 3397 2930