Located at Corinda in Brisbane’s south-west, Kingsford Terrace is attracting downsizers who want great facilities and lifestyle opportunities close to where they currently live.
According to Tim Russell, Director of Kingsford Terrace project developer Aura Holdings, most of his buyers come from a 10km radius around the property.
“We know retirees want to stay living in the area they love, close to family, friends and amenities they enjoy,” Mr Russell said.
Located about 13km from the Brisbane CBD, the Kingsford Terrace complex will house 262 apartments when fully complete.
Its community facilities are currently under construction and, when complete in mid-2018, will include a heated pool, gym, beauty and hair salon, billiards room, cafe and library.
Mr Russell said Kingsford Terrace includes these facilities because “increasingly, modern retirees are demanding more than previous generations - for Baby Boomers in particular, life begins at retirement!”.
Another popular feature of the project is its market garden.
“We hear from retirees all the time how much gardening is a passion for them. For many, one of the hardest parts about moving from their family home was having to say goodbye to the garden which they spent hours and hours tending carefully,” Mr Russell said.
“Once we realised just how much our residents love being able to grow their own flowers, fruits, vegies and herbs we began work with our Resident Committee to construct a Market Garden at Kingsford Terrace.
“This is shared space has become a vibrant social hub where residents can spend time gardening and enjoying the scenery.”
Kingsford Terrace is a short drive from regional shopping facilities (DFO Jindalee & Westfield Indooroopilly) as well as an array of restaurants, sporting clubs and entertainment in Corinda, Graceville and Mt Ommaney.
The project’s first stage, ‘Litchfield’, is move-in ready but only has 6 apartments left (1 and 2 bedrooms) from $495,000 - $595,000.
The second stage, ‘Duporth’, is under construction offering 1, 2 and 3 bedroom apartments from $395,000 - $865,000.
Mr Russell said his buyers tend to come from one of two pools.
“The first buyer type are people who downsize by choice because they want to free themselves from the responsibilities of their large home, liberate capital and belong to a community that is fun and social,” he said.
“The second buyer type is retirees who need to downsize because of health/wellbeing issues. Living in their own home becomes difficult and isolating because mobility or health is increasing their dependence on family or neighbours so they realise it’s time to make a move into a community where they are supported and amongst like-minded people.”
Kingsford Terrace’s developer Aura has targeted south-east Queensland for a range of new mid-rise villages, because it says there is currently an undersupply of modern retirement living options and this undersupply is projected to worsen over the next decade.
“We believe that our aging population shouldn’t have to compromise on location or quality of lifestyle in their retirement,” Mr Russell said.
Find out more and make an enquiry via the listings for Kingsford Terrace.